In a recent AICPA survey, 49% of Americans said they are uncertain about their financial outlook for retirement and nearly 29% say they worry about having sufficient resources for their golden years. So reports the JournalofAccountancy.
Employer-sponsored retirement plans are providing less income than in the past, which means retirees are likely to be more dependent on Social Security, according to a study by the Center for Retirement Research. So reports ThinkAdvisor.
Big name retirement advisors such as Vanguard, Fidelity, and Charles Schwab have captured approximately 56% of affluent investor assets that are handled by robo advisors. So reports Investor’sBusinessDaily.
In a recent letter, the Department of Labor is advising the financial industry that target date funds offered as annuities can be used as qualified default investment options in retirement plans. So reports ThinkAdvisor.