…annual survey of retirement habits, Go Banking Rates found that 42 percent of Americans have less than $10,000 put away for retirement, while 57 percent of Millennials – the youngest subsector of Americans working today – have $10,000 or less saved for retirement. 1 According…
…of adults expect to retire before the age of 60 – Generation Z (born between 1997-2012) at 59.4 and Millennials (born between 1981-1996) at 59.5. Overall, the average age people expect to retire is 62.6, down slightly from 63.4 last year. “The economic environment created…
Have you or your employees ever wondered about the most efficient ways of drawing down your retirement assets? Are you offering a plan with enough flexibility to meet the needs of your diverse employee group? With so many different puzzle pieces, it’s no wonder so…
…plans and annuitization of benefits through third parties. We expect these trends to continue in 2018. Will the Department of Labor (DOL) Fiduciary Rule Continue as a Significant Force? The DOL Fiduciary Rule went partially into effect in June 2017 while fully required implementation has…
…and size. These and other studies have helped launch a cottage industry of market indexes and funds focused on value and growth stocks.1 Value stocks can be viewed as those of companies with low price-to-earnings ratios, that is, “cheap” stocks. Growth stocks are characterized by…
…significant fines and penalties. In fact, in 2021, we helped clients file 12 Voluntary Correction Program (VCP) applications and avoid over $1 million in penalties. Some of the ways we do this for plan sponsors are illustrated in the real-life case studies that follow. The…
…to become a part of the global financial landscape, and could increase in popularity as an alternative payment medium for millennials and as an investment for speculative investors. NOTE: Information presented herein is for discussion and illustrative purposes only and is not a recommendation or…
…industry. Unfortunately, something else that has not changed is most Americans’ attitudes towards saving for their golden years. “Save early and often” is one of our mantras, but time and again we see reports saying that for many people – especially those in the millennial…
…smaller correlation. What might explain the weaker relationship after 2009? Although homebuilding supply recovered after the 2008-09 slump, there was also continued weak demand due to factors such as millennials staying at home longer, fragile consumer confidence and slow wage growth. In summary, housing activity…
…in 2011. What are some potential advantages of CITs versus mutual funds? They include: lower administrative costs and regulatory costs; exemption from certain types of reporting such as prospectuses; and customized pricing flexibility depending upon plan size. Studies have estimated that CIT costs can be…
…to remain in their careers beyond the age of 65 or are seeking new work post-retirement tend to be more highly educated, often with advanced degrees. In one of the studies highlighted in Dr. Sass’ brief, researchers explored the importance of non-financial rewards in influencing…
…through 2088. Studies published in May by Harvard and Dartmouth, meanwhile, maintain that the Social Security Administration has been overstating the financial health of its trust funds since 2000, indicating that the shortfall could arrive much sooner than noted above. Either way, there is clearly…