2024-04-09 23:15:00 | demographics retirement
... ate these concerns, Americans are considering several strategies, including increasing retirement savings (41%), curtailing current expenditures to save more (38%), and investing in financial products that guarantee lifetime income (35%). An equal percentage of respondents believe that extending their working years and postponing retirement could be a solution.The study also revealed a strong inclination among Americans to seek advice from financial professionals on optimizing investment returns (88%), maximizing Social Security benefits (88%), and choosing financial products that assure a lif...
2024-04-09 09:25:00 | cryptocurrency demographics real estate
... lennials (ages 27-42) and Gen Z (ages 18-26) are diversifying their financial portfolios in unconventional ways. Cryptocurrency emerges as a popular asset, with 21% of these younger cohorts investing in digital currencies, nearly matching the 20% who own real estate. This trend underscores the changing perceptions of investment and asset ownership among younger Americans, who are also embracing financial "hacks" and strategies popularized through social media.The survey, conducted online by YouGov for Policygenius from October 16 through 19, 2023, polled 4,063 U.S. adults and revealed that you...
2024-03-21 | banking brokerage retirement technology
... ial picture. A streamlined Accounts Overview experience provides clients with a summary of their accounts across banking, investing, and retirement.Full suite of digital tools in a single app. A consolidated platform home to Bank of America's suite of digital solutions, including Life Plan® and the Net Worth Estimator™ Tool, tailored to each client's financial needs.Payments and Transfer hub. One location in the app for clients to pay bills, transfer money between accounts, split the dinner bill with friends, receive customer payments and receive domestic and international wire transfers.Ev...
2024-03-20 | investing wealth transfer
... . With a more intimate understanding of a client's life, their values, goals, aspirations and risk, we can provide more comprehensive advice and meet more of their wealth management goals," added Tam....
2024-03-12 08:42:12 | retirement
... eating a plan to accomplish their goals.Living in RetirementNearly all respondents (85%) want to retire while they are still healthy enough to be active, targeting an average retirement age of 61-62. Motivating factors for determining when to retire vary by generation though; Gen Z and Millennials cite becoming debt-free or reaching career goals as top factors; whereas Boomers say they’ll retire when they emotionally ‘feel’ ready. One-in-10 Gen X respondents have not yet determined when they plan to retire, although they are continuing to save at Fidelity’s recommended savings rate of ...
2024-02-15 | retirement financial wellness
... Parrish, JD, RICP®, CLU®, CHFC®, AEP®, Professor of Practice at The American College of Financial Services. "This necessitates understanding basic concepts about investing, taxes, insurance, and finances. To measure how prepared Americans are for retirement, an important consideration is how knowledgeable consumers are about retirement. Call it 'literacy,' 'aptitude,' or 'competence,' do Americans know enough to take on the burdens that come with the freedom of voluntarily saving for retirement?"This is why, for the last nine years, The College has conducted a comprehensive survey of retir...
2024-02-09 | high net worth wealth management
... and impact investing. Firms like UBS and Merrill Lynch have responded by introducing investment products and advisory services geared towards creating environmental and social impacts without compromising financial returns. Investments in this category might focus on renewable energy, eco-friendly agriculture, or companies with exemplary environmental, social, and governance (ESG) standards.For high net worth investors, the breadth of opportunities to expand and safeguard wealth is vast and varied. Leading investment firms such as Goldman Sachs, Merrill Lynch, Morgan Stanley, and UBS are pivot...
2024-02-01 | consumers spending
... differ about their future big financial objectives. Furthermore, women are much more likely than men to believe that their partners are more knowledgeable about investing-related subjects; 57% of women say their partner is more knowledgeable than they are (40%)....
2023-06-01 | investing
... ...
2023-06-01 | wealth management hnw
... lth management firms see ESG data analysis (52%) and traceability (31%) as a top priority.Of the relationship managers surveyed, 40% said they require more data to understand ESG impact, and nearly one in two said they need more ESG information to engage effectively with clients.Wealth management firms need to fix the misalignment of the relationship manager’s roleAccording to the report, the current lack of digital tools is limiting relationship managers from delivering timely financial advice and value-added expertise. It is also impacting their bottom line.On average, only one in three ex...
