Retirement Income / Annuities

  • Two-Thirds Of Employees Say Student Loan Repayments Will Derail Retirement Plans
    Two-Thirds Of Employees Say Student Loan Repayments Will Derail Retirement Plans

    Employees want employers to provide solutions that offer pension-like income

    Today, employees face myriad challenges that impact their long-term financial planning, with the timeliest one being the resumption of student loan payments in October. While many assume younger employees are impacted the most, a new survey by the Nationwide Retirement Institute® finds that even seasoned employees are experiencing significant financial pressures due to the resumption…
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  • As “Peak 65” Approaches, Client Concerns Over Retirement May Be Fueling Curiosity About How To Protect Income In Retirement
    As “Peak 65” Approaches, Client Concerns Over Retirement May Be Fueling Curiosity About How To Protect Income In Retirement

    RIAs say clients worried about retirement; how they’ll be able to do it, when they’ll be able to do it, and how well they’ll be able to do it

    RetireOne, the leading independent platform for fee-based insurance solutions, in partnership with Allianz Life Insurance Company of North America (Allianz) released their joint 2023 RIA Protected Accumulation + Retirement Income Survey today.
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  • Why Aren’t More People Tapping Into Home Equity To Help Fund Retirement?
    Why Aren’t More People Tapping Into Home Equity To Help Fund Retirement?

    Examining why the use of home equity to fund retirement shortfalls remains low

    The largest component of household wealth for many people in or entering retirement is home equity. As life spans increase and retirement periods grow, one might expect to see more people dipping into the equity in their homes. Yet only a small proportion do.
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  • Pre-Retiree Expectations And Retiree Realities
    Pre-Retiree Expectations And Retiree Realities

    Retirees and pre-retirees fear declining finances and deteriorating health in older age

    Fewer than one in four age 50+ workers and retirees are very confident they will be able to maintain a comfortable lifestyle throughout their retirement (17%, 23%, respectively), according to Life in Retirement: Pre-Retiree Expectations and Retiree Realities, a new survey report released by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica…
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  • Retirement Security Conditions Have Improved, But Most Canadians Aren’t Feeling It
    Retirement Security Conditions Have Improved, But Most Canadians Aren’t Feeling It

    43% of working Canadians say they are worried they won’t have enough money to enjoy retirement, their biggest fear about retirement. A growing number (38%) now say achieving retirement security will take a miracle

    For the first time in ten years, nearly all developed countries in Natixis Investment Managers’ Global Retirement Index (GRI), including Canada, received a higher overall score for retirement security over the prior year. The annual index, released today, shows improved economic conditions, mainly the result of employment growth, wage gains, and interest rates. Yet Natixis…
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  • Canadians Tighten Their Belts To Manage The Increased Cost Of Living
    Canadians Tighten Their Belts To Manage The Increased Cost Of Living

    As the cost of living goes up, most Canadians are making daily sacrifices - while holding on to big ambitions

    A new CIBC poll finds that while more than half of all Canadians (61 per cent) say they have engaged in some sort of cost-cutting behavior to manage the increased cost of living, very few plan to delay major life events like getting married (2 per cent), buying a first home (6 per cent), or…
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  • The Transforming Workplace
    The Transforming Workplace

    Many American workers optimistic about their financial future, though feeling the strain of inflation

    Bank of America today announced findings from its 13th annual Workplace Benefits Report, "The Transforming Workplace" (PDF) The report revealed that two-thirds (67%) of employees believe the cost of living is outpacing growth in their salary or wages, compared to 58% in February 2022.
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  • Majority Of Americans Now Worry About Higher Taxes On 401(k)s And IRAs
    Majority Of Americans Now Worry About Higher Taxes On 401(k)s And IRAs

    Seven in 10 Americans (72%) worry that higher taxes in the future will impact their retirement income from tax-deferred accounts such as a 401(k) or IRA

    As present fears about a big market crash or recession persist, Americans also are increasingly worried about taxes on retirement income from 401(k)s and IRAs increasing in the future, according to the 2023 Q3 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America (Allianz Life).
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  • In Pursuit Of Happiness, Younger Generations Prioritize Money Over Marriage
    In Pursuit Of Happiness, Younger Generations Prioritize Money Over Marriage

    Contradictorily, they feel behind in saving enough to retire at an ideal age (60-69)

    Most younger Americans believe financial stability is a stronger determinant of personal happiness than the person they marry, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual).
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  • Financial Worry Is A Top Driver Of Anxiety Among Gen Z
    Financial Worry Is A Top Driver Of Anxiety Among Gen Z

    Examining Gen Z's economic and societal concerns and explores their influence on consumer businesses and the broader workforce

    Money continues to be a growing concern for Gen Z as financial uncertainty, worry about an uncertain future and distrust of large businesses propels generational anxiety to an all-time high, according to the Ernst & Young LLP (EY US) 2023 Gen Z Segmentation Study.
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  • Employees Who Want Happiness And Stability Can’t Overlook Benefits
    Employees Who Want Happiness And Stability Can’t Overlook Benefits

    Plan for real life this open enrollment

    As the workforce enters open enrollment season and conversations around the employee experience continue to make headlines, new research finds employees who understand their benefits are happier and have a greater sense of overall stability at work
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  • Redefining The Ideal Retirement
    Redefining The Ideal Retirement

    58% of Americans say they'd consider post-retirement employment to seek personal fulfillment

    Over half (58%) of Americans (64% of Baby Boomers and Gen Xers) may be in the job market post-retirement, and are open to working indefinitely – but the reasons aren't purely financial according to new research from Empower, a leader in financial planning, investing, and advice. Would-be working retirees are motivated by values like personal…
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  • Financial Flexibility Disappearing For Canadians As Rising Costs Continue To Hammer Savings
    Financial Flexibility Disappearing For Canadians As Rising Costs Continue To Hammer Savings

    Financial uncertainty is the new normal for the majority; almost half have never been more stressed out about money

    The impact inflation continues to have on the lives of Canadians has them feeling unsettled about their day-to-day spending and saving options and their future financial security, according to the RBC 2023 Financial Flexibility Poll.
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