Research: Policy updates could help with retirement preparedness

Younger workers could enhance their retirement readiness not just through saving more and working longer, but also with the help of policy changes, say researchers with State Street Global Advisors. Such updates could include changes to Social Security to allow partial withdrawals and longer deferral of benefits, as well as…

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Advisers may need to review target-date funds

Brendan McCarthy of investment management firm Nuveen urges advisers to review any target-date funds they have in place in light of the Department of Labor's fiduciary rule. He points out that funds that were added to retirement plans a decade ago may now be inappropriate. Financial Advisor online

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Advisers’ retirement planning role grows more crucial

Research from the International Longevity Centre-UK shows Americans must now save between 11% and 18% of their annual income to secure a comfortable retirement, making sound financial advice increasingly crucial. "With increasing emphasis on personal responsibility for retirement planning, people will need to be able to understand the benefits of…

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5 tips to help women entrepreneurs prepare for retirement

Entrepreneurs face special challenges when it comes to saving for retirement, and it's even more difficult for women, who tend to live longer than men, writes JoycePayne Partners' Marilee Falco. She offers five retirement strategies for women entrepreneurs, including a firm commitment to saving even when times are tough. Entrepreneur…

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Research: Financial pros rarely write income plans for retirees

Few people who are retired or approaching retirement are getting income plans from financial professionals, research from the LIMRA Secure Retirement Institute found. Only 38% of pre-retirees and 35% of retirees have a formal, written retirement-income plan, according to LIMRA. InvestmentNews (tiered subscription model)

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Survey shows few entrepreneurs saving for retirement

A survey of small-business owners shows 62% feel confident they are making adequate provisions for retirement but also reveals that 47% are saving less than a 10th of their income and 25% are saving nothing. The survey also showed the number of respondents who have more than $100,000 saved for…

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Missed Opportunities: Addressing Long-Term Care Insurance Needs

Survey: Retirement savers increasingly seeking advice

More than half of retirement savers are seeking professional advice on portfolio allocations, particularly with regard to target-date funds, and that figure is expected to rise substantially in the next three years, according to a Vanguard survey. A separate survey claims that savers who use a TDF are less likely…

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Survey: People with written financial plans put more in 401(k)s

Only 24% of people have a written financial plan, although 34% of millennials do, a higher percentage than Generation X or baby boomers, a Charles Schwab survey found. Those with written financial plans are more likely to make choices such as putting more money into a 401(k) account and having…

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Survey reveals deep lack of retirement finance knowledge

A survey by the New York Life Center for Retirement Income shows respondents have a distinct lack of knowledge of retirement finance, with 74% failing the quiz. The respondents, Americans between age 60 and 75 with $100,000 worth of assets excluding property, achieved poor scores on quiz questions about 401(k)…

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Ryan: Tax revamp wouldn’t touch retirement savings

House Speaker Paul Ryan, R-Wis., has promised reform of the tax system would not threaten retirement savings. He says homeownership and charitable donations also would remain unaffected, but he intends to end the estate tax and the alternative minimum tax. Bloomberg

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