Retirement

Retirement (142)

Millennials Spend on Convenience, But Still Save for Retirement

A LendEDU study has found that the average millennial spends $38 on coffee each month, but also saves $480 each month for retirement. So reports PlanAdvisor. Read more...

Military Families Saving More Than Their Civilian Counterparts

Military career families are leading the charge toward retirement preparation by saving, on average, $1,715 a month compared to only $1,099 a month being saved by civilian families, according to the First Command Financial Behaviors Index. So reports 401k Specialist. Read more...

Divorce Almost As Devastating As Great Recession for Retirement

Divorce typically increases individuals’ ranking on the National Retirement Risk Index by 7 percentage points compared to the 2008 financial crisis, which increased individuals ranking by 9 percentage points. So reports CNBC. Read more...

Retirement Plan Participants Open to Using Annuities

Eighty percent of retirement plan participants would allocate assets to annuities if the products were available in their employer sponsored programs. Read more...

Bi-Partisan Bill Would Enhance Retirement Plans

Legislation introduced by Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) would authorize multi-employer pension plans and other savings mechanisms, such as allowing individuals older than 70 to make tax-free contributions to their IRA. So reports Think Advisor. Read more...

Legislation Could Increase Use of Annuities in Retirement Plans

Legislation currently proposed in Congress would allow retirement plan sponsors to rely on state insurance department reviews as an alternative to determining if an annuity provider has the capacity to make future income payments. So reports Financial Advisor. Read more...

Americans Facing Shorter Retirements, Poor Health

Americans are facing shorter retirements as many individuals work longer at a time when gains in life expectancy have stalled. So reports Bloomberg. Read more...

Millennial Parents Prioritizing Kids' College Over Retirement Savings

New research by Personal Capital has found that 70% of millennial parents are willing to prioritize saving for a children’s education over saving for retirement, which is a big mistake, according to numerous financial planners. So reports CNBC. Read more...

IRS Simplifies Regs for Emergency Retirement Plan Withdrawals

The Internal Revenue Service has streamlined rules to simplify taking emergency loans and hardship withdrawals from 401(k)s and similar employer-sponsored retirement plans for victims of Hurricane Irma. So reports AccountingToday.

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Morningstar Launches Retirement Fees Benchmark

Morningstar has launched a benchmarking service that analyzes fees from 20,000 defined contribution plans to facilitate the comparison of IRA expenses to qualified plans. So reports Plan Advisor. Read more...

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