2023-05-24 10:23:10 | investing
... ...
2022-08-09 12:00:00 | economy inflation
... aid. Prudent financial decisions during uncertain times may make budgeting or investing easier when the economy improves. Now is the time to consult a financial advisor if you need help managing the uncertainty. Source: State Street ...
2022-08-05 12:00:10 | investing
... months. Tom Naratil, President of UBS Americas and Co-President of UBS Global Wealth Management, said business owners' increased optimism and focus on hiring and investing is an encouraging sign given the current market environment. Business planning, portfolio diversification, and exit planning advice will help them navigate the market. Findings: US Short-term investor optimism on the economy and stock market fell to 39% and 37% from 58% in May. If markets decline 10%, younger investors (Millennials and younger) are more likely to increase their market allocation (38%)...
2022-07-28 | financial advice
... e used to engage with, manage, invest, and understand money. According to a study, 58% of Americans believe that financial apps, including investing apps, money management apps, banking apps, and more, are crucial for helping them reach their financial objectives. And curiously, when taking into account Americans who currently work with a financial advisor, this percentage jumps to 76 percent. What is obvious is that our sector needs to provide a new digital human experience that is a well-balanced mix of human-centric support from dependable financial professionals, integrated technology...
2022-07-13 | demographics investing
... ty by investing and saving, with 75% saying they want the same things as their parents, but they are simply unaffordable. According to the survey, 38% say investing in the stock market is their top financial goal, compared to 33% who prioritize saving for retirement. More than one-quarter (27%) said their top financial goal is starting a company. "Millennials have an entrepreneurial mind-set, and are looking at ways to create other sources of income through business ownership, investment property or a side-hustle," O'Leary added. "Competing responsibilities and goals make a personalized wealth...
2022-05-19 | retirement
... .5 million plan participants as of March 31, 2022. Considers average balance across all active plans for 5.6M unique individuals employed in tax-exempt market. Source: Fidelity Investments ...
2022-05-04 12:00:01 | advice demographics
... dress big issues in the world, they also think the responsibility must be shared by companies (73%) and the government (83%). 4. Retirement feels a lot closer at 40 Millennials hope to retire by the age of 59, on average. It’s an ambitious goal that’s fast-approaching,and they are aware of the risks, which may explain the importance they place on planning and advice. The survey found: 66% expect inflation to be one of the biggest risks to their financial security. 66% accept that they may need to keep working longer than they anticipated. 55% worry the cost of hea...
2022-04-26 13:00:00 | investing pandemic
... 8 investors who make all their investment decisions without the counsel of a full-service dedicated financial advisor, and was fielded from November 2021 through January 2022. Source: J.D. Power ...
2022-04-25 14:00:00 | demographics financial planning retirement
... ial planning, retirement income and wealth management at Charles Schwab. “If you dream of constant travel, make that a specific line item in your retirement plan to ensure you have the funds to make it happen. If you want to maintain exposure to higher risk assets like digital currencies in your retirement portfolio, think about how to balance that with more traditional investments that can provide you with a reliable source of income when you don’t have a paycheck. And finally, you prepare for retirement to enjoy it, but it’s important to have a solid income and distribution strategy so...
2022-04-25 12:00:02 | investing retirement
... nd have a goal you're aiming for," Brownstein says. “Most likely, this includes setting an equity goal that will allow you to maintain your lifestyle after retirement.” Source: Personal Capital...
2021-12-06 09:22:18 | advice demographics
... n an IRA, while 35% of Baby Boomers and 23% of Gen X claim to have one for their investments. Alternatively, nearly 1 in 8 Millennials and Gen Z Americans are turning to micro-investing apps, such as Stash and Acorns to prepare for retirement. For various reasons, nearly 1 in 6 of survey respondents said they feel they have "screwed up" their retirement; over 16% of those respondents believe they have screwed up their retirement by listening to unqualified financial advice. One in 5 do not have a retirement plan and have no idea when they will be able to retire. Over half of Millennials (57...
