Retirement Trends

On Wednesday, the Federal Reserve left its benchmark interest rate unchanged – in the 5.25%-5.50% range – for the second meeting in a row.

The retirement planning landscape needs to adopt a "more personal" approach to help people "navigate the unexpected," like job losses, caregiving and other financial hardships, according to a new Goldman Sachs report.

The Labor Department proposed new rules on Tuesday that would ensure financial advisors make recommendations "in the saver's best interest" and not sell them lower-returning products in order to maximize their own fees.

Evaluating and designing a benefits package that packs a punch is a big lift that requires the involvement of an organization's top decision makers, who may want to assess employees' needs, preferences and expectations. .

Hourly workers – who are 56% of the workforce – are less confident they'll have a comfortable retirement compared to salaried workers, while 25% of all workers say their employer doesn't offer a retirement plan, says a new survey.

Despite nagging inflation, 401(k) plans saw record-highs in participation, deferral rates and the use of professionally managed allocations in 2022, according to Vanguard.