How much do I need to retire? First, determine retirement needs How much do I need to retire? Look up average retirement savings by age Calculating retirement savings target How much do I need to retire and how do I stick to the plan? How much do I need to retire? Include Social...
Advisors affiliated with national firms are likely to be in demand from those whose retirement is just around the corner. Research from Cerulli Associates reveals that those within five years of retirement become ‘advisor-reliant’ and seek those professionals who can offer a strong suite of support services, becoming heavily reliant...
Longevity risk continues to be a hot topic for advisors, especially as their clients continue to suffer from a lack of “longevity literacy.“ The TIAA Institute and the Global Financial Literacy Excellence Center at the George Washington University School of Business released data last week showing that American adults are overwhelming unaware...
Retirement plans are getting more confusing, but that could be a good thing for financial advisors, according to a Fidelity Investments study released Monday. Fidelity characterized 2023 as a “year of opportunity” for the retirement plan industry in its 14th annual Plan Sponsor Attitudes Study. In other words, the asset...
Tradition has seen generations of American workers look forward to giving up work. But we’re in an age where traditions are often challenged. While many approaching retirement – or already retired – will happily settle into the post-work life they planned, almost half of respondents to a new survey intend...
Relying on Social Security benefits for a comfortable retirement has never been a good plan, but most Americans today think they may not get anything at all. Research from the Nationwide Retirement Institute has found an increase in the number of those aged 50 and over who think the Social...
The average price for U.S. houses sold during the second quarter was nearly $500,000 — that, coupled with the highest mortgage interest rates in over 20 years, could make a 401(k) loan appealing for buyers. Whether that’s a good idea is another matter. In the best-case scenario, financial advisors say:...
Republican presidential candidate Nikki Haley backed an increase in the retirement age that would be tied to life expectancy as a way to counter rising U.S. government debt a day after her standout performance in the first GOP debate. “We change retirement age to reflect life expectancy instead of cost-of-living...
Pontera is continuing its growth with yet another partnership with a large wealth management firm. The fintech company, which lets financial advisors manage assets in held-away retirement accounts, announced a deal Wednesday with Summit Financial Holdings, a firm for breakaway advisors with $9 billion in assets under advisement. Advisors affiliated...
Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and UBS agreed to pay nearly $500 million to settle an antitrust class action by U.S. pension funds over the banks’ control of the market for stock loans used for hedging and short selling. According to a Wednesday court filing by the...