Retirement Income / Annuities

  • Inflation Is Impacting Short-Term Spending & Saving
    Inflation Is Impacting Short-Term Spending & Saving

    Anxiety about inflation results in $243 less per month toward savings, but 72% of Americans expect to retire at their desired age

    The latest New York Life Wealth Watch survey revealed that while inflation is impacting short-term financial decisions, Americans report that their retirement strategies remain largely intact. In fact, 65% of adults report that as a result of inflation, they are cutting back on short-term spending to stay on track with their long-term financial goals. One-in-four…
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  • 60% Of US Adults Say The Pandemic Has Been Highly Disruptive To Their Finances
    60% Of US Adults Say The Pandemic Has Been Highly Disruptive To Their Finances

    Americans intend to maintain better financial habits but have regressed from last year, with personal savings dropping 15%

    More than two years into the pandemic, Americans have adapted to a new normal in their financial lives – they've improved their financial habits and expect them to stick; they've accounted for emergencies and risks; and they have far more confidence in themselves than the economy. That said, financial discipline isn't at the level it…
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  • Disability Insurance And A Secure Retirement Go Hand-in-Hand
    Disability Insurance And A Secure Retirement Go Hand-in-Hand

    The global pandemic brought to light the importance of protecting your income from sudden illness or injury

    Most people are familiar with the benefits of disability insurance to protect one’s income in the event they get sick or injured and unable to work. But beyond income protection, disability insurance can help safeguard retirement goals by preventing early withdrawals.
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  • Less Than Half Of Women Know How To Make Their Money Last In Retirement
    Less Than Half Of Women Know How To Make Their Money Last In Retirement

    Greater understanding needed to bridge the retirement savings vs. retirement income knowledge gap

    The Alliance for Lifetime Income and HerMoney's latest research finds that while nearly three in four (73%) women know what steps to take to build their retirement nest egg, less than half (47%) know how to make their money last throughout retirement.
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  • Limited COVID-19 Impact On US Life & Annuity Operating Performance Metrics
    Limited COVID-19 Impact On US Life & Annuity Operating Performance Metrics

    While there has been some increased volatility from quarter to quarter, there has not been a steady upward trend

    Benchmarking is essential to AM Best’s rating process, allowing us to compare the performance of a rating unit to its peers, composites, and the industry as a whole. AM Best examines absolute results and volatility levels across the industry.
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  • Majority Of Americans Feel The Federal Reserve Should Be Doing More To Address Inflation
    Majority Of Americans Feel The Federal Reserve Should Be Doing More To Address Inflation

    Despite that desire, Americans are worried about the impact of interest rate hikes

    Americans have a grim outlook on the U.S. economy, and nearly two-thirds (64%) feel the Federal Reserve should be taking a more aggressive approach to addressing inflation, according to a new survey by the Nationwide Retirement Institute.
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  • Interest In PEPs On The Rise
    Interest In PEPs On The Rise

    Small employers interested in learning more about pooled employer plans, not yet ready to implement

    More than half of smaller employers surveyed by the Secure Retirement Institute (SRI)—regardless of whether there is a retirement plan currently in place—are interested in learning more about pooled employer plans, or PEPs.
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  • Market Demand Increases For Financial Planning That Goes Beyond Just Money
    Market Demand Increases For Financial Planning That Goes Beyond Just Money

    Focusing on holistic financial planning and coaching clients on fulfilling their life goals and dreams

    Equitable, a leading financial services company and subsidiary of Equitable Holdings (NYSE: EQH), has launched a unique partnership and program curriculum with Columbia University. The program invites financial professionals to study specific curriculum focused on holistic financial planning and coaching clients on fulfilling their life goals and dreams.
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  • How Rising Longevity Is Influencing Americans’ Priorities And Planning
    How Rising Longevity Is Influencing Americans’ Priorities And Planning

    Many say they want to live for a century, but only if they’re living well

    Edward Jones’ and Age Wave’s latest representative study of more than 11,000 North American adults, “Longevity and the New Journey of Retirement,” examines the changing definition of retirement, the patterns of people’s experience in retirement and the keys to thriving along the way. Despite Americans’ worries about health care and long-term care costs in retirement,…
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  • 42.9% Of American Adults Have Less Than $25k Saved For Retirement
    42.9% Of American Adults Have Less Than $25k Saved For Retirement

    Results are skewed by gender, with 48.9% of women reporting having saved $25k or less compared to 35.6% of men

    A new survey of 5,001 American adults found that a plurality (42.9%) report having less than $25,000 saved for a retirement account.
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  • Measuring The Impact Of Student Debt
    Measuring The Impact Of Student Debt

    What are the cities with the most, least student debt?

    With graduation season upon us and student debt at a staggering $1.61 trillion, the personal-finance website WalletHub today released a report on the Cities with the Most & Least Student Debt in 2022, along with a nationally representative Student Money Survey.
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  • Young Professionals On The Move
    Young Professionals On The Move

    Six-in-ten young professionals have changed jobs during the pandemic or expect to be at a different company within two years

    It’s no secret that the last two years of the pandemic have caused many Americans to reassess their lives – everything from health, family, financial situation and careers. Fidelity Investments®, in its commitment to helping its customers achieve their financial goals at every life stage, today shares results of its 2022 Career Assessment Study.
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  • Affinity Banking: The Intersection Of Digital Banking And Financial Inclusion
    Affinity Banking: The Intersection Of Digital Banking And Financial Inclusion

    Digital banking is pushing financial services to catch up with society’s demand for representation, as underrepresented customers increasingly look for new places to put their money

    Deloitte Digital, the experience consultancy, today announced the findings of a study exploring the intersection of digital banking and financial inclusion and the role banks should play in addressing inequities.
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