Center for Retirement Research at Boston College

Planning ahead pays dividends: how Canadians in and approaching retirement can build resilience against inflation and instability

Retrieved on:

Tuesday, June 13, 2023

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Canadians are feeling less optimistic about retirement.

Key Points:

Canadians are feeling less optimistic about retirement.
In 2018, 80% of pre-retirees and retirees felt positive about their outlook in retirement.
As a result of the ongoing cost of living crunch, 42% of Canadians report saving less compared to last year.
"By getting to work on a financial plan for retirement, Canadians can find some hope amid persistent negative headlines.

Capitalize To Power Rollovers for Robinhood Retirement Account Holders

Retrieved on:

Wednesday, March 22, 2023

Professional Services, Technology, Finance, Software, Fintech, Accounting, Partnership, Research, IRA, CRR, Center for Retirement Research at Boston College, Retirement, The True Cost, Financial adviser, IRAS, Capitalization

Capitalize , the award-winning platform to find and transfer retirement accounts, today announced a new partnership with Robinhood Markets, Inc (NASDAQ: HOOD).

Key Points:

Capitalize , the award-winning platform to find and transfer retirement accounts, today announced a new partnership with Robinhood Markets, Inc (NASDAQ: HOOD).
Capitalize’s partnership with Robinhood Retirement will help customers find and roll over legacy 401(k) accounts into Robinhood’s new individual retirement accounts (IRA).
Additionally, Robinhood will be featured on Capitalize’s leading IRA marketplace as a potential destination for users looking to consolidate their legacy 401(k) assets.
Partners like Robinhood understand the hurdle this presents to growing wealth and want to help their users more effectively save for retirement,” said Gaurav Sharma, CEO of Capitalize.

Quiver Financial Provides Key Services to Help the Recently Unemployed Maintain Momentum Toward Retirement

Retrieved on:

Thursday, March 16, 2023

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Quiver Financial offers services to help recently unemployed individuals roll over their 401(k) from their previous employers.

Key Points:

Quiver Financial offers services to help recently unemployed individuals roll over their 401(k) from their previous employers.
This simple act is critical for helping retirement savers maintain momentum in building retirement income.
This helps Quiver deliver a personalized financial plan that keeps individuals on track with their retirement goals even during times of employment transition.
“Momentum is the key factor in reaching your retirement goals,” says CEO Colby McFadden.

C&F Financial Corporation Announces Appointment of New Board Member

Retrieved on:

Thursday, January 19, 2023

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TOANO, Va., Jan. 19, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that its Board of Directors appointed Dr. Julie R. Agnew to serve as a director of the Corporation effective January 17, 2023.

Key Points:

TOANO, Va., Jan. 19, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that its Board of Directors appointed Dr. Julie R. Agnew to serve as a director of the Corporation effective January 17, 2023.
She is the Executive Faculty Director of the Boehly Center for Excellence in Finance at the Mason School of Business.
She is a TIAA Institute Fellow, a member of the Wharton School’s Pension Research Council Advisory Board and a Research Associate for the Center for Retirement Research at Boston College.
“We are happy to welcome Dr. Agnew back to our board of directors and excited about the level of expertise her depth of experience brings to our Corporation,” stated Tom Cherry, President and Chief Executive Officer of the Corporation.

NEW ANALYTICS TO HELP INVESTORS CONTEXTUALIZE SOCIAL MEDIA CHATTER

Retrieved on:

Thursday, July 28, 2022

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CAMBRIDGE, Mass., July 28, 2022 /PRNewswire/ --MKT MediaStats, an AI platform specializing in quantifying economic narratives and Socialgist, a platform that provides access to the world's most comprehensive social media data and real-time messaging, announce today the launch of a new partnership to help contextualize social chatter pertaining to economic and financial market narratives.

Key Points:

CAMBRIDGE, Mass., July 28, 2022 /PRNewswire/ --MKT MediaStats, an AI platform specializing in quantifying economic narratives and Socialgist, a platform that provides access to the world's most comprehensive social media data and real-time messaging, announce today the launch of a new partnership to help contextualize social chatter pertaining to economic and financial market narratives.
"We are excited to partner with MKT MediaStats, the first entity in the economic and financial market narrative space to license social media discussion data from the leading social media platforms through Socialgist", adds Mike Madarasz, VP of Business Development at Socialgist.
We work with 90% of the leading social media monitoring and analytics providers to bring them content in a reliable and compliant manner via integrations with our RESTful & streaming APIs.
The enterprise tools that use Socialgist's platform gain access to data that can help their customers answer virtually any question.

