Retirement planning

Writing out retirement income plans is a great way for financial advisors to increase client satisfaction, gain more referrals and ultimately increase assets -- yet few of them do it, according to a new study from Fidelity Investments.

Half of all U.S. employees are really not happy at their jobs, according to Mercer’s latest survey which covers 2,400 workers in the United States. Nearly one in three wants to leave, up from 23% in 2005, including about 20% of boomers ages 45-65, the group most likely to approach financial planners.

Allianz Life Insurance on Monday released a new research paper, “Rethinking What’s Ahead in Retirement,” that finds Americans are now more concerned about guarantees and retirement income in retirement than they are on returns and control.

Investors whose financial advisers have presented them with detailed, written retirement income plans rate them highly, yet only 18% of pre-retirees who work with an adviser have a retirement income plan, a survey of 500 retirees, pre-retirees and advisers by Fidelity Investments found.

By addressing women’s unique investing issues, financial advisors can build up a roster of more loyal clients, a Bank of America Merrill Lynch panel said on Thursday.

Fifty-four percent of adults age 65 or older are confident in their retirement preparedness, according to Charles Schwab’s latest quarterly retirement pulse survey. But only 26% of those between the ages of 18 and 34 share those feelings.

Fifty-four percent of adults age 65 or older are confident in their retirement preparedness, according to Charles Schwab’s latest quarterly retirement pulse survey. But only 26% of those between the ages of 18 and 34 share those feelings.

A survey of 1,009 adults by Edward Jones on their retirement savings found good news and bad news. While 15% said their portfolios have recovered from the economic downturn, up from 12% in April 2010, 25% are not saving for retirement, up from 16% a year ago.

Nearly 10 million adult children over the age of 50 care for their aging parents, at an average cost of $324,044 in lost wages and Social Security benefits for women and $283,716 for men, according to a new study from MetLife, the National Alliance for Caregiving and New York Medical College.

A survey of 1,009 adults by Edward Jones on their retirement savings found good news and bad news. While 15% said their portfolios have recovered from the economic downturn, up from 12% in April 2010, 25% are not saving for retirement, up from 16% a year ago.

The Hartford is betting that enhancements to its variable annuity suite will pull it ahead of competitors in the race to offer investors secure retirement income options.

A new report from Metropolitan Life Insurance Co. suggests that financial advisers need to educate their clients better on the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did-presumably-when they were saving up for their golden years.

Even if they bite the bullet and stay on the job well past retirement age and late into their 70s, most Baby Boomers and the Gen-Xers who follow them will not have enough savings to cover their basic retirement expenses and out-of-pocket health costs.

A new report from MetLife this week suggests that financial advisors need to do a better job of educating their clients about the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did -- presumably -- when they were younger and saving up for their golden years.

Peter Drake, vice president of retirement and economic research at Fidelity Investments Canada, spoke of five retirement risks in a speech Monday at the Canadian Institute of Financial Planners’ annual conference in Ottawa.

Fidelity’s Drake on the Five New Retirement Risks

With implementation of the Dodd-Frank Wall Street Reform Act about to shower hundreds of new rules on capital markets, it's easy for other legislation to take on a cloak of invisibility.

Retirees and near-retirees are nearly panicked about their future. They fear they will live in poverty in their senior years, according to one-on-one interviews conducted with 264 Baby Boomers by Financial Engines, a supplier of automated investment advice online.

Financial advisers do their clients a grave disservice when they focus too closely on market returns instead of engaging in true wealth management, according to David Loeper, author of a new white paper called "Measuring Temperature with a Ruler: Is Your 'Wealth Manager' Really a 'Return Manager' in Disguise?" and his colleague Perry Chesney.

Poll of more than 200 financial advisors finds serious investor angst about their retirement prospects and apprehension about making the investments necessary to improve their outlook.