Retirement Income / Annuities

  • Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for October 2020
    Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for October 2020

    While money market funds saw outflows of nearly $50 billion, marking the fifth consecutive month of outflows from those funds

    Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for October 2020. In the lead up to November's elections, long-term mutual funds and ETFs collected $13 billion in October—on par with inflows from September and marking the seventh consecutive month of inflows.…
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  • Many Have Inadequate Savings for Retirement
    Many Have Inadequate Savings for Retirement

    53% within 20 years of retirement expect to retire with less than $100K in savings

    Results from a new MoneyRates.com survey show that many Americans aren't taking basic steps to plan for retirement. Despite questions surrounding the future of retirement programs such as Social Security and Medicare, the personal finance website finds that large percentages of those approaching retirement age and those already retired are financially unprepared.
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  • 72% Of Americans Now Plan to Work In Retirement
    72% Of Americans Now Plan to Work In Retirement

    As more and more are feeling income shocks and waning confidence in their finances

    The latest SimplyWise Index found that 62% of Americans are more concerned about their retirement today compared to a year ago--up from 56% this May. This may be due to COVID-19-related unemployment and economic uncertainty which, like the pandemic itself, have disproportionately affected minorities and older workers.
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  • Ready for a Bear Market?
    Ready for a Bear Market?

    Investors differ on what constitutes a bear market, and few are equipped to handle it

    The stock market can be a bear. As it cycles through both bull and bear stages, investor attitudes shape how they react to events. Still, many are unclear about stock market cycles and may be ill-equipped to assess the impact of major economic events such as the pandemic or the election, explains MoneyRates.com.
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  • Gender Gap in Retirement-Planning
    Gender Gap in Retirement-Planning

    Working with a retirement planner can help couples feel they share a good financial understanding with their spouse or significant other

    As cries for equal compensation ring loudly ahead of Equal Pay Day on November 2, MoneyRates.com's survey of 1,000 men and women reveals a retirement-planning gap exists in addition to the known wage gap. With reports of tensions already running high among couples during the COVID-19 pandemic, many may not think turning to a financial…
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  • Politics & Portfolios
    Politics & Portfolios

    Post-election economic & market views among Republicans and Democrats

    E*TRADE Politics & Portfolios Study reveals economic and market views among republican and democrat investors post election. While Republicans and Democrats diverge on economic outlook, a significant portion of both parties is not bullish on the market
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  • Kaplan Company Announces Launch Of The Accredited Behavioral Finance Professional Program
    Kaplan Company Announces Launch Of The Accredited Behavioral Finance Professional Program

    First advisor-focused behavioral finance designation from an accredited college or university

    With new data showing that 90% of financial professionals believe that behavioral finance training would help them build their client base and deepen relationships with existing clients, the College for Financial Planning®—a Kaplan Company, today announced the launch of the Accredited Behavioral Finance Professional℠ program (ABFP℠), the first advisor-focused behavioral finance designation from an accredited…
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  • What Are The Challenges Facing Low Income Americans And Retirement Security?
    What Are The Challenges Facing Low Income Americans And Retirement Security?

    Many rely heavily on Social Security, while a wealth-gap grows between homeowners and renters

    Previous research has shown that low-income Americans rely heavily on Social Security income in retirement. In addition to this, there is a large wealth gap between homeowners and renters — the Harvard Joint Center for Housing Studies found that older homeowners in the lowest quarter of income-earners had non-housing wealth of $12,500, while older renters…
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  • Value of Financial Wellness Programs On Display During Pandemic
    Value of Financial Wellness Programs On Display During Pandemic

    Clients seek security in the face of uncertainty & volatility

    When faced with economic uncertainty and market volatility at the onset of the COVID-19 pandemic, employees flocked to company financial wellness programs—financial resources and experts they knew were at the ready to utilize immediately.
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  • US Stock Dividends Dropped 3.9% While Global Dividends Fell 11% in Q3
    US Stock Dividends Dropped 3.9% While Global Dividends Fell 11% in Q3

    Still, dividends have remained firm, thanks to share buy-backs

    As the pandemic continues to reshape the economic landscape, its impact on the dividend-paying capacity of the world’s companies has become clearer. According to the latest edition of the Janus Henderson Global Dividend Index, US dividends have proven to be resilient amid recent economic headwinds.
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  • Longer Life In Retirement Signals Need For Lifetime Income Strategies
    Longer Life In Retirement Signals Need For Lifetime Income Strategies

    Some retirees outliving savings, others spending less than they’ve accumulated

    Guaranteed income strategies have emerged as underutilized methods to not only help people save for retirement but also provide a stream of income to sustain them during potentially longer life spans. The new study from the Longevity Project in collaboration with Principal Financial Group® and the Stanford Center on Longevity, explores the implications of longevity…
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  • COVID-19 Pandemic Shifts Caregiving Responsibilities
    COVID-19 Pandemic Shifts Caregiving Responsibilities

    Members of the Sandwich Generation anticipate being caregivers for six or more years

    A new report released today by New York Life shows surprising changes in the demographics of the Sandwich Generation – those who care for both their children and aging parents – as well the financial responsibilities facing this generation as a result of CO
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  • Self-Directed 401(k) Balances Show Steady Growth in Q3
    Self-Directed 401(k) Balances Show Steady Growth in Q3

    Advised accounts reflect broader diversification and higher account balances

    According to Charles Schwab’s SDBA Indicators Report, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), the average account balance across all participant accounts finished Q3 2020 at $302,256, a 9% increase year-over-year and a 6% increase from Q2 2020.
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