Wealth management

Conflicting surveys and interviews highlight the difficulty in getting a true picture of Generation Y’s retirement readiness.

Americans who work with a financial professional, had a college education and more than $100,000 in household assets are more likely to have a higher financial literacy.

Regulators should require financial advisers to give clients information to verify their credentials for advising senior citizens, the U.S. Consumer Financial Protection Bureau said.

The online tool, dubbed My Retirement Plan, asks people to answer questions about how much they save each month, and then projects how much income they can expect to receive at retirement.

Increased loan activity raises fresh concerns about preparation for employee retirement readiness.

The percentage of baby boomers that are confident in their financial preparations for retirement has declined over the past three years, according to the Insured Retirement Institute, and most do not expect their financial situations to improve in the next five years.

The Chamber of Commerce’s 7th annual capital markets summit in Washington, D.C., brought together leaders from the business community, the public policy sector and government to examine the state of financial regulatory reform and address challenges facing U.S. and global markets.

More than a third of U.S. workers spend between two hours and “half the day” fretting over their personal finances, according to new research from McGraw Hill Federal Credit Union.

When it comes to accessing information on financial investments, most young investors turn to traditional media, according to a recent survey.

The availability of in-plan investment advice appears to have increased. In a recent survey, almost eight in 10 participants (79%) said that their plans offer online, telephonic or in-person advice, up from 72% in 2011.

Participants using the company’s retirement app have an average deferral rate 11% higher than the average deferral for all participants covered by plans, according to a recent survey

A new survey finds that while most wealthy Americans have a retirement plan in place and feel confident about their retirement readiness, they may be underestimating how much money they will need once they retire.

The American Society of Pension Professionals and Actuaries is applauding a bipartisan push to make it easier for workers to repay withdrawals they make from their employer-sponsored defined contribution plans.

As part of EBN’s upcoming portrait of Generation Y’s financial planning, we spoke with a trio of young investors. Unsurprisingly, the one who’s doing the most to help her 401(k) works in the benefits field.

“We find ourselves moving — ever so tentatively — into a financial future with seemingly only one certainty: It will likely be very different than the investment world in which we all grew up,” Putnam Investments CEO Robert Reynolds said at a recent industry event.

The 23rd annual Retirement Confidence Survey, the longest-running survey of its kind, reports 28% — the highest level in the survey’s history — are not at all confident about being able to afford a comfortable retirement

More than one-third (37%) of respondents in a Franklin Templeton poll say they are more concerned about outliving their assets or having to make major sacrifices to their retirement plans today than 12 months ago.

The number of employers offering a sponsored retirement plan slightly increased in 2012 from four years prior, while matches and employer contributions remained near constant, according to a survey released today by WorldatWork and the American Benefits Institute.

More than eight in 10 Americans (84%) expect to see their dentist this year for regular cleanings while less than half (43%) plan to meet with their financial adviser to review their investment strategies, according to a survey on retirement from the PNC Financial Services Group.

Western European nations, backed by strong health care and retiree social programs, dominated the top of the list, snagging the first 10 slots in an index based on data from sources including the World Bank and the United Nations.