Issues in retirement security

FinanceHQ Launches Out of Stealth Mode to Help Match Individuals with Financial Advisors, Names Alex Choi CEO

Retrieved on: 
Tuesday, October 17, 2023
Fintech, Asset Management, Professional Services, Finance, Apple, ABN AMRO, Morgan Stanley, Strategy, RIA, ABN, Adviser, Silicon Valley Bank, Bank of America, Education, Head, Betterment, Bank, Merrill (company), Parikh, Cryptocurrency, Financial adviser, Expedia, Issues in retirement security

FinanceHQ , a platform that connects individuals with trusted financial advisors and resources, has launched out of stealth mode and named Alex Choi as CEO.

Key Points: 
  • FinanceHQ , a platform that connects individuals with trusted financial advisors and resources, has launched out of stealth mode and named Alex Choi as CEO.
  • FinanceHQ was founded to help individuals plan a better financial future.
  • “Financial advisors provide critical guidance to help navigate life's financial milestones.
  • After a rigorous vetting process, FinanceHQ onboards qualified financial advisors and matches them with individuals seeking advice.

Back On! Rolling Stones Announce New Dates for U.S. Tour with Alliance For Lifetime Income As Sole Sponsor

Retrieved on: 
Thursday, July 22, 2021
Taxation in the United States, Ageing, Economic inequality, Issues in retirement security, Retirement, 501(c) organization, Articles, Economy, Distribution of wealth

"As the sole sponsor of the Rolling Stones 'No Filter' tour, the Alliance for Lifetime Income can't wait to hit the road with the band again this year.

Key Points: 
  • "As the sole sponsor of the Rolling Stones 'No Filter' tour, the Alliance for Lifetime Income can't wait to hit the road with the band again this year.
  • "We've all spent the past 16 months focused on protecting our health and fighting back a global pandemic.
  • The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement.
  • We believe focusing attention and conversations on retirement income that lasts throughout life leads to greater retirement security for millions of Americans.

Renée Wilder Guerin Joins Retirement Clearinghouse as Executive VP of Public Policy

Retrieved on: 
Tuesday, July 20, 2021
Retirement plans in the United States, 403, WILDER, Issues in retirement security, Pension, Articles, Economy, Finance

CHARLOTTE, N.C., July 20, 2021 /PRNewswire/ -- Retirement Clearinghouse, LLC has appointed Rene Wilder-Guerin to serve as the firm's Executive Vice President of Public Policy.

Key Points: 
  • CHARLOTTE, N.C., July 20, 2021 /PRNewswire/ -- Retirement Clearinghouse, LLC has appointed Rene Wilder-Guerin to serve as the firm's Executive Vice President of Public Policy.
  • As a member of Retirement Clearinghouse's executive leadership team, Ms. Wilder Guerin's primary responsibility will be to drive support for public policy matters aiming to preserve retirement savings and increase retirement security for all Americans.
  • Earlier in her career, Ms. Wilder Guerin was Executive Director and CEO of the National Tax-Deferred Savings Association, an organization focused on 403(b) and 457(b) retirement markets.
  • "Extending a nationwide retirement plan network, where Americans' hard-earned retirement savings can be transported and preserved as they change jobs, will help build a more secure retirement future for millions of people across the country," said Rene Wilder Guerin, Executive Vice President of Public Policy for Retirement Clearinghouse.

New Research Finds Millennials and Gen X Increasingly Concerned About Retirement in Wake of Pandemic

Retrieved on: 
Monday, July 19, 2021
Demographics, Articles, Demography, Millennials, Issues in retirement security, Strauss–Howe generational theory, Generation, Social Security, Retirement, Pension, Generation Z in the United States, Neil Howe

Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic.

Key Points: 
  • Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic.
  • New research finds that Millennials and Generation X are more worried about retirement as compared to older generations.
  • The research finds strong support for pensions and Social Security, both of which provide stable and predictable income that lasts through retirement.
  • There is generational agreement that the U.S. faces a retirement crisis, with Millennials and Generation X most pessimistic about retirement.

Equable Institute Finds a Majority of Public Workers Aren't Provided an Adequate Path to Retirement Security

Retrieved on: 
Thursday, June 24, 2021
Economy, Ageing, Economic inequality, Issues in retirement security, Retirement, Articles, Pension, Labor, Social Security, Railroad Retirement Board

The report also reveals that 3 of 4 statewide public retirement plans provide adequate retirement income for full career workers, regardless of plan type, provided they spend their entire career enrolled in the same plan.

Key Points: 
  • The report also reveals that 3 of 4 statewide public retirement plans provide adequate retirement income for full career workers, regardless of plan type, provided they spend their entire career enrolled in the same plan.
  • Equable Institute Finds a Majority of U.S. Public Workers Aren't Provided an Adequate Path to Retirement Income Security
    The Retirement Security Report is an interactive, digital evaluation of the quality of retirement benefits offered to public workers nationwide using customizable score cards for all 335 statewide retirement plans currently open to new hires.
  • While most analyses of public retirement plans focus on the sustainability of public retirement systems and their costs, the Retirement Security Report is focused on the value of benefits being offered to public sector workers to determine if individual plans are providing a path to retirement income security for municipal employees, public safety officers, state workers, and teachers based on career tenure and age.
  • "Retirement plans should prioritize putting their members on a path to adequate retirement income security.

