The number of Gen Z investors across the firm’s retirement platform nearly doubled from a year ago, according to Fidelity’s third quarter retirement analysis, reaching a record 1.4 million.  And while it’s still early in their careers, Fidelity’s data suggests that Gen Zers (born between 1997-2012... READ MORE

While 4% generally has been considered a safe withdrawal rate for retirees for the better part of the last three decades, a new paper by Morningstar argues that, given current conditions, the rate should be lowered.  In The State of Retirement Income: Safe Withdrawals Rates by Morningstar’s... READ MORE

Bipartisan retirement security legislation that shares some overlap with the SECURE Act 2.0—and is supported by the American Retirement Association—has been approved by a key House committee.   The House Education and Labor Committee on Nov. 10 approved the Retirement Improvement and Savings... READ MORE

As employers grapple with the “Great Resignation,” two new surveys find wide differences in workers’ sentiments, with many considering job changes, while others may delay their retirement. According to the Principal Financial Group’s quarterly Retirement Security Survey, a quarter of U.S. workers... READ MORE

While a record number of institutional investors are incorporating ESG factors into their investment decision-making, there apparently still are a number of ongoing disparities, according to a new survey.  The results of Callan’s ninth annual ESG Survey reveal that a record 49% of institutional... READ MORE

Account holders apparently are still using their HSAs for health care spending instead of taking full advantage of saving and investing their accounts for health care expenses in retirement, a new report finds.  According to Lively’s second annual HSA Account Holder Insights report, account... READ MORE

Yes, younger generations have lower levels of financial literacy—but the results of a new study suggest that the overall levels and implications may not be what you think.  According to the report from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George... READ MORE

Recognizing the increasing importance for companies and regulators as more registrants move online and new cybersecurity threats evolve, SEC Commissioner Elad Roisman says it’s time for the SEC to act.  While noting that he believes the implementation of Regulation SCI in 2014—the Commission’s... READ MORE

With many expenses paused because of the pandemic, leading to increased savings, a new survey finds that many younger investors are more focused on their finances and the need for professional help.  According to the latest New York Life Wealth Watch survey, 29% of Millennials reported having... READ MORE