Retirement

Organizations including Berkshire Hathaway, BP Capital and Viacom all have leaders near the age of the man who decided he’s aging too rapidly to lead the Catholic Church. “It’s probably a good idea to reassess one’s ability to be in positions of power at that time,” says one expert.

More than eight in 10 married baby boomers (81.9%) report having retirement savings and 55.7% have gone through the process of calculating a retirement savings goal, compared with only 66.6% and 40.8%, respectively, for singles.

A new study finds that financial advisers struggle to engage investors who are retired or almost retired, and they are divided on how to generate sustainable income.

How many Gen X and Gen Y consumers are saving for retirement? Not nearly enough, according to LIMRA, an industry-funded research group.

While a tax-exempt retirement plan might look good on paper, it could likely use a little work in order to hit the right notes with employees. Aaron Friedman, national practice leader at The Principal Financial Group, provides some best practices to aid in creating a proper, effective participant education plan.

Investors under the age of 45 account for one-third of all Americans with more than $100,000 in investable assets, up from 20% in 2010, according to Cogent Research.

Tax the rich! Raise their rates! Limit their deductions! That seems to be the populist mantra. It’s perpetuated in the press, and there’s some indication that the general public seems to support the idea. Now middle class workers with higher than average incomes seem to be caught up in discussions defining those that are “rich,” says EBA Blogger and The Principal Financial Group’s tax-exempt national practice leader.

“Being able to afford health care and the support I need in my old age,” had 26% of respondents “highly worried,” the most common response in a new survey from UBS Wealth Management Americas.

As Congress pushes the debt ceiling debate farther down the road, Americans’ personal finances are worse than ever. According to a new survey by the Personal Finance Employee Education Foundation, only 24% of respondents say they have “little financial stress.” That leaves 76% who would likely benefit from a financial education plan at work. According to PFEEF, a workplace financial fitness program can not only improve productivity, but also boost morale and company loyalty.

‘Financial planning’ and ‘retirement income’ are both snooze-inducing phrases for potential investors, according to Russell Investments. The firm recommends talking instead about sustainable ‘lifestyle design.’