Forty-two percent of the young adults surveyed say they’re living paycheck to paycheck, and only 33% say they could handle an unexpected major expense.
Shah, formerly CEO of Personal Capital, will replace Larry Raffone, who will transition to become chairman of the board.
The acquisition is the latest in a string of deals for UK-based Smart, including its purchase last year of Stadion Money Management.
Mike Fanning is retiring after 17 years as the insurer's US head, a period in which MassMutual grew into one of the top annuity providers in the US.
Total fixed annuity sales surged 101% to $70.9 billion in the first three months of 2023, compared with last year’s results.
Of all the holidays we observe, both real and faux, 529 College Savings Day is the one that counts the most, in our humble opinion.
The torrent of emails we received from members of all generations in response to 'Boomers bite back' was something we'd never experienced before.
The portion of respondents who correctly identified a 529 plan as an education savings tool came in at its lowest level since 2020, an Edward Jones survey shows.
Key features of the test include the ability to see how a retirement plan would perform through real historical scenarios such as the Great Depression, 1970s stagflation, the dot-com bubble and the global financial crisis.
One in five Gen Z respondents report having no money in savings, demonstrating a severe misalignment between their plans to retire young and the reality of their financial situation.