Two of three Canadians have saved nothing for retirement during COVID, retirement tops list of worries: new research from HOOPP and Abacus Data

Retrieved on: 
Thursday, June 17, 2021
Pension, Personal finance, Issues in retirement security, Articles, Economy, Demography

The survey also found a widespread belief that better access to workplace pensions is needed to avoid a retirement crisis.

Key Points: 
  • The survey also found a widespread belief that better access to workplace pensions is needed to avoid a retirement crisis.
  • After more than a year of COVID-19, Canadians remain steadfast in their personal and societal concerns around retirement security, said Steven McCormick, SVP, Plan Operations, HOOPP.
  • Almost half (46%) of Canadians said theyve saved more money during COVID than they otherwise would have.
  • Canadians aged 44 and younger are twice as likely to have had their finances greatly harmed (24%) than Canadians 60+ (11%).

Next-gen retirement income solutions must be fueled by technology and customization, PGIM study finds

Retrieved on: 
Tuesday, April 27, 2021
Other Professional Services, Insurance, Human resources, Finance, Consulting, Professional services, Technology, Other Technology, PGIM, Prudential Financial, Pru, Issues in retirement security, Articles, Economy

b'While workplace retirement savings plans have evolved significantly over the last four decades, they still fall short in providing workers with lifetime retirement security.

Key Points: 
  • b'While workplace retirement savings plans have evolved significantly over the last four decades, they still fall short in providing workers with lifetime retirement security.
  • New research from PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. ( NYSE: PRU ), finds that while most defined contribution (DC) plans offer tools and advice, meaningful retirement income solutions are still not commonplace.
  • But there\xe2\x80\x99s one thing most (72%) plan sponsors do agree on: technology-enabled customized solutions are necessary to meet retirement income needs.\nThis press release features multimedia.
  • This ranking represents global assets under management by PFI as of March 31, 2020.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210427005155/en/\n'

National Institute on Retirement Security Hosts 12th Annual Retirement Policy Conference on April 12 -14th

Retrieved on: 
Tuesday, April 6, 2021
National Institute on Retirement Security, NIRS, Economy, Issues in retirement security, Articles, Pension, Retirement, Labor

Additional speakers and panelists include:

Key Points: 
  • Additional speakers and panelists include:
    Ana Hernandez Kent, Federal Reserve Bank of St. Louis
    The National Institute on Retirement Securityis a not-for-profit organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers, and the economy through national research and education programs.
  • Located in Washington, D.C., NIRS has a diverse membership of organizations interested in retirement security including financial services firms, retirement plan sponsors and service providers, and trade associations among others.
  • More information is available at http://www.nirsonline.org .
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/national-institute-on-retirement...

A New Retirement Security Framework Is Required to Meet Unprecedented Challenges Posed by "Peak 65" Moment

Retrieved on: 
Tuesday, March 30, 2021
Economy, Articles, Pension, Personal finance, Issues in retirement security, Retirement, Finance, Pensions crisis

Absent private sector pensions, Americans need to find a new way to turn accumulated retirement savings into a "pension-like" stream of protected income.

Key Points: 
  • Absent private sector pensions, Americans need to find a new way to turn accumulated retirement savings into a "pension-like" stream of protected income.
  • Pensions have virtually disappeared and we're in an ultra-low interest rate environment making it hard to generate risk-free retirement income.
  • Meeting the challenges presented by Peak 65 will require collective action on the part of all stakeholders in the retirement ecosystem.
  • We believe focusing attention and conversations on retirement income that lasts throughout life leads to greater retirement security for millions of Americans.

Floridians Strongly Support Pensions For Public School Teachers

Retrieved on: 
Thursday, March 18, 2021
Pension, Personal finance, Issues in retirement security, Articles, Economy

Other states that have replaced pensions with 401(k)-style accounts have seen taxpayer costs escalate while weakening public employers' ability to recruit and retain experienced employees and undermining retirement security .

Key Points: 
  • Other states that have replaced pensions with 401(k)-style accounts have seen taxpayer costs escalate while weakening public employers' ability to recruit and retain experienced employees and undermining retirement security .
  • "It is encouraging to see such overwhelming public support for the economic security of Florida teachers," said Nancy Hosie , a retired St. Lucie County science teacher and president of FREA.
  • The statewide poll of working-age Floridians finds:
    There is overwhelming public support for teacher pensions in Florida.
  • Meanwhile, 76 percent agree it would be unfair to offer pensions to some Florida public employees, like police officers and firefighters in, but not to teachers.