Retirement (133)

DOL May Help Advisors with Challenges of Investor Cognitive Decline

The Department of Labor has gathered significant information on the challenges facing plan sponsors, advisors and recordkeepers when it comes to the dealing with the cognitive decline of those saving for retirement. So reports Investment News


Pandemic Hurting Women’s Retirement Prospects: Survey

The gender gap in retirement savings is not a new issue. However, the pandemic has made things worse for women, with some dubbing it the “she-cession.” So reports NBC News.


Introducing the 'Securing a Strong Retirement Act of 2020'

U.S. House of Representatives Ways and Means Committee Chairman Richard Neal (D-Mass.) and Ranking Member Kevin Brady (R-Tx) introduced legislation aimed at expanding automatic enrollment in retirement plans and savings options for nonprofit workers. So reports Plan Sponsor.


Retirement Confidence Takes a Hit Due to COVID-19

A new survey from Principal shows that the COVID-19 pandemic has taken a heavy toll on the confidence of those saving for retirement and those already in retirement. So reports The Winston-Salem Journal


Buttigieg Propose Long-term Care Program

As Democratic presidential primary candidates pitch proposals to extend medical insurance to more individuals and expand Social Security, South Bend, Indiana, Mayor Pete Buttigieg is going a step further by proposing a program that would provide $90 a day for individuals that need long-term care. So reports MarketWatch.


Schwab and Employee Fiduciary Rank as Top 401(k) Providers

Charles Schwab and Employee Fiduciary have seized the top two slots in a recent ranking of 401(k) providers by The Street.


Be Happy—Don’t Retire Early

Cross-sectional studies have found that individuals who retire early are less happy in their golden years than individuals who wait until 65 to retire. So reports CNBC.


Retirees’ Healthcare Costs May Be More Manageable Than Expected

A study by the Vanguard Center for Investor Research and Mercer actuaries has determined that retirees in 2018 spent between $4,900 and $6,000 on healthcare costs, including Medicare premiums and out of pocket expenses. So reports the Associated Press.


Congress Considering Delaying RMD Age

The proposed 'Setting Every Community Up for Retirement Enhancement Act of 2019' would move the age at which required minimum distribution rules apply from 70 ½ to 72 and would allow workers at any age to contribute to retirement programs. So reports Forbes.


Study Defines Saving Requirements By Age

A recent study by Natixis Investment Managers of individuals’ assets and aspirations has determined that a typical Baby Boomer needs to save $142,357 annually to reach his or her retirement goal while Gen Xers need to save $42,849 per year. So reports CNBC.


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