Retirement Income / Annuities

  • Ninety One Million Americans Fear Maxing Out Their Credit
    Ninety One Million Americans Fear Maxing Out Their Credit

    How do you define 'large purchase'?

    More than 1 in 3 people are afraid they'll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey released today. This concern is well-founded, considering Americans began 2020 with over $1 trillion in total credit card debt.
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  • Worry While You Work…
    Worry While You Work…

    Employees Worrying at Least Once a Week About Personal Finances

    John Hancock Retirement today announced the results of its sixth annual Financial Stress Survey of retirement plan participants, revealing the weight of financial stress on workers and its impact on employers. The survey reports that more than half of respondents worry about personal finances at work at least once a week, causing workplace distraction and…
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  • Bringing Healthcare Home…
    Bringing Healthcare Home…

    Nationwide makes investments in Vesta Healthcare

    Given the choice between receiving health care in the hospital or their homes, Americans would prefer the latter. A recent study by the Nationwide Retirement Institute revealed that three in four older adults would prefer to receive long-term care in their own homes.
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  • Baby Boomers Only Slightly Ahead of Millennials When It Comes To Retirement planning
    Baby Boomers Only Slightly Ahead of Millennials When It Comes To Retirement planning

    More than half of millennials and Gen Xers, as well as over one-third of boomers, haven't started retirement planning, NAPFA survey shows

    Going into 2020, more than half (59%) of millennials haven't considered their options for retirement. However, this trend is not limited to younger Americans.
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  • QLAC: A Way to Secure Retirement Income Later in Life
    QLAC: A Way to Secure Retirement Income Later in Life

    Turn some of your traditional IRA or 401(k) into lifetime income

    Turning age 72 is an important milestone if you have a traditional IRA or 401(k). That's when you must begin taking mandatory minimum yearly withdrawals, known as required minimum distributions (RMDs) from these accounts.
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  • Failed Resolutions Déjà vu
    Failed Resolutions Déjà vu

    Good economy or bad, Americans are still making financial New Year's resolutions - and still not keeping them

    Over the past three years, Debt.com has surveyed almost 5,000 people and found that about two-thirds consistently say they have a financial New Year resolution, but most of them also say they didn't keep last year's financial resolution.
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  • Understanding The Emerging Impact of Student Debt
    Understanding The Emerging Impact of Student Debt

    Slow repayments of US student loans will remain key driver of growing balances as new borrowing slows

    Student loan debt in the US (Aaa stable) was the fastest growing type of household debt in the last decade. In this report, we examine the factors contributing to the growth in student loan balances, and also highlight the social and credit implications of this rising burden.
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  • In Search Of Diversification, Yield and Return
    In Search Of Diversification, Yield and Return

    J.P. Morgan releases 2020 alternatives outlook to help Clients identify alternative investments

    J.P. Morgan Asset Management today released its second annual Global Alternatives Outlook, providing a 12-18-month outlook across key alternative asset classes and highlighting the views of the CEOs, CIOs and strategists from the firm's 15 distinct alternatives investment engines.
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  • 40% of Older Americans Rely Solely on Social Security for Retirement Income
    40% of Older Americans Rely Solely on Social Security for Retirement Income

    Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, Pension & Savings

    Only a small percentage of older Americans, seven percent, receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to be the ideal situation to ensure retirement security, particularly for the middle class. Retirees with these three sources of income are far…
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  • Risk of Pension Meltdown Grows Due to Inaction by U.S. Congress
    Risk of Pension Meltdown Grows Due to Inaction by U.S. Congress

    House & Senate laid out blueprints in 2019... with very different visions... but failed to reach agreement

    The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.
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  • ACLI President: Elitist Proposal Denies Choices To Bay State Retirement Savers
    ACLI President: Elitist Proposal Denies Choices To Bay State Retirement Savers

    Understanding the fiduciary-only standard

    American Council of Life Insurers (ACLI) President and CEO Susan Neely published the following opinion piece today on ACLI's news and views site, IMPACT, about Massachusetts's proposed fiduciary standard...
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  • The Future Of Insurance…
    The Future Of Insurance…

    A new decade of change and innovation awaits

     by Denise Garth

    Prior to the holidays, we published our newest thought leadership report, Future Trends – Looking Back and Leaping Forward, and hosted a webinar that covered this report as well as early highlights from our upcoming 2020 Strategic Priorities research.
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  • Health Savings Account Balances Show Continued Growth
    Health Savings Account Balances Show Continued Growth

    Analyzing the state of and the individual behavior in HSAs

    According to a new EBRI report, average health savings account (HSA) balances increased from $1,990 in 2011 to $2,803 in 2018. “Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2018: Estimates From the EBRI HSA Database” is a longitudinal study from EBRI’s HSA database, examining trends in account balances, individual and employer contributions,…
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