- Parents: College Costs Aren’t Are Responsibility (But Most Kids Expect Them To Cover)
Discussing saving for college is 'almost as awkward as discussing sex, drugs, and school safety'
T. Rowe Price's 2019 Parents, Kids & Money Survey, which sampled 1,005 parents of 8- to 14-year-olds and their kids, found that more than one-third of parents are uncomfortable discussing saving for college with their kids and few of them are having frequent conversations about saving for college.
read more - Enter The Age Of… Push-Button Senior Care?
China pilots internet-based nursing program for the elderly
If you live in China, you will be familiar with the rapid popularization and extensive use of the mobile internet. Following online shopping, ride hailing, and food delivery, in recent years, an internet-based nursing care program has also entered the lives of many Chinese people.
read more - The Self-Employed Are Defying Retirement While Overlooking Essential Preparations
Examining the preparations, expectations, and vulnerabilities of the self-employed
Only 26 percent of the self-employed are "very much" looking forward to retirement according to findings from Self-Employed: Defying and Redefining Retirement, a new study released today by nonprofit Transamerica Center for Retirement Studies® (TCRS).
read more - Only Half of College Students That Borrow Student Loans Feel Confident They Can Repay
43% want a job where student loan repayment is a part of the benefits;
Tips on how to borrow smart
For many students, student loans are a part of the college experience: 43% borrow (or currently borrow) federal student loans and 12% borrow (or currently borrow) private student loans, according to the College Ave Student Loans survey of 1,019 undergraduate students conducted by Barnes & Noble College InsightsSM. Of those borrowing, only half (49%) feel…
read more - The Cut: Exploring Financial Wellness Within Diverse Populations
We are a nation almost equally split between those who are financially healthy and
those who are struggling
The financial experience of Americans is as varied and diverse as the country we call
home. While Americans from all backgrounds share common financial goals and worries—
most revolving around meeting day-to-day expenses and saving for retirement—many are
impacted by additional factors that underlie and sometimes impede our ability to achieve
financial security.
read more - Generation Z Is Goal-Oriented And Motivated To Pursue Enjoyable Careers…
... But uncertain about how To manage finances
The youngest generation of American adults are goal-oriented and have the desire to be self-driven, with 81% reporting they have specific goals for the next five to 10 years, according to the latest findings from Northwestern Mutual's 2019 Planning & Progress Study
read more - Why Health Needs to Be Part of Retirement Planning
Total, actuarial cost of healthcare for the average retiree is now projected at $387,644 in today's dollars
A white paper from HealthView Services, Why Health Needs to Be Part of Retirement Planning, provides new data detailing the projected cost of healthcare, the impact of health conditions, and strategies to plan for, manage, and even reduce healthcare costs in retirement.
read more - Retirement’s Generational March
Baby Boomers, Gen Xers and Millennials have contrasting post-career expectations
American Advisors Group (AAG), the leading provider of home equity solutions for retirement, has released its national Dream Retirement Survey. The nationwide survey of Millennials, Gen Xers and Baby Boomers was conducted using the digital survey platform Pollfish.
read more - Transitioning to Retirement
New LIMRA SRI research finds 1 in 5 continue to work in retirement
There was a time when someone would circle a date on their calendar to mark when they would stop working altogether and begin retirement. Things have changed. Today retirement is better defined as a transitional period rather than a singular point in time.
read more - Great American Life Rallies for Industry Change and Overcomes Major Taxation Hurdle for Fee-Based Annuities
Advisory fees may be withdrawn from a non-qualified fixed-indexed annuity without creating a taxable event for the client
Great American Life® is pleased to announce it received a Private Letter Ruling (PLR) from the IRS that changes the tax treatment of advisory fees. The PLR was issued on August 6 and states that advisory fees may be withdrawn from a non-qualified fixed-indexed annuity without creating a taxable event for the client.
read more - Customer Satisfaction Slips Again, Further Threatening Economic Growth
If not for unusual Q2 consumer spending, GDP growth would be dismal
Overall U.S. customer satisfaction retreats for a third consecutive quarter, falling 0.1% to a score of 76.4 (on a scale of 0 to 100) on the American Customer Satisfaction Index (ACSI®).
read more - Financial Advice: Consumers Weigh in on Subscription Pricing, Flat Fees and Other Pricing Options
Consumers Prefer Clear Minimum Requirements and Want to Pick and Choose
Consumers respond favorably to the ability to choose among service model options when shopping for advice and financial services, with greater receptivity to flat fees vs. other ways to pay, according to the latest report by Hearts & Wallets, the source for retail investor data and insights.
read more - Socially Responsible Investing and ESG: It’s Not Just a Millennial Trend
Older generations are also putting their values into action
While millennials seem to be the generation most interested in applying their ideals on environmental, social and governance (ESG) issues to their finances, Gen Xers and baby boomers are also expressing growing interest...
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