Retirement Income

Corporate pension underfunding dropped, and funding levels rose last year, the Standard and Poors 500 has reported. But while the S&P had some good news for 2015, it expresses misgivings about pension plans’ long-term prospects.The report says that in 2015, corporate underfunding was $369... READ MORE

Americans’ top financial concern for at least the last 15 years: retirement security. And that raises many eyebrows, including those of government leaders. “Politicians look at that and wonder what to do to alleviate that concern,” says Andrew Remo, Director of Legislative Affairs for the American... READ MORE

A new survey characterizes Gen X savers as “struggling,” noting that 40% of those workers agree with the statement, “I prefer not to think about or concern myself with retirement investing until I get closer to my retirement date.”The survey by the Transamerica Center for Retirement Studies finds... READ MORE

Retirement saving this year is at its highest levels in at least half a decade, says a recent study. The 2016 percentage of employees saving more caps a steady increase that has been going on since at least 2011.According to Bankrate, 21% of the people they surveyed are contributing more to their... READ MORE

There’s good news in a recent report on retirement saving and consumer attitudes toward it. But at the same time, it also provides fresh proof of changes in the retirement sphere as well as challenges to be faced.Two reports by LIMRA, “For-Profit Sector Employees: 2016 Consumer Survey Update” and “... READ MORE

Plan sponsors are often reluctant to take big steps in making plan changes — but a new participant survey finds that workers would welcome more aggressive defaults.According to a national survey conducted by American Century Investments: Eight out of 10 employees want at least a “slight nudge” from... READ MORE

There’s a lot of reports about how Millennials aren’t saving, or aren’t saving enough, for retirement — but a new survey tells a different story.Fidelity reports that the average balance for Millennials who have been continuously active in their 401(k) plan for 10 years reached a record $92,900 at... READ MORE

We’ve heard that financial wellness contributes to physical wellness — but could saving for retirement be an indicator as to who will take steps to improve their health?A pair of Washington University researchers claim to have found that the decision to contribute to a 401(k) plan predicted whether... READ MORE

The Department of Labor (DOL) has announced a grant program intended to increase retirement security for low-wage workers — many of whom have never had access to retirement benefits through an employer.The program, which is being administered by the DOL’s Women’s Bureau, will help nonprofit... READ MORE