2021-10-29 09:08:19 | demographics retirement
... ...
2021-10-20 12:10:10 | demographics
... types of coverage and how insurance works. Comprehending risk: understanding uncertain financial outcomes. Go-to information sources: recognizing appropriate sources and advice. Source: TIAA...
2021-10-12 12:00:00 | retirement
... nt they will save enough still report knowledge gaps about how much to save (30%), the difference between various savings types (36%), and making decisions about investing their savings (31%). Other key findings include: Fewer than one in three respondents surveyed (30%) save for retirement in regular increments or time periods. Many respondents think they should be saving more for retirement. While half of respondents (51%) are putting 10% or less of their gross income toward retirement savings, 41% of respondents think they should save 10-20% of their gross income. Those wh...
2021-09-09 | retirement
... (43%) 1 in 3 say their overall living expenses increased, with 24% spending more on medical expenses and 17% offering more financial support to family members Source: Kiplinger/Personal Capital...
2021-06-22 09:08:15 | travel
... investing their money in some well-deserved time off," said Quicken CMO Linda Itskovitz. "But the transition back to 'normal' travel could take a negative toll on people's personal finances. It's important to plan for and set spending limits so you can enjoy these trips without getting a surprise hit to your bank balance." How are travelers spending their vacations? In many instances, people want to focus on mental well-being and spending time with friends and family they haven't seen in a while, rather than go on the urban or cultural adventures they might have pursued in the...
2021-06-07 12:00:00 | investing
... tainability efforts. Fewer understand how insurance companies make investment decisions (46%), and know any insurance companies successfully investing in environmentally responsible ways (31%). * Allianz Life conducted an online survey in April 2021 with a nationally representative sample of 1,000 respondents age 18+ with an annual household income of at least $50,000. Source: Allianz Life Insurance Company of North America...
2021-06-04 | demographics investing
... to stay committed to a disciplined trading approach during the dips and consider valuations and the fundamentals of any one name before swooping in on a new buying opportunity.” Source: E*TRADE...
2021-05-28 | consumers investing
... urchasing partial shares and are accessible 24/7—accelerated mainstream interest in stocks and expanded investing to younger demographics. As a result of these new tools for allowing (and gamifying) active investment among non-experts, risk exposure is growing for a substantial portion of the population. For those chasing even higher returns—at ever-greater risk—cryptocurrencies are rapidly becoming more prominent and accessible to average consumers. As stocks and cryptocurrencies enhance risk, there may be an opening for services that support investment decisions and offer alternati...
2021-05-18 | consumers spending
... finances and investing and saving for the future," said Frerichs. "These apps ignite an initial interest that we hope continues to grow, leading to a desire to activate a more strategic, long-term financial plan so they are able to weather a lot of different storms on their journey to retirement and then another 30-35 years after that." Source: COUNTRY Financial...
2021-05-12 12:00:01 | advice financial planning
... ...
2021-05-10 12:00:01 | investing
... point since the beginning of the pandemic. The Federal Reserve also held interest rates near zero and announced plans to continue to support the economic recovery. Source: TD Ameritrade, Inc. ...
2021-05-07 | retirement healthcare
... spects of retirement planning. By providing this estimate for retirees, we want to increase awareness among people of all ages to help them proactively get more engaged in saving and investing, so they can be better prepared in years to come.” Broader awareness is much needed, as 58% of current employees say they have spent little or no time thinking about what they need to cover in retirement. Even among those who have, 50% believe they’ll need just $50,000 or less to meet health care expenses4. Fidelity’s estimate assumes both members of the couple are enrolled in traditional Med...
