2+ hour, 24+ min ago   (211+ words) The offering, set to launch in September, will allow advisers to provide investment recommendations that clients can review and implement themselves. Launching in September, with an open waitlist for advisers already available, the offering will enable advisers to provide ongoing…...

1+ day, 1+ hour ago   (261+ words) Industries with historically low plan participation rates and hourly employees are seeing particularly large gains in coverage, according to Gusto. The smallest U.S. employers are increasingly embracing workplace retirement plans. Using anonymized administrative payroll data, Gusto Inc., a payroll and benefits…...

2+ day, 2+ hour ago   (245+ words) Only 18% of health savings accounts in 2024 had investments in assets other than cash, according to EBRI. While retirement plan professions tout health savings accounts’ tax advantages for long-term savings, most people continue to use their HSAs for short-term spending, according…...

4+ day, 2+ hour ago   (677+ words) Misperceptions, rather than economic hardships, may be behind the lack of coverage, according to the Center for Retirement Research. Millions of U.S. private sector workers still lack access to a workplace retirement savings plan, but one reason for the coverage gap…...

1+ mon, 1+ day ago   (413+ words) Healthcare costs alone jumped more than 7% year-over-year. Fidelity Investments projected on July 21 that people retiring in 2026 will spend an average of $185,000 on medical and healthcare costs in retirement. The annual Retiree Health Care Cost Estimate found a 65-year-old retiring this…...

1+ mon, 4+ day ago   (442+ words) Seventy-five percent of surveyed adults said they would prioritize financially helping a loved one, even at the risk of delaying their own retirement. According to the Nationwide Financial Growth & Protection Index, 70% of surveyed consumers believe they could significantly improve their…...

1+ mon, 6+ day ago   (459+ words) In 11 years, the US is slated to pay more for Medicare than Social Security, according to research by the Center for Retirement Research. The depletion of Social Security trust funds often makes headlines, but Medicare spending also poses a huge,…...

1+ mon, 1+ week ago   (196+ words) Fewer financial worries and increased longevity were among the benefits reported by Chilean retirees surveyed about guaranteed income. “When people have that income that they know is going to last a lifetime, they tend to spend more,” Finke says. “It…...

1+ mon, 2+ week ago   (163+ words) Prudential’s David Blanchett argued that retirees’ decreased spending is mostly due to choice, rather than financial hardship. Previous research has found that retirees often underspend their resources, but a study published last month in the Financial Planning Review, “How Spending…...

2+ mon, 3+ day ago   (570+ words) planadviser Guaranteed income can be a key element to reducing asset depletion in retirement, according to a report by the nonprofit Employee Benefit Research Institute. Using data from the RAND Corp.’s Health and Retirement Study, stretching from 1992 through 2022, including…...