- College Students Predict Brighter Outcomes For Their Financial Futures
Despite lingering anxiety, rising debt, they see light at the end of the tunnel
AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, including education institutions, and EVERFI, a leading social impact education innovator, today announced findings from a new survey of over 20,000 college students nationwide
read more - Becoming Your Best
Empower advisors to help clients build a better financial future
New York Life Investments today announced the launch of the Advisor Advancement Institute, a comprehensive, educational practice management platform to help financial advisors build better practices and develop deeper, more valuable client relationships.
read more - Not All Hybrids Are Created Equal
For state and local employee plans, there is no universal answer to what is considered an ‘optimal plan structure’
Hybrid retirement plans for state and local employees are not new, but these plan designs have received increased attention in recent years as some jurisdictions have sought to modify workforce retirement benefits.
read more - 2021 Graduation Report: The State Of Student Debt
How Covid-19 helped Improve financial literacy among young people
With graduation season upon us and student debt at a record $1.7 trillion, the personal-finance website WalletHub today released a report on the Cities with the Most & Least Student Debt in 2021 (accompanying videos and audio files), along with a nationally representative Student Money Survey.
read more - Quantifying The Cost Of Care In Retirement
A couple retiring today will need $300,000 to cover medical expenses, an 88% increase since 2002
According to Fidelity, a 65-year old, opposite-gender couple retiring this year can expect to spend $300,0003 in health care and medical expenses throughout retirement. For single retirees, the 2021 estimate is $157,000 for women and $143,000 for men.
read more - Testing The Limits Of Reflation
And measuring the new ‘tilt’ toward portfolio construction
Global investment firm KKR today announced the release of Testing the Limits of Reflation by Henry McVey, Head of Global Macro and Asset Allocation (GMAA). In the new Insights piece, McVey and his team delve into several key macro areas that they believe warrant particular attention from investors in a period of pronounced reflation.
read more - Forty Percent Of Adult Children Question If Mom Is Financially Prepared For The Future
So, why aren’t they taking the time to talk to her about it?
As the country prepares to celebrate Mother’s Day, 40% of adult children question if their mother is financially prepared for the future. Yet, only 28% have had a conversation about her financial preparedness in the past year, according to a new Mother’s Day poll from Lincoln Financial Group (NYSE: LNC) and CivicScience.
read more - Looking Forward, Americans Confidence In Short Term Goals Is Rising
Though for many, long term focus is still unclear
New data released today by New York Life found that over the course of the past year, Americans feel more confident in their short-term financial goals, including in the status of their savings and the ability to pay their bills month-to-month.
read more - Thinking Of Moving In Retirement?
Managing the pros and cons of moving to a lower cost region
You may be surprised how much moving to a lower cost region can supercharge your client’s retirement plan.
read more - Retirement Confidence: An Overwhelming Participant Support For Auto Portability
Nearly Nine in 10 Workers With a Workplace Retirement Savings Plan View Auto Portability as a Valuable Service
The 31st Annual Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research has found that nearly nine out of 10 workers with access to an employer-sponsored defined contribution plan view auto portability—the new 401(k) plan default feature automatically transferring small-balance retirement savings when participants change jobs—as a valuable benefit.
read more - Retirement Insecurity 2021
Following 2020, Americans now see a shifting landscape
A new report finds that across party lines, Americans are worried about concerns about their financial security in retirement. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement crisis.
read more - Americans Have Misconceptions About Estate Planning
Most don't have a will, but interest is on the rise due to the pandemic
Lack of understanding around estate planning may be leading Americans to avoid getting a will, even as interest is on the rise due to the global pandemic, according to a new survey from financial services leader Policygenius.
read more - Nationwide Spotlights Tulsa Race Massacre Economic Empowerment Day
Raising awareness of the racial wealth gap
Many American students never learned about the Tulsa Race Massacre in history class, or about the tragic leveling of a once thriving “Black Wall Street” in 1921. On June 1, 2021, leaders, investors, business owners and entrepreneurs will gather in Tulsa, OK, to observe the 100th anniversary of one of the most devastating race crimes…
read more
