Despite various reports showing that many people have cut back on saving, new data by the Investment Company Institute suggests otherwise—at least regarding defined contribution plans. In fact, retirement saving continued to be a strong focus for DC plan participants through the first half of 2022... READ MORE

Even though COVID concerns are fading, new concerns over inflation and economic uncertainty are adding to increased financial stress among employees, who are increasingly looking to their employers for support and guidance, including with retirement planning. In fact, today’s economic environment... READ MORE

A new Risk Alert by the Securities and Exchange Commission’s Division of Examinations specifies the initial exam initiatives and areas of review that it will conduct as part of the new Marketing Rule. Among the provisions of the new rule (Advisers Act Rule 206(4)-1) adopted in December 2020 is a... READ MORE

Despite knowing they could receive larger payments, very few American workers are planning to wait until age 70—the age at which an individual reaches their maximum monthly benefit—to begin taking their Social Security benefits. According to the Schroders 2022 U.S. Retirement Survey, 86% of non-... READ MORE

While Super Savers are concerned with inflationary impacts and a potential recession, most remain bullish they can withstand the short-term impacts—and actually plan to save more. The annual Super Savers study from the Principal Financial Group found that nearly 6 in 10 (59%) survey respondents... READ MORE

With one month of consumer price data left to go before a final determination, it appears near certain that the Social Security cost-of-living adjustment (COLA) for 2023 will be the highest in more than four decades. Based on new CPI-W data through August, estimates by The Senior Citizens League... READ MORE

While a small paragraph from Wells Fargo’s annual 10-K filing for 2021 revealed that the Department of Labor (DOL) was reviewing certain transactions associated with the ESOP feature of the company’s 401(k) plan, we now have answers as to what that inquiry concerned.   The DOL announced Sept. 12... READ MORE

While most parents say they have started saving for their child’s education, the impact of inflation, market volatility and rising costs are leaving many parents less prepared to pay. According to Fidelity Investments’ 2022 College Savings Indicator Study, which has been conducted regularly since... READ MORE

With many workers unable to cover the cost of an emergency, a new survey finds that most would support legislation allowing them to tap into a small portion of the retirement savings account to cover the cost. AIG Life and Retirement’s survey of more than 1,200 American workers explored how:... READ MORE