Half of Gen X has done no retirement planning, study says
Having missed out on yesterday's pensions and today's 401(k) features, the latchkey generation is woefully unprepared for retirement. Here's how advisors can help.
Retirement
Did Americans contribute enough to their retirement in 2024?
Betterment at Work surveyed 1,000 employees about how confident or anxious they're feeling about their financial futures.
1 in 3 seniors has less than $50K in their 401(k)s, survey finds
Even among retirement-age Americans, many nest eggs are almost empty, according to an alarming new study by GOBankingRates.
Is the 401(k) doing too much?
Health care costs. Student loans. Domestic abuse. Are retirement plans addressing too many problems at once?
How do Americans feel about retirement?
Nearly one third of Americans feel anxious when thinking about retirement.
Might the Social Security Fairness Act still pass this year?
Just before the year ends, Congress may pass the Social Security Fairness Act. Here's what's in the bill and who it's for.
Best of the week roundup
Bank of America's clients are saving more for retirement; why employers and employees should have an emergency plan in case of a disaster; how reproductive rights might change under the Trump administration; and more.
By
Mary Ellen Egan
Senior Director, Strategy and Content, Live Media, American Banker
American Banker
Retirement savings have increased for Bank of America clients
While the bank says that 401(k) and healthcare savings accounts balances have grown during the past year, there are still some troubling indicators.
Most seniors retire before age 65, study shows
Six out of 10 retirees leave the workforce earlier than they planned, according to a new Transamerica study. Here's why — and how advisors can help.
20 best cities for retirement
Orlando, Florida, ranks as the top city for retirement due to a lower tax rate and a large amount of recreational activities.
Benefits Think How employers can set every generation up for financial wellness
Each age group needs different benefits to feel their priorities are being supported.
How this company helps leaders make post-career plans
MyNextSeason works with clients to make the most of their time after retirement.
Ask an advisor: How can I Trump-proof my finances?
Not every investor is expecting a Trump boom. Some expect a crash. How should they adjust their finances — if at all?
401(k) fees are lower but still hard to understand. Planners can help
A government watchdog reports that Labor Department regulations haven't made much of an impact on the levels of disclosure and comprehension.
‘FIRE’ ETFs catering to retire-early strivers make their debut
Two new ETFs, the FIRE Funds Wealth Builder ETF (FIRS) and FIRE Funds Income Target ETF (FIRI), cater to the growing FIRE movement.
Benefits Think How ‘gray divorce’ complicates retirement strategies
When older couples split, it's complicated by the accumulation of shared assets over decades and growing medical needs that can erode retirement readiness.
Jessica Ruggles
New York Life
The role employers play in gray divorce
Companies can provide better financial literacy to help older couples, who are separating, make smart decisions with their money.
What are the top retirement insights that consumers need to know?
While data from Goldman Sachs showed that consumers are more confident about reaching their savings goals with a plan in place, many face financial challenges along the way.
The top 5 benefits, according to each generation
Research found that while benefits like retirement and flexibility are valued by all groups, mental health support and long-term care are more age-specific.
‘Diet’ COLA: Advisers talk to clients about the lowest increase in years
With inflation figures falling, retirees can expect a 2.5% increase in 2025. Here's how planners are guiding clients through the impact of that slight bump.
