- 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.
read more - 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…
read more - 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.
read more - 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.
read more - 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.
read more - 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.
read more - 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.
read more - 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.
read more - 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…
read more - 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.
read more - 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...
read more - 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.
read more - 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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