The share of American households at risk of not being able to maintain their pre-retirement standard of living in retirement rose to 51% in 2020, up from 49% in 2019, according to the Center for Retirement Research at Boston College.
It attributed last year's uptick to the spike in unemployment resulting from the pandemic, countered to some extent by the stock market rally and a rise in home prices.
The center's National Retirement Risk Index got as low as 40% in 2007. But since the Great Recession, the index has hovered around at 50%, showing that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, roughly half of households were at risk, the center said in a report.
“This analysis clearly confirms that we need to fix our retirement system so that employer plan coverage is universal,” the report said.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
New Treasury and IRS proposals would let employers add tax-free payroll contributions to the retirement accounts as advisors weigh the fit for client families.
The Atlanta-based RIA has now completed nine acquisitions in 2026, with six of those coming from Commonwealth Financial Network's former advisor base.
Half of small business owners want their company's success to fund generational wealth, says Guardian Life research.
New Principal Financial data reveals 69% of US employers say staff are postponing retirement, with inflation cited as the primary driver amid rising AI optimism.
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
