According to Nationwide’s eighth annual Advisor Authority survey, four in 10 investors believe that the US is already in a financial crisis and three in 10 believe the U.S. is approaching one.
The decline in both stocks and bonds in 2022, combined with the spike in inflation, caused 70% of respondents to say they are worried 'a great deal' about the economy.
The retirement solutions provider expects the add-on feature to be ready for client testing later this quarter and available to go live in 2024 at no additional cost.
A column warning future generations not to follow baby boomers' lead when it comes to retirement planning elicited a fiery response from boomers.
More than half of 401(k) plan sponsors would prefer to keep retired participants’ assets in their plan rather than having them roll their assets into an IRA or another employer-sponsored plan.
Nearly two-thirds of US households are now involved in intergenerational wealth transfer, with growth seen in both wealthy and lower-asset households.
More than half of consumers say they’ve taken steps to lower health care costs over the last two years, Fidelity reports.
The deal brings over $5.6 billion in retirement plan assets, representing more than 1 million participants and 41,000 individual accounts across 11 states.
The Allianz Life survey also showed fewer Americans than last year are worried about a major recession hitting the economy any time soon.
Voya says its new program will provide greater support for plan participants when it comes to retirement saving, including tailored investment advice and managed accounts.