2021-05-06 | investing
... they are in a better position to protect their assets if they are the lead decision-maker. “It’s hard to believe that in 2021 only 20% of couples are equal partners in investing. Old gender norms and stereotypes still hold too many women back,” said Paula Polito, Divisional Vice Chairwoman at UBS Global Wealth Management. “Ironically, men and women agree that to have true gender equality, women need to participate in money matters. Yet, even with the world changing in so many other ways, we are still not making enough progress on this front.” Millennials are behind the curve o...
2021-05-04 | charitable giving
... g. Half of donors have purchased products from a socially responsible business. One-in-five donors have engaged in impact investing and considered social or environmental implications when making investment decisions. Seven-in-ten donors said that it’s important to work for a company engaged in corporate social responsibility. Largely driven by generational change, these trends could become more mainstream as younger donors come to control a larger share of wealth. Millennials are more likely than older generations to use newer methods of giving back. In fact, two-thirds ...
2021-04-27 09:18:23 | investing
... ponses from 4,895 investors who make all their investment decisions without the counsel of a full-service dedicated financial advisor. The study was fielded from December 2020 through February 2021. ...
2021-04-20 12:00:06 | investing payments
... dings include: More women than men are among those interested in getting into crypto soon, making up 53% of those crypto curious reporting interest about investing in the asset class. Looking deeper, only a quarter of these crypto-curious women are under the age of 35, and 25% are near retirement at 55 or older. Education is crucial in converting crypto-curious consumers to actual holders, with 39% of those who don't hold cryptocurrency considering themselves "somewhat or very" knowledgeable about cryptocurrency, but 60% identifying as "not very" or "not at all&qu...
2021-04-19 12:00:10 | millennials retirement
... e number-one benefit. Source: Nationwide Retirement Institute® ...
2021-04-19 12:00:01 | ESG investing
... now. Further, 66% of advisors are confident (somewhat or very) in acquiring new clients today and 56% expect to see improvements three years from now. Source: Broadridge Financial Solutions, Inc....
2021-04-15 12:10:00 | investing
... ed on responses from 4,392 investors who make some or all of their investment decisions with a financial advisor. The study was fielded from December 2020 through February 2021. Source: J.D. Power...
2021-04-14 12:01:00 | demographics investing
... , and outlines specific ways for businesses to take action—whether that be through addressing untapped audiences, introducing new services, or investing in product innovation. The four opportunities are as follows. Life Outside the Lines: Money is becoming less tied to gender and life stage as modern realities upend tradition. Rising costs and a shift away from tradition are upending old money milestones, like whether to go to college or university, when to get married and having children. Opportunities for brands include Fem-Finance—a shift from money management by and for men and to p...
2021-04-14 12:00:01 | demographics investing
... Millennials are up-and-comers in the market Millennials (born 1981 – 1996), the fastest-growing generation in numbers of investors studied, will continue to grow within the Mass Market segment and beyond. Millennials grew as a percentage of overall U.S. investors studied from 9% to 14% over the period and Gen X (born 1965 – 1980) grew from 24% to 27%. Boomers (born 1946 – 1964) decreased as a total percentage of investors studied from 46% to 43% and the Silent Generation (born 1928 – 1945) also declined as a percentage of investors from 20% to 14% – but both still comprise 57% of ...
2021-04-13 12:00:01 | investing pandemic
... ing and investing platforms and tools, visit etrade.com. Referenced Data When it comes to the current market, are you? Q2'21 Q1'21 Q4'20 Q3'20 Q2'20 Q1'20 Bullish 61% 57% 52% 51% 38% 61% Bearish 39% 43% 48% 49% 62% 39% What grade would you give the current state of the U.S. economy right now? Q2'21 Q1'21 Top 2 Box 46% 31% A 14% 5% ...
2021-04-13 | pandemic investing
... fe...
2021-04-08 14:00:00 | retail travel
... mer-behavior. The IBV continues conducting research to regularly draw insights on consumer behavior since April 2020, about how COVID-19 has impacted their outlook and preferences. Source: IBM...
2021-04-08 12:00:59 | investing
... ...
