Retirement Income / Annuities

  • All in the Dysfunctional Family
    All in the Dysfunctional Family

    Generational business fails and what to do about them

    by Kate Zabriskie

    Anyone in a family business knows that according to many statistics, the chance of the business surviving declines with each handoff to the next generation. What causes the drop off? Among the myriad of reasons, times change, dedication levels vary, and talent isn’t always genetic.
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  • Employee’s Capacity To Undertake Change In The Workplace Has Plummeted
    Employee’s Capacity To Undertake Change In The Workplace Has Plummeted

    During a time when change is the antidote organizations need to reset and rebuild

    The amount of change that the average employee can absorb without becoming fatigued in 2020 has been cut in half compared to 2019, according to Gartner, Inc. Amid worries about the economy, job security, their health and the health of their loved ones, employees’ capacity to take on change in the workplace has plunged significantly.
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  • Most Believe the 2020 COVID-19 Economy is Worse than the 2008 Great Recession
    Most Believe the 2020 COVID-19 Economy is Worse than the 2008 Great Recession

    Whether its forced withdrawals from savings/retirement accounts, supporting family/friends, or simply paying bills, many are feeling the harrowing sting of the pandemic

    More than half of U.S. adults (51%) believe the COVID-19 economy is worse than the 2008 Great Recession, according to a study released today by Edelman Financial Engines, the nation’s largest independent financial planning and investment advisor.
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  • Americans Are Maintaining Healthy Credit Profiles During COVID-19
    Americans Are Maintaining Healthy Credit Profiles During COVID-19

    Latest State of Credit report highlights less credit card debt, lower utilization rates and fewer missed payments year-over-year

    In a continued effort to educate consumers about factors influencing their financial health, Experian® today released key findings from its 11th annual State of Credit report, which examined how consumers are managing their credit histories against the backdrop of the COVID-19 pandemic.
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  • Employees With Company Stock Plans Seek More Advice
    Employees With Company Stock Plans Seek More Advice

    Uncertainty of the times driving participants to reprioritize short, long term goals

    New research from Schwab Stock Plan Services shows the impact of the COVID-19 pandemic on equity compensation plan participants’ decisions. The survey finds that of those who recently exercised or sold equity compensation, two-thirds (67%) were influenced by the market volatility and economic downturn related to the pandemic.
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  • Most Boomer Investors Are Confident About Their Retirement
    Most Boomer Investors Are Confident About Their Retirement

    Four in five believe they will have a better retirement than their parents, despite pandemic and market uncertainties

    Amidst a global pandemic, economic uncertainties and an election looming, Boomers invested for retirement are confident that they will still enjoy their golden years. According to the Charles Schwab 2020 Modern Retirement Survey, more than 80 percent of both those who have retired and those who are soon-to-retire are satisfied or confident their lifestyle will…
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  • Small Businesses Feel Biggest Impact of Coronavirus Pandemic
    Small Businesses Feel Biggest Impact of Coronavirus Pandemic

    Forty-three percent of those say the impact was significant to severe

    Small- and mid-sized businesses in the U.S. have demonstrated a disproportionate impact from the COVID-19 pandemic, with over 43% surveyed reporting a significant to severe impact, according to findings from the CBIZ Main Street Index. The index found the majority (84%) of businesses surveyed realized some impact from the pandemic and corresponding economic slowdown
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  • Women’s Health Care Costs in Retirement Projected to be $200,000 More than Men’s
    Women’s Health Care Costs in Retirement Projected to be $200,000 More than Men’s

    Small steps can make a big difference in bridging the Women’s Longevity Gap

    Health care costs are a major expense during the Women’s Longevity Gap, the period in which a woman will need to cover expenses single-handedly after the death of a male spouse or partner, according to recent data from HealthView Services, the nation’s leading provider of health care cost projection software. The company estimates that in…
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  • Pandemic Forces Financially Harmful Actions
    Pandemic Forces Financially Harmful Actions

    More than half regret borrowing from their retirement funds

    Millions of U.S. workers have admitted to withdrawing or borrowing money from their retirement plans, an action made easier by the CARES Act, but most who did so (55%) now regret it, according to research by Edelman Financial Engines.
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  • Guaranteed Income Benefit In Retirement Plan A Deciding Factor For Job Seekers
    Guaranteed Income Benefit In Retirement Plan A Deciding Factor For Job Seekers

    Two-Thirds of workers said these solutions would make it easier to budget their money in retirement and they would feel more confident in preparing for retirement

    If employers want to “wow” current and prospective employees, they should offer a guaranteed income option within their retirement plan, according to new research from Lincoln Financial Group (NYSE: LNC). Findings from a new consumer survey reveal that workers indicate a strong preference for employers that offer a guaranteed income option in their retirement plan,…
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  • Impact of CARES Act Distribution Provisions on Government DC Plans
    Impact of CARES Act Distribution Provisions on Government DC Plans

    More recordkeepers reported implementing deferred loan repayments

    In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed, with specific implications for defined contribution participants. The Public Retirement Research Lab (PRRL), a joint program of EBRI and NAGDCA, subsequently surveyed federal, state, and local government defined contribution (DC) plan recordkeepers about their experience with CARES Act loan and distribution…
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  • Consumer Interest in Guaranteed Retirement Income Options Remains High
    Consumer Interest in Guaranteed Retirement Income Options Remains High

    As they recognize a ‘distinct lack of confidence’ that money will last through retirement

    Americans with employer-sponsored retirement plans continue to express high levels of interest in guaranteed lifetime income options according to a recent study* from Allianz Life Insurance Company of North America (Allianz Life). The findings indicate that 71% of participants in an employer-sponsored plan would like an option that offers guaranteed income for life in their…
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  • Pandemic Continues Producing Persistent Widespread Financial Anxiety
    Pandemic Continues Producing Persistent Widespread Financial Anxiety

    With no end in sight, global perceptions of health and well-being remain weak

    Cigna's (NYSE:CI) International Markets business today published the third edition of its COVID-19 Global Impact Study, which sheds new light on the impact of the virus on global perceptions of health and well-being.
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