Retirement

It's the perfect time for employers to encourage workers who aren’t participating in the 401(k) to consider easy, actionable financial New Year’s resolutions that can help them reach their retirement goals and avoid regrets, according to Nationwide.

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

The Council issued recommendations to the DOL to create a “tips document” to help fiduciaries in choosing QDIAs with lifetime income options, improve QDIA guidance, and provide for QDIAs in IRAs.

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.

The lawsuit alleged UnitedHealth CFO John Rex interfered with the company's decision to drop "one of the worst-performing target date options in the entire market.”

Gen Xers are increasingly turning to experts for financial guidance, with nearly four in 10 currently paying for advisor services, up from 29% just six months ago, according to a Nationwide study.