Retirement spend-down

AMERICAN CENTURY INVESTMENTS TACKLES GENDER INVESTING GAP

Retrieved on: 
Wednesday, June 22, 2022
Investment, Industry, Retirement spend-down, Stowers Institute for Medical Research, National Women's Soccer League, Institute, National Institute on Retirement Security, American Century Companies, Megh, Knowledge, Man, National Women's History Alliance, Accounting, Courage, Retirement, Medical research, National Institute, Asset, Century, Movement, Organization, Income, Goal, Life, Bank, Pension fund, American Century, Woman

KANSAS CITY, Mo., June 22, 2022 /PRNewswire/ -- American Century Investments, the $230 billion* global asset manager, is tackling the gender investing gap, in which women have roughly 80% of the retirement income of men while outliving men by five years on average.1 In addition to mobilizing organizations like the National Women's Soccer League team Kansas City Current to highlight the problem, American Century is empowering women to making progress toward closing their own investing gap through personalized insights and resources for those who pledge to make their investing move.

Key Points: 
  • KANSAS CITY, Mo., June 22, 2022 /PRNewswire/ -- American Century Investments, the $230 billion* global asset manager, is tackling the gender investing gap, in which women have roughly 80% of the retirement income of men while outliving men by five years on average.1In addition to mobilizing organizations like the National Women's Soccer League team Kansas City Current to highlight the problem, American Century is empowering women to making progress toward closing their own investing gap through personalized insights and resources for those who pledge to make their investing move .
  • To instill confidence and empower women with the knowledge and confidence they need to close their personal investing gap, American Century's campaign features investing insights from women in the investment industry.
  • The Institute owns more than 40% of American Century Investments and has received dividend payments of $1.87 billion since 2000.
  • 2022 American Century Proprietary Holdings, Inc. All rights reserved
    1Gender Pay Gap Persists Into Retirement, National Institute on Retirement Security, May 2020.

Manulife Investment Management takes a multipronged look at the role of sustainable investing and ESG analysis in its latest Global Intelligence report

Retrieved on: 
Wednesday, July 28, 2021
Economy, Manulife, S&P/TSX 60, Articles, Investment management, Socially responsible investing, Companies

"One enduring outcome of the past year is the importance of sustainability," said Paul R. Lorentz, president and CEO of Manulife Investment Management.

Key Points: 
  • "One enduring outcome of the past year is the importance of sustainability," said Paul R. Lorentz, president and CEO of Manulife Investment Management.
  • "Against this backdrop, we devote much of the latest edition of Global Intelligence to examining those sustainability scenarios and their impact on investments and investment decisions."
  • Christopher P. Conkey, CFA, global head of public markets at Manulife Investment Management, said, "Sustainable investing is no longer an option.
  • Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation.

On Social Security's 85th Anniversary, Survey Finds Nearly All Americans View Social Security as an Important Program

Retrieved on: 
Friday, August 14, 2020
Articles, Liberalism in the United States, Social Security, Taxation in the United States, AARP, Welfare, Social Security debate in the United States, Retirement spend-down

Currently, more than two millionPennsylvanians receive Social Security retirement benefits, which accounts for more than half of the income for 50% of families.

Key Points: 
  • Currently, more than two millionPennsylvanians receive Social Security retirement benefits, which accounts for more than half of the income for 50% of families.
  • "AARP will never stop fighting to strengthen Social Security and make sure hard-working Americans get the benefits they've earned."
  • Nearly three-quarters of Americans (74%) are worried that Social Security will not provide enough to live on during their retirement.
  • Nearly 3 in 5 Americans are not confident in the future of Social Security, with confidence in the program lowest among 30-49-year-olds at only 28%.

Reality Check: Most Americans are Unprepared for When and How Retirement Will Happen

Retrieved on: 
Monday, April 13, 2020
Banking, Professional services, Insurance, Finance, Economy, Finance, Money, Retirement, Termination of employment, Pension, Retirement spend-down

Even those who consider themselves to be financially stable and on track for retirement need to plan for the impact an earlier-than-expected start date can have on their retirement years.

Key Points: 
  • Even those who consider themselves to be financially stable and on track for retirement need to plan for the impact an earlier-than-expected start date can have on their retirement years.
  • The Retirement Risk Readiness Study surveyed three categories of Americans to get different perspectives on retirement: pre-retirees (those 10 years or more from retirement); near-retirees (those within 10 years of retirement); and those who are already retired.
  • In fact, the closer people are to retirement, the less enthusiastic they are about the idea of extending their employment.
  • Addressing retirement income early in the planning process is a smart way to help prepare for potential surprises in your retirement plan, added LaVigne.

New Report Finds 40 Percent of Older Americans Rely Solely on Social Security for Retirement Income

Retrieved on: 
Tuesday, January 14, 2020
Economy, Money, Finance, National Institute on Retirement Security, Personal finance, Retirement, Pension, Social Security, Retirement spend-down

A new report also finds that a large portion (40 percent) of older Americans rely only on Social Security income in retirement.

Key Points: 
  • A new report also finds that a large portion (40 percent) of older Americans rely only on Social Security income in retirement.
  • These findings are contained in a new report from the National Institute on Retirement Security (NIRS), Examining the Nest Egg: The Sources of Retirement Income for Older Americans.
  • This report examines the sources of retirement income for older Americans to determine how many older Americans achieve the "three-legged stool" of retirement savings: Social Security; a DB pension plan; and individual savings, typically through a DC account.
  • A plurality of older Americans, 40.2 percent, only receive income from Social Security in retirement.

The Retirement Income Gender Gap: MassMutual Study Finds Women Expect To Run Out Of Money Five Years Too Soon In Retirement

Retrieved on: 
Thursday, August 2, 2018
Economy, Finance, Ageing, Retirement, Termination of employment, Money, Actuarial science, Massachusetts Mutual Life Insurance Company, Personal finance, Retirement spend-down

On average, women retirees and pre-retirees expect to spend 25 years in retirement compared to men who expect to live 23 years in retirement, the MassMutual Women's Retirement Risk Study finds.

Key Points: 
  • On average, women retirees and pre-retirees expect to spend 25 years in retirement compared to men who expect to live 23 years in retirement, the MassMutual Women's Retirement Risk Study finds.
  • On average, retired women anticipate living 30 years in retirement while pre-retiree women expect to live only 21 years, according to the study.
  • Women are less likely than men to accurately project how long their savings will last in retirement, according to the study.
  • Women tend to be more concerned about market volatility and mismanaging their investments than men, the study finds.