Retirement

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Expect lower Social Security COLA amid slower inflation
RETIREMENT PLANNING AUG 14, 2024
Expect lower Social Security COLA amid slower inflation

Retirees can be more affected by inflation, and cost increases are not consistent across categories or geographies.

Despite basic awareness, life insurance gaps still plague Americans
LIFE INSURANCE AND ANNUITIES AUG 14, 2024
Despite basic awareness, life insurance gaps still plague Americans

New Corebridge survey reveals false beliefs around costs, uncertainty on coverage, and what motivates people to get insured.

How has fee compression affected retirement planning?
RETIREMENT PLANNING AUG 14, 2024
How has fee compression affected retirement planning?

Fee compression is the retirement market adapting to address decumulation needs of plan participants, says Broadridge.

Trump's proposed Social Security tax cuts would chop benefits, advocates say
RETIREMENT PLANNING AUG 09, 2024
Trump's proposed Social Security tax cuts would chop benefits, advocates say

Vow to end taxes on benefits, without any other changes to Social Security, would make the system run out of money sooner.

New legislation seeks to extend 401(k)s to even younger Americans
RETIREMENT PLANNING AUG 09, 2024
New legislation seeks to extend 401(k)s to even younger Americans

The bipartisan measure introduced in the House of Representatives would widen the 401(k) savings window to include workers between 18 and 21 years old.

Over one-fifth of Americans over 65 are still working
RETIREMENT PLANNING AUG 09, 2024
Over one-fifth of Americans over 65 are still working

Federal census data point to a trend of delayed retirement, with some states leading the way in growth of senior-age workers.

Retire by 65? Get real, say one in two Americans
RETIREMENT PLANNING AUG 08, 2024
Retire by 65? Get real, say one in two Americans

Poll of 1,000 adults reveals more than two-thirds concerned over living expenses, savings shortfalls, and a lack of guaranteed retirement income.

Healthcare costs continue to rise for retired seniors
RETIREMENT PLANNING AUG 08, 2024
Healthcare costs continue to rise for retired seniors

Fidelity says a 65-year-old retiring today will face $165k in health care and medical expenses – more than twice what the average American expects.

The shadow of debt is creeping further into retirement, EBRI says
RETIREMENT PLANNING AUG 07, 2024
The shadow of debt is creeping further into retirement, EBRI says

Analysis of Federal Reserve data shows how the continuing burden of debt and debt payments impact older households.

Market jitters spark 401(k) trading
RETIREMENT PLANNING AUG 06, 2024
Market jitters spark 401(k) trading

Trading activity was eight times higher than usual on Monday, a level not seen since March 2020, according to Alight Solutions.

Just a third of Americans are doing well as financial issues persist
RETIREMENT PLANNING AUG 02, 2024
Just a third of Americans are doing well as financial issues persist

Survey research reveals fresh insights on retirement uncertainties, inflation, and generational pressures among other stressors.

Why student loan debt is the biggest barrier to retirement planning
RETIREMENT PLANNING AUG 02, 2024
Why student loan debt is the biggest barrier to retirement planning

Change is needed to help remove barriers to saving, says advisor.

Most Americans agree Social Security can’t stay status quo
RETIREMENT PLANNING JUL 31, 2024
Most Americans agree Social Security can’t stay status quo

Research by Nationwide reveals almost three-quarters fear funds will run out before they die, while nearly four-fifths see a need for reform.

Why clients really want to talk to their advisor about the weather
RETIREMENT PLANNING JUL 31, 2024
Why clients really want to talk to their advisor about the weather

Americans fear that natural disasters could devastate retirement savings.

DC plans crucial against retirement income shortfalls, says Morningstar report
RETIREMENT PLANNING JUL 30, 2024
DC plans crucial against retirement income shortfalls, says Morningstar report

New model finds most workers not in plans may not hit their retirement goals, with single females, Gen Xers, and Baby Boomers at greater risk.

Are military households more prepped for retirement?
RETIREMENT PLANNING JUL 29, 2024
Are military households more prepped for retirement?

Research hints veterans and their partners have done a better job strategizing for withdrawals, health expenses, and other retirement scenarios.

Second court blocks all aspects of DOL's fiduciary rule
COMPLIANCE JUL 29, 2024
Second court blocks all aspects of DOL's fiduciary rule

A stay issued on Friday adds to an order in a separate case against the Department of Labor.

Advisors want to "freeze time" rather than retire
RETIREMENT PLANNING JUL 29, 2024
Advisors want to "freeze time" rather than retire

Advisors, ironically, aren't really interested in retiring but Dynasty Financial's Casey Jorgensen argues it's a fiduciary duty.

Court order puts DOL fiduciary rule on ice
RETIREMENT PLANNING JUL 26, 2024
Court order puts DOL fiduciary rule on ice

There is a stay effective for the rule and one of its prohibited transaction exemptions, but that doesn't necessarily mean firms should hold off on compliance.

Best advice? Ignore the 10-year RMD rule
OPINION JUL 26, 2024
Best advice? Ignore the 10-year RMD rule

The IRS has stood firm on its required minimum distribution rules but following these equates to bad tax planning, says tax expert.