Retirement Trends

Driven by lower fees, plan sponsors often choose collective investment trusts (CITs) as the preferred vehicle for target date funds over mutual funds, according to Morningstar.

Virtual meetings made up 80% of the sessions that Schwab offered in 2022 and, post session, more than 90% of participants agreed they felt prepared to take the next step in their financial journey,

When employees can't pay for emergency expenses, they stress about money during working hours – and this has ripple effects not only impacting their retirement savings, but their ability to be productive.

For low- and moderate-income workers, access to emergency savings accounts is likely to boost retirement contributions, according to a new Commonwealth report.

In the defined contribution market, the first quarter of 2023 saw an spike in lawsuits and a drop in retirement confidence, however, Congress' main priority now is SECURE 2.0 implementation, according to Mercer.

The cuts in savings mirror a larger financial challenge, with 30% of Americans finding it difficult to make ends meet and 39% lacking nonretirement savings sufficient to cover one month of living expenses, says a new study.