More than three-quarters of American voters (78%), Republicans and Democrats alike, believe that all working Americans should have access to a retirement savings plan along the lines of the federal Thrift Savings Plan, which is open to government employees and members of the military.
That was a key finding of a survey conducted for the Economic Innovation Group, or EIG, by Echelon Insights.
Support also was strong for a proposal from the EIG under which the government would match retirement contributions for low- and middle-income working Americans who participate in a federal retirement savings plan. The proposal garnered more support (63%) than other wealth-building plans, such as universal basic income (47%), child allowances (41%) and baby bonds (40%), the EIG said in a release.
Other survey results pointed to the dismal state of the nation’s retirement savings. For example, one-third of American voters are not confident that they'll have enough savings to live comfortably when they retire, and of the 41% of American voters who do not have a retirement savings account, 44% say they do not have money to save after expenses.
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
From building multigenerational relationships to entering new adult planning areas and building healthy financial habits, higher education can be a gateway for advisors to become trusted partners to families.
The wirehouse-focused aggregator's rollout to more than 100 advisors lands as financial advisors race to add tax and estate planning tools.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
