Viewpoints

Fidelity® Q3 2023 Retirement Analysis: Workers Commit to the Long-Term While Navigating Uncertain Markets and Short-Term Challenges

Retrieved on: 
Monday, November 20, 2023
Women, Personal Finance, Baby Boomers, Men, Accounting, Professional Services, Consumer, Generation Z, Contract management, Gen, Workforce, Viewpoints, Hardship, Fidelity, Advice, Retirement, Growth, Workplace, Financial adviser, Bank, Nursing, Q2, Q3, IRA

The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).

Key Points: 
  • The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).
  • Across generations, Roth IRAs continue to be the preferred retail retirement savings vehicle, with 61.2% of all IRA contributions going to Roth.
  • “It’s impressive to see Gen Z entering the workforce and prioritizing retirement savings,” said Rita Assaf, head of Retirement Products.
  • Hardship withdrawals: In Q3, 2.3% of workers took hardship withdrawal, up from 1.8% in Q3 2022.

Fidelity Research: Emergency Savings Ranked the No. 1 Savings Goal After Retirement

Retrieved on: 
Thursday, October 12, 2023
Asset Management, Professional Services, Finance, Multimedia, Team, Fidelity, Research, Emergency, Behavior, Legislation, Workforce, Whole Foods Market, News, Starbucks, Viewpoints, Health insurance, Management

View the full release here: https://www.businesswire.com/news/home/20231012260247/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231012260247/en/
    To help ease the burden so many employees are under, many employers are adding workplace emergency savings programs to their growing roster of financial wellness benefits.
  • “The good news is many employers are stepping up to support the financial wellness of their workforce with emergency savings benefits.
  • The company is launching an emergency savings program in January 2024 to help its team members save for an unexpected expense.
  • For more information on how to start building up your emergency savings, Fidelity offers a number of resources, including Viewpoints articles such as “ Emergency fund: What it is and why you should have one ” and “ Why everyone needs an emergency fund .”

Introducing "Viewpoints": A Public Safety Podcast Powered by Equature

Retrieved on: 
Wednesday, August 23, 2023
POV, Parent, Human, Kid, Part 1, Family, Part, Viewpoints

SOUTHFIELD, Mich., Aug. 23, 2023 /PRNewswire/ -- Public safety professionals nationwide are invited to gain fresh perspectives and valuable insights through "Viewpoints", a podcast proudly powered by Equature.

Key Points: 
  • SOUTHFIELD, Mich., Aug. 23, 2023 /PRNewswire/ -- Public safety professionals nationwide are invited to gain fresh perspectives and valuable insights through "Viewpoints", a podcast proudly powered by Equature.
  • Since its inception in January 2022, this dynamic podcast has aimed to spark meaningful conversations on the public safety profession.
  • The public safety sector is an intricate field that demands dedication and a nuanced understanding of the communities it serves.
  • Cherie Bartram, an experienced, respected voice in public safety, guides listeners through a myriad of topics crucial to the world of public safety.

Fidelity® Q2 2023 Retirement Analysis: Retirement Account Balances Move Up for Third Straight Quarter

Retrieved on: 
Thursday, August 17, 2023
Personal Finance, Accounting, Professional Services, Baby Boomers, Millennials, Asset Management, Data Analytics, Generation Z, Generation X, Consumer, Finance, Workforce, Baby boomers, Emergency, Gen, Personal, Federal, Viewpoints, Retirement, Contract management, Growth, Fidelity, Financial adviser, Bank, Security (finance), Q2, IRA

The total savings rate for the second quarter, reflecting a combination of employee and employer 401(k) contributions was 13.9%, mirroring the savings rate of Q2 2022.

Key Points: 
  • The total savings rate for the second quarter, reflecting a combination of employee and employer 401(k) contributions was 13.9%, mirroring the savings rate of Q2 2022.
  • The total number of IRA accounts rose to 14.3 million, an 11% increase over Q2 2022; total assets have grown 14.3% this past quarter.
  • Across generations, Roth IRAs continue to be the retail retirement savings vehicle of choice, with 59.1% of all IRA contributions going to Roth in Q2 2023.
  • Average long-term balances for 5, 10 and 15 year continuous savers saw double digit increases in their balances in the last year.

