Retirement

Americans Lack Confidence in Finances for Retirement

Details: Written by PFA News

In a recent AICPA survey, 49% of Americans said they are uncertain about their financial outlook for retirement and nearly 29% say they worry about having sufficient resources for their golden years. So reports the Journal of Accountancy.

Future Retirees Likely to Be More Dependent on Social Security

Details: Written by PFA News

Employer-sponsored retirement plans are providing less income than in the past, which means retirees are likely to be more dependent on Social Security, according to a study by the Center for Retirement Research. So reports ThinkAdvisor.

Retirement Firms Have Upper Hand in Winning Robo-Advisor Assets

Details: Written by PFA News

Big name retirement advisors such as Vanguard, Fidelity, and Charles Schwab have captured approximately 56% of affluent investor assets that are handled by robo advisors. So reports Investor’s Business Daily.

Texas Congressman Proposes Cuts to Social Security

Details: Written by PFA News

As President Trump settles into his new gig, Washington observers are waiting to see if a proposal by Congressman Sam Johnson to cut Social Security benefits will gain traction. So reports CNBC.

DoL Gives Guidance on Annuities as Retirement Plan Default Options

Details: Written by PFA News

In a recent letter, the Department of Labor is advising the financial industry that target date funds offered as annuities can be used as qualified default investment options in retirement plans. So reports ThinkAdvisor.

Retirement

Americans Lack Confidence in Finances for Retirement

Future Retirees Likely to Be More Dependent on Social Security

Retirement Firms Have Upper Hand in Winning Robo-Advisor Assets

Texas Congressman Proposes Cuts to Social Security

DoL Gives Guidance on Annuities as Retirement Plan Default Options

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