Retirement Trends

Improving retirement security in America has been one of the things that has had wide bipartisan support recently, and now Republican control of the Presidency, House, and Senate could make passing retirement legislation easier, says retirement industry insider David Blanchett.

These large asset management firms violated antitrust law through climate activism that resulted in reduced coal production and boosted energy prices, according to a lawsuit filed by Texas attorney general Ken Paxton.

Last week, the world’s largest retailer announced that it will start to unwind its Center for Racial Equity, as other employers, including Boeing, Ford and JPMorgan Chase, have recently backed away from their DEI policies.

Employees who start saving an additional $7,500 per year until age 67, while earning a modest 7% compounded annually, can add $250,000 to their retirement nest egg, says Ambassador Wealth Management’s Phill Battin.

Adoption can be improved by integrating annuities into target-date funds, and providing clear communication and professional guidance, says PGIM’s David Blanchett.

For the first time in years, Gen X reported slightly worse financial wellness than Gen Z, but the new catch-up contribution rules for next year will give them a boost, according to a new Guardian report.