2021-04-06 12:00:00 | pandemic affluent
... equity for all employees and supports charitable efforts aligned with their own. “No matter where our clients are on their investment journey, we’re seeing high levels of engagement with educational resources, the latest insights from our Chief Investment Office, and personalized guidance aligned to their life goals,” said Levine. “In doing so, our clients are redefining what it means to be an informed investor.” Source: Bank of America ...
2021-04-05 12:00:05 | consumers
... coverage and how insurance works. Comprehending risk: understanding uncertain financial outcomes. Go-to information sources: recognizing appropriate sources and advice. Source: TIAA Institute...
2021-04-01 16:00:00 | demographics investing
... ...
2021-04-01 15:00:00 | retirement investing
... dent that investing a portion of their paycheck into their employer 401(k) plan or other retirement savings account will help them build a nest egg. However, only a third of all investors (32%) report knowing exactly what investments their retirement plans contain, with women significantly less likely to know (23%) compared to men (39%). One-third of women (33%) also say they feel unprepared when it comes to selecting the investment options in their workplace retirement plan, with 1 in 10 (13%) saying they feel totally unprepared for making decisions about their plan, compared to only 4% of me...
2021-04-01 14:00:00 | pandemic investing
... und Investor did decidedly worse, showing signs of panic selling in March, leading to a yearly underperformance of 4.42% against the BloombergBarclays Aggregate Bond Index. Source: DALBAR, Inc. ...
2021-03-31 16:00:00 | pandemic investing
... ise. “Investors are paying closer attention to their finances and are making important changes to strengthen their financial situation.” Saving and investing for the long-term While other priorities have shifted, one has remained high on the list for most survey participants: preparing for retirement. Despite the pandemic, among those who had previously determined when they would retire, 69% of them said their goal has not changed. In fact, nearly one in five (18%) have accelerated their plans to retire, and of these respondents, 83% said the decision was voluntary. Only 13% of those...
2021-03-30 12:00:02 | economy demographics
... nvestors vs. 78% of all investors). By contrast, far fewer Black and African American investors reported that their own parents provided a lot or a fair amount of financial education to them growing up (33%). And despite doing more than their parents to educate their own children on finances, 41% of Black and African American investors think they should have provided more financial education to their children. “The idea of closing the wealth gap is important to Black and African American parents who invest,” said Dawkins. “They know that income and wealth parity starts with stro...
2021-03-24 12:00:00 | pandemic retirement
... ur future, regardless of age or income. The study findings clearly show that creating a plan for retirement can lead to a greater sense of confidence and control and ultimately give people a better feeling about where they stand at any age.” Extra Credit: Consider These Important Retirement Guidelines To create a strong and achievable plan, it can be helpful to understand where you need to go, and when it comes to retirement, the study uncovers several areas of opportunity when it comes to understanding important retirement rules of thumb. Among them: How much to save for retirem...
2021-03-24 09:43:31 | pandemic housing
... home insurance company, finds a drastic shift in homeowner behavior during the pandemic. Hippo’s findings signal a new era of homeownership in which homeowners take on a more active role in investing in their homes, driven by an increased desire for added comfort and an inherent need to protect what has become most Americans’ largest financial asset. In the past year, twice as many homeowners spent $10,000 or more on their home than in the previous year. Even as pandemic-fueled social restrictions decline and people begin to return to work and school, 71% of homeowners said they will con...
2021-03-09 08:11:04 | technology investing
... tocurrencies." Personal Capital reported an increase of 33% in new assets under management for the year of 2020, and now serves over 26,000 wealth management clients. Source: Personal Capital...
2021-02-25 | investing demographics
... plan participants invest 26 percent more per month toward their retirement accounts than Black 401(k) plan participants ($291 vs. $231). Beyond investing, the survey finds that Black Americans are less likely than white Americans to own almost every kind of financial vehicle, with the exception of whole life insurance, which is favored in the Black community. They are also less likely than white Americans to have written wills, financial plans, or retirement plans. For Black Americans, disparities grow every month; while they save $393 overall per month, whites are saving 76 percent mor...
