Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new data from the Plan Council of America show.
National Institute on Retirement Security research finds pension plans alone often don’t provide retirement income adequacy for state and local government employees.
Morningstar increased its recommended withdrawal rate for retirees from last year and continues to see best outcomes for participants in both bonds and stocks.
Although women live longer than men, many retire earlier than planned and few can save enough reach the income replacement levels as men in retirement.
Average balances decreased in the third quarter, according to the Charles Schwab report on employees invested in the Schwab Personal Choice Retirement Account.
Institutional investors are incorporating environmental, social and governance factors into investment decision-making this year at the lowest rate since 2017, Callan data shows.
Despite WTW data showing broad employer salary increases in the U.S. for 2023, three-quarters of the 1,550 U.S employer respondents report persistent problems recruiting and retaining employees.