The rules for retirement have changed over the past generation. Individuals must now take more personal responsibility for their retirement finances, as life expectancies increase and job security declines. Employer retirement benefits have become less generous over the past several decades, with 401(k)s and other similar retirement plans replacing the traditional defined-benefit pensions that have historically offered retirees a steady source of income. And, while private-sector traditional pensions are typically insured by the federal government up to certain limits, 401(k) plans and retiree health benefits are not. "When you look at how much money people have in their 401(k)s, on which they are becoming increasingly dependant, the money just isn't there," says Alicia Munnell, director of the Center for Retirement Research at Boston College. "This notion that you can put in 6 percent of pay and your employer puts in 3 percent [in a matching program] is just not right. If we're going to rely on these 401(k) plans, we need to put in a number closer to 15 percent rather than 9 percent."
A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend.
Your resource for news, research and analysis to help you deliver more effective outcomes to your clients.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
Simplify life for your clients with goals-based planning strategies
What your female clients need to know about long-term care.
How to use digital marketing to increase appointments.
Nov 02, 2017
Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.
Oct 25, 2017
Join this complimentary webcast to discover how to leave the impression that employee benefits is stodgy and sluggish in the past.
Sep 28, 2017
Women face unique retirement challenges. We can give you key considerations and strategies to help you optimize your female clients’ Social Security. In this webcast, you’ll...