Fidelity® Q1 2023 Retirement Analysis: Despite Economic Challenges, Retirement Account Balances Continue to Rise

Retrieved on: 
Thursday, May 25, 2023
Professional Services, Consumer, Finance, Asset Management, Generation Z, Personal Finance, Workforce, Gen, Personal, Tax, Millennials, Viewpoints, Retirement, Growth, Weather, Fidelity, Female, Financial adviser, Life insurance, IRA

Gen Z account balances are up 34% from Q1 2022, making them the generation with the most account growth over the last year.

Key Points: 
  • Gen Z account balances are up 34% from Q1 2022, making them the generation with the most account growth over the last year.
  • Additionally, IRA accounts owned by female Millennials6 increased by 19% between Q1 2022 and Q1 2023.
  • Across generations, Roths are the retail retirement savings vehicle of choice, with 58.4% of all IRA contributions going to Roth in Q1 2023.
  • For additional information on Fidelity’s Q1 2023 analysis, click here to access Fidelity’s “Building Financial Futures” overview, which provides additional details and insight on retirement trends and data.

Fidelity Study: Despite Concerns About the Future, Two-Thirds of Small Businesses Do Not Currently Offer Retirement Savings Benefits

Retrieved on: 
Thursday, May 11, 2023
Other Professional Services, Human Resources, Finance, Start-Up, Consulting, Small Business, Professional Services, Business, IRAS, Small business, SIMPLE, Face, Multimedia, Viewpoints, Retirement, Boss, PEPS, SEP, News, Fidelity, Life insurance, Financial adviser

According to Fidelity Investment’s 2023 Small Business Retirement Index , there is an opportunity for small employers to offer competitive retirement benefits with only one-third (34%) of small employers currently offering retirement savings to employees today.

Key Points: 
  • According to Fidelity Investment’s 2023 Small Business Retirement Index , there is an opportunity for small employers to offer competitive retirement benefits with only one-third (34%) of small employers currently offering retirement savings to employees today.
  • View the full release here: https://www.businesswire.com/news/home/20230511005084/en/
    Why small businesses that offer a retirement plan choose to do so, according to Fidelity's 2023 Small Business Retirement Index.
  • (Graphic: Business Wire)
    Of those that do not offer a plan, almost half (48%) say they do not believe they can afford one.
  • Additional findings from Fidelity Investment’s 2023 Small Business Retirement Index can be found here , and resources on retirement options for small businesses can be found here, as well as in the Viewpoints piece “ No 401(k)?

COLDWELL BANKER COMMERCIAL PAVES THE WAY FOR THE FUTURE OF COMMERCIAL REAL ESTATE WITH NEW WEBSITE

Retrieved on: 
Tuesday, April 18, 2023
Communication, Coldwell, CRE, Coldwell Banker, SIOR, NYSE, Viewpoints, Online shopping

MADISON, N.J., April 18, 2023 /PRNewswire/ -- Coldwell Banker Commercial® , an Anywhere (NYSE: HOUS) brand, announces the launch of their all-new website, www.cbcworldwide.com .

Key Points: 
  • MADISON, N.J., April 18, 2023 /PRNewswire/ -- Coldwell Banker Commercial® , an Anywhere (NYSE: HOUS) brand, announces the launch of their all-new website, www.cbcworldwide.com .
  • The new website introduces new ways for commercial real estate users and investors to search for property as well as introduces a new experience for Coldwell Banker Commercial clients and affiliated professionals as they work on transactions.
  • "The new Coldwell Banker Commercial website reflects the future of the company and completes our global rebrand," said David Marine, chief marketing officer of Coldwell Banker Commercial.
  • "The Coldwell Banker Commercial brand has always been a leader in real estate, we have been pathfinders since 1906," said Dan Spiegel, SIOR, senior vice president and managing director, Coldwell Banker Commercial.

