Retirement Planning

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Social Security services at risk as DOGE bulldozer continues
RETIREMENT PLANNING MAR 13, 2025
Social Security services at risk as DOGE bulldozer continues

Reports of cuts to phone support add to broader concerns about reverberations from mass layoffs amid continued efficiency efforts.

By Leo Almazora
Limra projects strong annuity sales through 2027 despite expected declines
RETIREMENT PLANNING MAR 11, 2025
Limra projects strong annuity sales through 2027 despite expected declines

Latest figures confirm record sales in 2024, including four straight quarters exceeding $100 billion, with most of the wins going to the largest players.

By Leo Almazora
Survey reveals generation gaps in retirement, with a reality check for pre-retirees
RETIREMENT PLANNING MAR 11, 2025
Survey reveals generation gaps in retirement, with a reality check for pre-retirees

Gen X emerges as the least confident in their future, while many retirees are navigating financial shocks from inflation and healthcare costs.

By Leo Almazora
Scale of Trump ‘buyout’ plan means opportunity for advisors
RETIREMENT PLANNING MAR 10, 2025
Scale of Trump ‘buyout’ plan means opportunity for advisors

Who’s ready to step up and provide the expert federal retirement advice needed?

By Chris Davis
Social Security moves to dial up clawback rates to 100%
RETIREMENT PLANNING MAR 10, 2025
Social Security moves to dial up clawback rates to 100%

The Social Security Administration is going back to fully garnishing monthly benefits to recover overpayments, a move advocates say could cause "unnecessary harm" to some of the most vulnerable Americans.

By Leo Almazora
Gen X is turning 60. Retirement is a worry
RETIREMENT PLANNING MAR 07, 2025
Gen X is turning 60. Retirement is a worry

New data add to piles of surveys showing people don't feel financially prepared for retirement. While retirees often adjust to live within their means, long-term care is a looming problem.

By Emile Hallez
How have auto-IRAs and fintech reshaped retirement saving?
RETIREMENT PLANNING MAR 06, 2025
How have auto-IRAs and fintech reshaped retirement saving?

New research examines how assets in IRAs have shifted over the years, and whether the vehicles are still serving their intended purpose.

By Leo Almazora
Target-date fund assets surge to $3.97 trillion in 2024 as CITs overtake mutual funds
RETIREMENT PLANNING MAR 05, 2025
Target-date fund assets surge to $3.97 trillion in 2024 as CITs overtake mutual funds

Retirement industry research report shows ongoing dominance of Vanguard, with BlackRock coming out strong with its paycheck-for-life offering.

By Leo Almazora
Managed accounts have hit a wall in DC plans, finds survey
RETIREMENT PLANNING MAR 04, 2025
Managed accounts have hit a wall in DC plans, finds survey

Research points to growing need for tailored solutions in pension plans, as well as the shift towards passive in target-date funds.

By Leo Almazora
Social Security Administration cuts are a move toward privatization, Wyden says
RETIREMENT PLANNING MAR 03, 2025
Social Security Administration cuts are a move toward privatization, Wyden says

With big staff cuts coming to an agency already struggling to provide customer service, Social Security claimants should begin preparing, advisors said.

By Emile Hallez
Loneliness, risk-taking makes older Americans prime fraud targets, Finra says
RETIREMENT PLANNING MAR 03, 2025
Loneliness, risk-taking makes older Americans prime fraud targets, Finra says

Survey offers a fresh glimpse into the vulnerabilities that scammers exploit, and how targeted strategies against financial illiteracy and isolation could help.

By Leo Almazora
Structured annuities set record pace with $62.9B sales in 2024
RETIREMENT PLANNING FEB 28, 2025
Structured annuities set record pace with $62.9B sales in 2024

Total annuity sales reached $427 billion, with index and variable annuity product sales also accelerating for the year.

By Leo Almazora
Principal Asset Management names Brant Wong head of retirement solutions
RETIREMENT PLANNING FEB 28, 2025
Principal Asset Management names Brant Wong head of retirement solutions

The veteran with almost 30 years of experience, mostly at JPMorgan Asset Management, will oversee a business managing nearly $320 billion in assets.

By Leo Almazora
Federal downsizing wave continues with 'significant' job cuts at Social Security Administration
RETIREMENT PLANNING FEB 28, 2025
Federal downsizing wave continues with 'significant' job cuts at Social Security Administration

Report of a Thursday memo announcing 30,000 layoffs adds to uncertainty for retirees relying on benefits.

By Leo Almazora
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says
RETIREMENT PLANNING FEB 27, 2025
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says

New data show a 27 percent jump in $1 million-and-up accounts last year, with the average millionaire making contributions for more than two decades.

By Leo Almazora
Retirement plan provider Human Interest unveils industry-leading service pledge
RETIREMENT PLANNING FEB 25, 2025
Retirement plan provider Human Interest unveils industry-leading service pledge

The digital-first 401(k) provider says it is "raising the bar" with timely action on customer inquiries, contributions, and distributions.

By Leo Almazora
Life is getting longer. But don't plan for most clients to make it to 100
RETIREMENT PLANNING FEB 24, 2025
Life is getting longer. But don't plan for most clients to make it to 100

Longevity is increasingly globally thanks to advances in medicine and technology. There are wild estimates about AI doubling average lifespans in short order, but there are factors that are also working against longevity.

By Emile Hallez
One in two voters worried about retirement and finances, finds BlackRock
RETIREMENT PLANNING FEB 24, 2025
One in two voters worried about retirement and finances, finds BlackRock

One-third of poll respondents report no retirement savings and expect to need $2 million on average, highlighting bipartisan importance of financial security.

By Leo Almazora
Healthcare shocks could cost retirees dearly, warns study
RETIREMENT PLANNING FEB 21, 2025
Healthcare shocks could cost retirees dearly, warns study

Data analysis reveals how long-term care and medical shocks impact Medicaid enrolment, household wealth, and out-of-pocket medical expenses among retirees.

By Leo Almazora
Amid continued DOGE efforts, Musk turns focus to centenarians in Social Security
RETIREMENT PLANNING FEB 19, 2025
Amid continued DOGE efforts, Musk turns focus to centenarians in Social Security

Evidence showing millions of records of individuals aged 100 or older overstate the real risk of fraud, sources say.

By Leo Almazora