- 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 - Mother’s Day: Remembering All They Do to Protect the Ones They Love
This is time to celebrate and honor mothers everywhere
COVID-19 has highlighted all the ways mothers care for and protect their families. For many moms, the pandemic disrupted their work and home life as they dealt with working from home, school closings and child care disruptions. It also added to their stress.
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 - Most Americans Ill-Equipped In Financial Retirement Planning
Nearly a quarter of survey respondents says retirement savings wouldn't stretch five years
Many Americans may be steering the Titanic without a map when it comes to retirement finances. A new MoneyRates.com survey finds a significant portion of the population understands very little about retirement planning and lacks essential information to make the right moves.
read more - Post-Pandemic: Americans Have New Confidence in Short-Term Financial Goals
With 2020 fresh on their minds, people begin to look ahead
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 - Millennials May Not be Retiring Soon–But They Are Already Planning For It
Four out of five have a strategy in place to protect against outliving their savings
Coming of age in the wake of 9/11, the Market Crash of 2008 and the Great Recession has impacted Millennials' financial concerns, investing habits, and future earnings potential. Add a global pandemic during their prime earning years, and it's no wonder Millennial investors' financial optimism declined 24 percentage points to 38% in 2020, from 62%…
read more - A Majority Of U.S. Consumers Lack Confidence In Stock Investments
To fund retirement, many are putting their trust in more ’tangible assets,' such as real estate
A majority of U.S. consumers —regardless of income level—say they are worried that they will not have enough money in retirement to maintain their desired lifestyle. Moreover, despite this widespread concern, some 59% say they have real trepidation about investing their money in the stock market, according to new research published by Realized, a technology-enabled…
read more - Next-Gen Retirement Income Solutions Must Be Fueled By Technology & Customization
As plans still fall short in providing workers with lifetime retirement security
While workplace retirement savings plans have evolved significantly over the last four decades, they still fall short in providing workers with lifetime retirement security.
read more - Confidence In Retirement Security Resilient In Face Of Pandemic
Even with changes in the labor market, workers are still optimistic
Despite a global pandemic that created uncertainty in the employment and financial markets, the 2021 Retirement Confidence Survey (RCS) found 8 in 10 retirees are confident in their ability to live comfortably throughout retirement, similar to the 76 percent of retirees who were confident when the survey was last fielded in March 2020.
read more - 1 In 5 Americans Have Been Forced To Delay Or Cancel Their Retirement
Three in five Americans say it's more important than ever to plan for taxes in retirement to achieve their long-term goals
The COVID-19 pandemic has shaken many U.S. adults' confidence in retiring comfortably or on time, with one-in-five (19%) reporting it has forced them to delay their retirement or no longer retire at all, according to the new 2021 Tax-Efficient Retirement Income survey.
read more - Younger Investors Keep A Disciplined Focus On Long-Term Goals
Millennials may not be retiring soon--but they are already planning for it
Coming of age in the wake of 9/11, the Market Crash of 2008 and the Great Recession has impacted Millennials' financial concerns, investing habits, and future earnings potential.[i] Add a global pandemic during their prime earning years, and it's no wonder Millennial investors' financial optimism declined 24 percentage points to 38% in 2020, from 62%…
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