2021-02-22 14:00:00 | investing demographics
... e one in three investors (30%) over 40. 27% of younger investors are shorting more; 11% are shorting for the first time. "The convergence of the bull market, ease of online investing and trading, and Covid stay at home orders has created a sea change in the investment landscape. We have seen how retail investors transformed the market with the activity in meme stocks. This pandemic period has been history in the making and our data underscores the retail reckoning that has been coming for a long time," said Dan Pipitone, TradeZero America co-founder. The survey was conducted online in Jan...
2021-02-22 | investing demographics
... se communities are introducing a lot of people to investing, which is one of the best ways to build wealth over a lifetime," he said. "A concern is that some are leading to relatively short-term trading concentrated in a few stocks with hopes of getting rich quick." This may seem good in a bull market, he said, but it's risky and can lead to significant losses if the market turns. Most people should have a long-term perspective with a balanced and diversified portfolio, he added. To view the full report, visit: https://www.magnifymoney.com/blog/news/young-investors-survey/. Methodology Ma...
2021-02-12 09:30:30 | pandemic saving retirement
... sion-making, up 7 percentage points from last year. More have opened lines of communication, with over half of parents who share investing decisions with a partner (55%) say they discuss investing with them frequently, up 6 percentage points from last year. Parents who made decisions alone tended to express regret about their decisions, with 43% saying that they feel guilty after making a financial decision without telling their partner, increasing 4 percentage points from last year. “In unpredictable and chaotic times like we’ve experienced recently, it is encouraging to see pare...
2021-02-09 | investing
... as their top concern for the months ahead. Notably, however, focus on all three areas was lower in Q4 compared to Q2, in the early months of the COVID-19 crisis. Source: The Conference Board ...
2021-02-05 | investing
... ors build essential investment knowledge and skills. Differences also emerged among new investors by age and race/ethnicity when survey respondents were asked what prompted them to open a new account in 2020. And across all categories of investors, there were stark contrasts surrounding investment goals, risk taking, trading behaviors and investment decision-making. Source: FINRA...
2021-01-28 09:30:30 | pandemic women retirement
... han two-thirds of (67%) women and men said that they did not feel pressure to revise their investing strategy over the next 12 months. While women and men were most likely to protect against market risk using diversification (52% and 59%) and fixed annuities (39% and 34%), women were nearly twice as likely as men to say they used Fixed Indexed Annuities (26% vs 15%), while they were far less likely than men to use Registered Indexed Linked Annuities (3% vs 16%). To help protect against outliving their savings, women and men were most likely to use Social Security (both 68%) and defined ben...
2021-01-28 | housing
... level this century Institutional investors nationwide accounted for 2.2 percent of all single-family home and condo sales in 2020 – the lowest level since at least 2000. The latest figure was down from 3.2 percent in 2019 and 3 percent in 2018. Among metropolitan statistical areas with a population of at least 200,000 and sufficient institutional-investor sales data, those with the highest levels of institutional-investor transactions in 2020 were Memphis, TN (7 percent of sales); Atlanta, GA (6.8 percent); Laredo, TX (6.2 percent); Fort Wayne, IN (6.2 percent) and Montgomery, AL (6.1 pe...
2021-01-26 | credit
... ns, 67 percent of White Americans, and 79 percent of Asian Americans. "I was never taught [about finances] growing up," said a Black American survey respondent. "I was told investing was only what rich people could do." Asian Americans, in contrast, say they are thriving in the credit system. More than 80 percent of Asian Americans have a good or excellent credit score (a credit score above 640), significantly higher than the national average of 61 percent. Additionally, 92 percent of this group reported having a positive or neutral experience with their credit. "While the credit syst...
2021-01-25 12:00:30 | pandemic investing
... n stocks, financial learning Interestingly, about 1 in 10 Americans have either increased their investments in stocks and bonds (11%) or started investing for the first time (7%). Often overlooked, financial education can be a valuable tool in driving financial resilience and stability, which some generations are prioritizing more than others. One-third of Millennials (31%) indicated that increasing their financial knowledge is a priority, significantly higher than their older and younger counterparts, including Zoomers (22%), Gen X (22%) and Baby Boomers (14%). As highlighted during mar...
