Vanguard has launched a new target retirement fund for Generation Y investors intended to start them on the road to successful investing.
Prudential Retirement is now offering J.P. Morgan SmartRetirement Target Date Strategies and Fidelity VIP (Variable Insurance Product) Freedom Funds in its line-up of target-date funds with a guaranteed lifetime income component.
Ronald O'Hanley has emerged as an outspoken force inside Fidelity Investments, giving a speech on Thursday that touched on sex, drugs and revolution as he warned that young Americans face getting a raw deal from the U.S. retirement system.
U.S. Retirement Market Projected to Hit $22 Trillion by 2016 The U.S. retirement market is projected to grow to nearly $22 trillion by 2016. That represents a 38% increase from an estimated $16 trillion mark for the end of 2011, due mostly to continuing market recovery.
Americans overall arent saving enough for retirement, and as a group, women especially seem not to be prepared. Only 8% of women workers believe that theyre building a large enough retirement fund for themselves, according to the Transamerica Center for Retirement Studies.
Participants in employer-sponsored retirement plans are hungry for investment guidance and willing to use automatic enrollment features to achieve their goals, according to results of a survey of changing attitudes toward retirement readiness released by State Street.
Retirement Projected to Hit $22 Trillion by 2016; Fund Uses Student Research; Gets Morningstar Five Stars; Deutsche Boerse: It's a Black Day for Europe
Americans of all political leanings have one key characteristic in common: fear of straining to make ends meet in retirement.
Affluent women have $250K saved. Men? $400K.
Firms Divided on Approach to Retirement Income