MassMutual: Whole life insurance cash values can be overlooked source of retirement income
Nearly 45 percent of U.S. households are “at risk” of not having enough to maintain their living standards in retirement, according to the National Retirement Risk Index, a special project of the Center for Retirement Research at Boston College.
Many multicultural populations are particularly [...]
Corporate America’s commitment to workers’ retirement plans, measured by benefit values as a percentage of pay, has dropped consistently over the last decade, according to research by Watson Wyatt, a leading global consulting firm. The research found that companies that shifted from defined benefit (DB) plans to defined contribution (DC) plans had the steepest drops, [...]
Top 10 ‘Actions to Win’ Offer Ways to Innovate and Adapt Operating Models and Product Offerings to Better Fit Leading Edge Boomers’ Needs
Financial services companies are facing the risk that the retirement of the baby boomers will disrupt existing retirement businesses as retirees move assets out of current retirement accounts and into new, income-generating products. [...]
Despite recent increases in asset values and regulatory relief from the Internal Revenue Service (IRS), U.S. employers will be required to contribute $89 billion into their defined benefit (DB) plans in 2010 and more than $146 billion in 2011 unless they receive funding relief from the federal government, according to an analysis by Watson Wyatt, [...]
Despite recent events in the economy, a majority of workers are satisfied with their current employer-sponsored retirement benefits. In particular, many place a high value on plans that offer security and flexibility, according to a survey by Watson Wyatt, a leading global consulting firm.
The survey found that 54 percent of employees are satisfied with their [...]
Participants in 401(k) Plans ‘Stay the Course’ Despite Decreased Confidence in Ability to Afford Retirement
As the economy continues to work its way toward a recovery, employees are taking a “wait and see” approach with their 401(k) plans, according to the 2009 401(k) Benchmarking Survey of over 600 plan sponsors conducted by Deloitte, the International Foundation [...]
Employees With Defined Benefit Plans Feel More Confident Than Those With 401(k) Plans Only
Older workers are much less confident about their retirement security than they were two years ago as a result of the financial crisis, according to a new survey by Watson Wyatt, a leading global consulting firm. The survey also found that [...]
Keep Your Retirement Intact by Separating Emotion from Finance
Caught between supporting kids, caring for aging parents, and planning for their own retirement, many Americans in the Sandwich Generation, adults 40-60 caring for both younger and older dependents, are struggling to balance financial and emotional challenges during the recession. According to Age Wave’s 2009 Retirement [...]
Securian study shows less spending and borrowing but plenty of debt
Consumers are more concerned about short-term security than long-term financial goals. The 2009 Survey of Financial Values and Debt, sponsored by Securian Financial Group, indicated that saving for emergencies is among Americans’ top financial priorities. And while they have found many ways to spend [...]
Stated Target Equity Allocations for 2009 Have Not Changed Significantly
As news of the economic crisis continues to unfold, the first look at actual 2008 disclosures reveals substantial investment losses for the largest U.S. corporate pension plan sponsors, according to a new analysis by Watson Wyatt, a leading global consulting firm. While many of these [...]