Fidelity® 2022 Retirement Analysis: In the Midst of Inflation and Uncertainty, Retirement Account Balances Are Rising

Retrieved on: 
Thursday, February 23, 2023
Generation X, Baby Boomers, Finance, Asset Management, Banking, Professional Services, Consumer, Generation Z, Personal, IRA, Millennials, Workforce, Growth, Retirement, Viewpoints, Woman, Habit, Fidelity, Gen, Bank, Financial adviser

Gen Z account balances are also up 14% from Q4 2021, which makes them the only group that had positive growth over the last year.

Key Points: 
  • Gen Z account balances are also up 14% from Q4 2021, which makes them the only group that had positive growth over the last year.
  • As of Q4, 84% of Gen Z savers have all of their 401(k) savings in a target date fund.
  • Across generations, Roths tend to be the retail retirement savings vehicle of choice, with 61.3% of all contributions going into a Roth in Q4 2022.
  • Gen Z is making major strides with retirement savings, opening 71% more IRA accounts compared to Q4 2021.

Advyzon Releases 2022 Billing & Fee Study and White Paper Titled, "What Fee Models Are Advisors Using?"

Retrieved on: 
Tuesday, December 20, 2022
IARS, SCALE, ACP, Growth, Special adviser (UK), Consultant, RIAS, Senior, Business, Viewpoints, CRM, RIA, Phil Ranstrom, Research, Trailhead, Financial adviser, Financial services

CHICAGO, Dec. 20, 2022 /PRNewswire/ -- Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, recently released "What Fee Models Are Advisors Using?", a white paper based on original research that analyzes which fee models independent financial advisors (IARs and RIAs) are using today (and why), shares recent trends in billing and fees, and offers insights into where the industry may be headed.

Key Points: 
  • CHICAGO, Dec. 20, 2022 /PRNewswire/ -- Advyzon , a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, recently released "What Fee Models Are Advisors Using?"
  • Advyzon conducted the same billing study in 2021 , sharing insights from more than 800 firms.
  • Data for the 2022 study was pulled from over 1,000 firms anonymously to protect firm and client data.
  • In addition to spearheading the data pull and analyzing the data, Charles Rowlan, Senior Vice President for Business Development at Advyzon, authored the white paper.

Fidelity® Q3 2022 Retirement Analysis: Despite Continued Volatility, Retirement Fundamentals Remain Sound

Retrieved on: 
Thursday, November 17, 2022
Other Professional Services, State, Local, Public Policy, Generation Z, Finance, Labor, Professional Services, Women, Seniors, Public Policy, Government, Asset Management, Men, Millennials, Personal Finance, Family, Consumer, Workforce, Generation Z, Investment, DB, Fidelity, IRA, Fidelity Investments, AUA, Part, Gen, Loss, Pew, Viewpoints, Woman, HSA, Target date fund, Retirement, Pew Research Center, Tax, Participation, Risk, Workplace, Movement, Bank, Health insurance, Insurance, Life insurance, Financial adviser, Financial services, Q3, Millennials, Q2

“The market has taken some dramatic turns this year, including the best month this past October since 1976,” said Kevin Barry, president of Workplace Investing at Fidelity Investments. “Retirement savers have wisely chosen to avoid the drama and continue making smart choices for the long-term. This is important, because one of the most essential aspects of a sound retirement savings strategy is contributing enough consistently – in up markets, down markets, and sideways markets -- to help reach your goals.”

Key Points: 
  • The total number of Fidelity IRA accounts continues to climb, reaching 13.2 million, an 11.2% increase over Q3 of last year.
  • The number of accounts reporting a contribution also increased by 2.3% year-to-date between Q3 2021 and Q3 2022.
  • Across generations, Roths tend to be the retail retirement savings vehicle of choice, with 61% of all contributions going to a Roth in Q3 2022.
  • Despite inflationary pressures, the percentage of 401(k) savers initiating a new loan continues to remain low, with only 2.4% of participants doing so in Q3.