- How Are Investors Reacting To Today’s Market Conditions?
Investors are putting less in the stock market to pay for everyday essentials
Despite wanting to invest, today’s market conditions have more than three-quarters (77%) of investors concerned about fluctuations in the market and two-thirds (66%) say they are nervous about their money, according to a new study by Wells Fargo & Company.
read more - Prioritizing Sustainability When Planning For Retirement
Voya supports DOL’s final ruling on ESG investing in retirement plans
Voya Financial, Inc. (NYSE: VOYA), is pleased to recognize the Department of Labor’s (DOL) final rulemaking on “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”
read more - Despite Continued Volatility, Retirement Fundamentals Remain Sound
401(k) savings rates stay strong despite growing financial concerns by participants
Not surprisingly, ongoing market swings and concerns about inflation continue to cause financial stress among retirement savers. In fact, according to recent Fidelity Investments® research[1], the percentage of individuals with negative feelings about their finances (32%) is now greater than those who have positive feelings (30%), which is a stark contrast to just a year…
read more - Resilient Retirement Savers Shifting Focus To Short-Term Needs
Inflationary pressure and sharp market declines are taking a toll on retirement savers as they are forced to prioritize short-term financial challenges over longer-term goals
Rising prices and inflation are certainly affecting American workers but despite the economic environment, Americans remain resilient -- and more than 63 percent of Americans are confident they are financially on track for retirement.
read more - Retirement Readiness: An Increasingly Difficult Goal To Achieve
Financial concerns, like persistent inflation and future healthcare expenses, are impacting people's level of retirement preparedness
Only 40% of Americans have ‘very much’ or ‘somewhat’ been able to achieve the retirement planning goals they have set for themselves, according to a new Retirement Readiness Survey* by diversified financial services leader Thrivent.
read more - Third Quarter 2022 Annuities Industry Results
Bank channel drives record annuity sales in third quarter 2022
For the second consecutive quarter, bank sales propelled fixed-rate deferred (FRD) and fixed-indexed annuity (FIA) sales to reach record levels. FRD sales in banks jumped 243% in the third quarter and bank FIA sales leapt 61%.
read more - Amid The War For Talent, Don’t Forget The Retirement Plan
A workplace retirement plan is just as important for employee retention as a competitive salary and flexible work arrangements
Voya Financial, Inc. (NYSE: VOYA), is releasing new findings from a consumer research survey revealing that, while the broad scope of workplace benefits and savings offerings for employees continues to evolve, the employer-sponsored retirement plan remains a critical component to attracting and retaining talent.
read more - Understanding The Importance Of Long Term Care Planning
Do consumers really understand long-term care insurance?
November is National Long-Term Care (LTC) Awareness Month, a national conversation on long-term planning in the event that individuals need support with everyday living. Long-term care involves services, both medical and non-medical, provided to people who cannot perform basic activities of daily living such as dressing or bathing.
read more - Women Ready To Double Down In The Face Of A Possible Recession
Two-thirds of women see a recession ahead, but plan to double-down on retirement savings
New research released today from HerMoney and the Alliance for Lifetime Income reveals that over two-thirds (68 percent) of women see a U.S. recession ahead. However, in these uncertain times—when just two percent say they doubt or don't believe a recession is imminent—women are doubling down to secure their financial futures.
read more - How Is Inflation Affecting American’s Financial Strategies?
Americans adjust debt management and investment strategies as inflation continues to pose challenges
As inflation continues to pose challenges for American adults’ financial strategies, New York Life’s latest Wealth Watch survey has found that people are coping by adjusting debt management and investment strategies, although the financial guidance informing these strategy adjustments varies by generational cohort.
read more - New Perspectives On Caregiving Support
Finding yourself unexpectedly as a primary caregiver for a loved one can be overwhelming
“My life changed in an instant,” said Rosemarie Rossetti during Guardian Life’s webinar, The Inaccessibility of Accessibility: Helping family caregivers find the resources they need.
read more - Consumers Are Underprepared For A Long-Term Care Event
Consumers need the help of the financial services industry to better understand long-term care
The pandemic brought consumer awareness about the need for life insurance, but it didn’t have the same impact on long-term care planning, according to new research from a 2022 OneAmerica consumer study on long-term care.
read more - S&P Losses And It’s Effect On Retirees’ IRA Values
Despite recent S&P losses of nearly 25%, Federal Government still requires retirement withdraws
The S&P is down almost 25% by September of 2022, some indices are down over 30%. Even so, most retirees 72+ years of age are still forced to take required minimum distributions (RMDs) from their retirement accounts. Without stopgap legislation to halt that rule, Federal law demands those withdrawals proceed regardless of retirees' concerns about…
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