Retirement (142)

Average 401(k) Balance Dips in 3Q But Still Up From a Year Ago  

Fidelity Investments released a new analysis that finds the average 401(k) balance fell 4% in the third quarter, a period in which the S&P 500 similarly dropped 3.7%. So reports CNN.


IRS Boosts 401(k) Contribution Limit By a Record Amount

The annual limit on what retirement plan participants can contribute to their 401(k) accounts has gone up by an unprecedented sum for 2023. So reports CNN.


1 in 4 Americans Say Inflation Will Delay Retirement: Survey  

A survey by BMO Harris Bank has found that a quarter of Americans predict they will postpone retirement because of rising consumer prices. So reports CNBC.


How FAs Can Stay Ahead of New Retirees’ Concerns  

Despite decades of preparation for retirement, many new retirees often face financial surprises—such as dealing with inflation. A recent CNBC article offered tips for FAs in helping clients in this situation.


U.S. Workers More Worried Than Europeans About Being Broke in Retirement

While Americans rate their financial wellbeing higher than their European counterparts, they are also more afraid of running out of money in retirement, according to the 2022 Alight International Workforce and Wellbeing Mindset. So reports Plan Sponsor.


How Inflation is Hurting Retirees  

Inflation is hitting all Americans, but some retirees are getting hammered with food, fuel and housing costs way up. So reports CNN Business.


Americans Optimistic About Retirement, But Inflation Harming Confidence

Most Americans say they’re still optimistic about retirement, but inflation is worrying to many, especially those who aren’t as prepared, according to EBRI. So reports CNBC.


Gen Z Saving for Retirement Earlier Than Millennials: Report

Gen Z investors are more likely to start saving for retirement earlier than Millennials. So reports the National Association of Plan Advisors.


What Are the Best Places to Retire?

U.S. News & World Report recently released its list of the best places to retire in America in 2021-2022.


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


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