Wealth management

If anybody who had something to do with employee retirement plans needed a dose of reality regarding the level of understanding and knowledge participants had about their money, how it was being invested and what the outcomes were, a recent poll provided it.

Thirty-three percent of baby boomers are worried they won’t have enough money saved for retirement, 34% do not know the age at which they will retire, and 57% plan to continue working, according to a recent survey by the Insured Retirement Institute.

Generations X and Y are warming up to investing more than any other age group, according to a survey by MFS Investments. But they remain largely reticent investors.

Sixty-five percent of Americans do not know what a hedge fund is, according to a recent survey by Thesis Fund Management.

Even though 68% of workers are saving for retirement, nearly half (46%) have less than $10,000 saved for retirement, and 50% are not confident they will have enough money to live comfortably in retirement, a survey by the Employee Benefits Research Institute found.

With advisors and investors focused on tax season, Ed Slott returns with some quick answers on Roth IRAs, required minimum distributions and what all this means before (and after) April 18.

The stunning decline in property values across most of the country, a prolonged recession and plain-old negligence and shortsightedness on the part of American workers have all combined to make retirement more a fantasy than a reality for tens of millions of baby boomers who will soon turn 65 years of age.

Forget downsizing to a tony townhouse or retiring to a beach property in a warm climate. Clients are more concerned about having enough money for daily necessities, according to financial advisors polled by Sun Life Financial recently.

About 40 years ago, they were told to cut their hair and find a real job. Today, this same massive segment of the American population, better known as baby boomers, is getting another ultimatum: Stop spending so much money and work even longer at that real job.

More women are going to college and joining the workforce- and now women are becoming increasingly influential in the financial world, according to market research firm Mintel.

Women are closing the gap with men when it comes to life insurance ownership, but women’s coverage level, on average, is only 69% of men’s coverage, according to a life insurance study released by LIMRA.

Uncertainty about fluctuating interest rates and rapidly spiraling health care costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.

The retirement conundrum of how much money is enough is an ongoing battle that impacts both men and women, but one area where men seem to be winning out is retirement confidence, according to EBRI’s 2011 Retirement Confidence Survey released last week.

Employees improved all areas of their personal finances last year, according to a study by El Segundo, Calif.-based Financial Finesse, but many are concerned they haven't saved enough to retire.

Here's the greatest challenge to retirement planning: You may live a very, very long time.

Confidence is Americans’ biggest asset for future economic growth, James Paulsen, chief investment strategist with Wells Capital Management, told an audience last week at the American Society of Pension Professionals & Actuaries’ 401(k) Summit.

Most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them. Even worse, most don't have any idea exactly how much they'll need if they were to begin saving today for their golden years.

U.S. investors have warmed to exchange-traded funds in a big way over the past five years and their growing familiarity with the expanding variety of products available helped pushed the total value of U.S.

Although they have little trust in financial advisers, young American investors feel they are well-educated about handling their own budgets and are optimistic about the future.

Variable annuities with guaranteed living benefit riders surged up 78% in the past two years to more than $521 billion in the fourth quarter of this year, according to a new LIMRA report charting the sales prowess of more than 95% of the variable annuity sector.