State and Local Pension Plan Funding Levels Again Tick Upward, MissionSquare Research Institute Finds

Retrieved on:

Thursday, February 17, 2022

This analysis provides important data to assess the health of state and local pension plans, said Gerald Young , Senior Research Analyst with MissionSquare Research Institute and author of the research brief.

Key Points:

This analysis provides important data to assess the health of state and local pension plans, said Gerald Young , Senior Research Analyst with MissionSquare Research Institute and author of the research brief.
We also see that regardless of a pension plans historical funded status, plan contributions are at or near the actuarially required levels.
It contains detailed information on the 210 largest state and local defined benefit (DB) pension plans in the U.S., representing 95% of all state and local pension assets and participants.
MissionSquare Research Institute promotes excellence in state and local government and other public service organizations to attract and retain talented employees.

Latest Variable Universal Life Insurance Offering from Lincoln Financial Provides Growth and Protection Flexibility

Retrieved on:

Monday, January 24, 2022

Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln AssetEdge, an accumulation-focused Variable Universal Life (VUL) insurance policy offering significant tax-advantaged cash value growth and income potential and a cost-effective death benefit.

Key Points:

Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln AssetEdge, an accumulation-focused Variable Universal Life (VUL) insurance policy offering significant tax-advantaged cash value growth and income potential and a cost-effective death benefit.
AssetEdge provides the flexibility to participate in the market and access cash value to supplement income, while protecting your loved ones and life priorities.
Any additional growth increases both the policy value and death benefit protection, which can be accessed or passed on to beneficiaries.
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.

Security Benefit’s ClearLine Annuity Provides “Tax Alpha” New Research Shows

Retrieved on:

Wednesday, November 10, 2021

Security Benefit today applauded the findings of new research published by David Blanchett, Managing Director, Head of Retirement Research, PGIM DC Solutions.

Key Points:

Security Benefit today applauded the findings of new research published by David Blanchett, Managing Director, Head of Retirement Research, PGIM DC Solutions.
The paper highlights the potentially significant income benefits derived from using a tax exclusion ratio, in non-qualified products, available as part of its ClearLine Annuity Rising Income Rider.
ClearLine certainly delivers a powerful combination of accumulation potential, tax-deferral and long-term income benefits, said Mike Reidy, Head of RIA Distribution for Security Benefit.
The Security Benefit ClearLine Annuity, a single premium deferred fixed index annuity, form ICC18 5500 (9-18), is issued by SBL.

Canadians Resilient and Optimistic About Retirement Despite Inflation and Pandemic

Retrieved on:

Tuesday, November 9, 2021

In its 16th year, this report focuses on both longstanding and emerging factors affecting Canadians' retirement planning.

Key Points:

In its 16th year, this report focuses on both longstanding and emerging factors affecting Canadians' retirement planning.
We found that Canadians who work with a professional financial advisor feel optimistic and better prepared for what's ahead."
Only 52% of pre-retirees in Quebec are worried about the rising cost of living impacting their retirement, making them the most resilient in the way they feel about inflation.
The 2021 Fidelity Retirement Report explores the role and value of financial advice in Canadian's retirement planning.

State and local pension plans funded status holds steady despite pandemic

Retrieved on:

Thursday, September 23, 2021

Despite the early economic disruption of the COVID-19 pandemic, the average funded ratio among state and local pension plans has held steady at 72% for plans included in the Public Plans Database ( PPD ).

Key Points:

Despite the early economic disruption of the COVID-19 pandemic, the average funded ratio among state and local pension plans has held steady at 72% for plans included in the Public Plans Database ( PPD ).
As of August 2021, the public pension plans in the PPD held 28% of assets in alternative investments.
It contains detailed information on the 210 largest state and local DB pension plans in the U.S., representing 95% of all state and local pension assets and participants.
Additional report findings are as follows:
DB pensions are the most common form of state and local retirement plan, offered to 86% of state and local government employees.