2021-01-08 12:00:00 | stock market investing
... e a month), and passive (trade less than once a month). The panel is 60% male and 40% female, with an even distribution across online brokerages, geographic regions, and age bands. Source: E*TRADE...
2021-01-06 | housing mortgages millennials
... , president, ICE Mortgage Technology. “Lenders are continuing to manage the refinance pipeline by investing in virtual solutions such as eClosing, online borrower portals, and virtual verifications, and turning this boom in loan volume into business growth.” The Ellie Mae Millennial Tracker divides millennials into two groups: older millennials – borrowers between 30 and 40 years old, and younger millennials between 21 and 29 years old. For older millennials, refinance share reached 52% in November, more than double the refinance share of younger millennials at 24%. Both millennial su...
2021-01-04 09:32:54 | pensions retirement
... l/mid-capitalization equities realized gains of 20%. Aggregate bonds recognized gains of 8%, while long corporate and long government bonds, typically used in liability-driven investing strategies, realized gains of 13% and 18%, respectively. “Over the past several years, declining interest rates have erased the gains from strong investment performance,” said Monica Martin, senior director, Retirement, Willis Towers Watson. “With limited improvement in funding levels and a low interest rate environment, sponsors will want to consider the effects the pensions may have on corporate earn...
2020-12-30 | retirement workplace pandemic
... values is important across all regions. Even in the US, where the notion of sustainable investing has not caught on like it has in other regions, 49% of those surveyed believe that retirement investments can be used to address sustainability, or environmental, social and governance (ESG), issues. "The data show that ESG is important to participants, and we believe that sponsors should help them understand how sustainability is addressed in the plan menu," concluded Barry. "While ESG factors and issues can change over time, we believe plan providers should consider investment managers who in...
2020-12-26 | retirement pandemic
... ell. "That only underscores how important it is to focus on the things you can control such as saving, investing and protecting your assets. A solid financial plan and a trusted advisor can help." Working Longer One in five (21%) U.S. adults expect to work past the traditional retirement age of 65. Among those who do, nearly half (45%) say it's because of necessity and 55% say it's because of choice. Taking a closer look at those who plan to work out of necessity, the top reason cited was not having enough saved to retire comfortably at 60%. Other top reasons include: I do not ...
2020-10-02 12:00:00 | investing income
... vidends and interest income, if any, weekly, although there is no guarantee these payouts will be made. TGIF is an actively managed fund that seeks to achieve its investment objective by investing in U.S. dollar-denominated investment grade and non-investment grade securities and instruments. The fund plans to distribute income from its investments to shareholders every Friday. The fund is the latest addition to SoFi's innovative family of ETFs, after launching its first four ETFs last year, SoFi Select 500, SoFi Next 500, SoFi 50, and SoFi Gig Economy ETFs. "At SoFi, our mission is to h...
2020-08-20 09:26:29 | retirement
... activity related to the pandemic. The latest recordkeeper data indicate that plan participants remained committed to saving and investing: preliminary estimates indicate that only 2.0 percent of DC plan participants stopped contributing to their plans in the first half of 2020, a typical rate across the majority of the 12 years ICI has tracked these data. That compares with 1.3 percent in the first half of 2019, and 4.6 percent in the first half of 2009 (another time of financial stress). “These data reflect the long-term mindset of retirement savers,” said Sarah Holden, ICI senior d...
2020-06-25 09:26:29 | advice
... ty to increase the size of their eligible market and to educate a wider group of people about the benefits of planning and investing. While attracting diverse clients can be done in a variety of ways, many firms are focusing their efforts on engaging with specific groups. Of those firms taking DE&I actions, 73% have efforts aimed at attracting women clients, 47% at attracting race and ethnic-based groups and 46% at attracting the LGBTQ community. Advisors indicate a client’s age and physical or mental ability require the most tailored planning experience, outside of specific programs....
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