PLANADVISER - March/April 2018 - 19
Half of
Couples
Discuss
Retirement
Savings
20-somethings are more
apt to broach the topic
than are pairs in their 30s
and up
ONLY 50% of the couples who participate
in their workplace retirement
plan talk about retirement savings
and investment decisions with their
spouse or partner all or most of the
time, Lincoln Financial Group learned
in a recent survey.
While 64% of couples in their 20s
discuss these crucial topics all or most
of the time, this drops to 56% for those
in their 30s and to just 48% for those
40 and older.
" Our Retirement Power study
showed that people participating in
their employer-sponsored retirement
plan are more confident and more optimistic
today than they were just five
years ago and that most understand
how much they need to save to be on
track for retirement, " says Jamie Ohl,
president, retirement plan services at
Lincoln Financial Group. " Now they
need to start having conversations
with their
significant
other
about
savings, and what they envision for
their retirement. "
The survey also found a disconnect
between the sexes when it comes
to believing that they work with their
spouse or partner to manage retirement
planning for their household:
49% of women say they do this, but
only 37% of men make the same claim.
-Lee Barney
TALKING POINTS
Moving the Goal Post
Fifty-three percent of women plan to retire
after the age of 65; 13% plan never to retire.
Source: Transamerica Center for Retirement Studies, " Here and Now: How Women Can Take Control of
Their Retirement "
Missing Out
In 2009 through 2014, notes a recent study,
just 13% of participants sought out advice.
Source: TIAA Institute, " New Evidence on the Demand for Advice Within Retirement Plans "
Tax Break
In a survey of 1,000 Americans, 35.7% of
respondents said they will use the additional
money in their paychecks due to the tax
reform legislation to pay down their debt
faster; 12.8% will put more toward retirement
saving; and 3.5% will invest the money in
the stock market.
Source: LendEDU
Reaching a Milestone
The average 401(k) balance was $104,300
at the end of 2017-up 13% from the close
of 2016. The average individual retirement
account (IRA) balance climbed to $106,000,
also a 13% year-over-year increase.
Source: Fidelity Investments
planadviser.com march-april 2018 | 19
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PLANADVISER - March/April 2018
Table of Contents for the Digital Edition of PLANADVISER - March/April 2018
2018 PLANSPONSOR Retirement Plan Adviser of the Year
Battling the Elements
Taking on Discretion
A QDIA In Transition
Working Down-Market
Retirement Income Options
2018 SEC Examination Priorities
Enforcement of the DOL Rule
Duty to Investigate
PLANADVISER - March/April 2018 - C1
PLANADVISER - March/April 2018 - FC1
PLANADVISER - March/April 2018 - FC2
PLANADVISER - March/April 2018 - C2
PLANADVISER - March/April 2018 - 1
PLANADVISER - March/April 2018 - 2
PLANADVISER - March/April 2018 - 3
PLANADVISER - March/April 2018 - 4
PLANADVISER - March/April 2018 - 5
PLANADVISER - March/April 2018 - 6
PLANADVISER - March/April 2018 - 7
PLANADVISER - March/April 2018 - 8
PLANADVISER - March/April 2018 - 9
PLANADVISER - March/April 2018 - 10
PLANADVISER - March/April 2018 - 11
PLANADVISER - March/April 2018 - 12
PLANADVISER - March/April 2018 - 13
PLANADVISER - March/April 2018 - 14
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PLANADVISER - March/April 2018 - 17
PLANADVISER - March/April 2018 - 18
PLANADVISER - March/April 2018 - 19
PLANADVISER - March/April 2018 - 20
PLANADVISER - March/April 2018 - 21
PLANADVISER - March/April 2018 - 22
PLANADVISER - March/April 2018 - 23
PLANADVISER - March/April 2018 - 2018 PLANSPONSOR Retirement Plan Adviser of the Year
PLANADVISER - March/April 2018 - 25
PLANADVISER - March/April 2018 - 26
PLANADVISER - March/April 2018 - 27
PLANADVISER - March/April 2018 - 28
PLANADVISER - March/April 2018 - 29
PLANADVISER - March/April 2018 - 30
PLANADVISER - March/April 2018 - 31
PLANADVISER - March/April 2018 - 32
PLANADVISER - March/April 2018 - 33
PLANADVISER - March/April 2018 - 34
PLANADVISER - March/April 2018 - 35
PLANADVISER - March/April 2018 - 36
PLANADVISER - March/April 2018 - 37
PLANADVISER - March/April 2018 - 38
PLANADVISER - March/April 2018 - 39
PLANADVISER - March/April 2018 - Battling the Elements
PLANADVISER - March/April 2018 - 41
PLANADVISER - March/April 2018 - 42
PLANADVISER - March/April 2018 - 43
PLANADVISER - March/April 2018 - Taking on Discretion
PLANADVISER - March/April 2018 - 45
PLANADVISER - March/April 2018 - 46
PLANADVISER - March/April 2018 - 47
PLANADVISER - March/April 2018 - A QDIA In Transition
PLANADVISER - March/April 2018 - 49
PLANADVISER - March/April 2018 - Working Down-Market
PLANADVISER - March/April 2018 - 51
PLANADVISER - March/April 2018 - Retirement Income Options
PLANADVISER - March/April 2018 - 53
PLANADVISER - March/April 2018 - 2018 SEC Examination Priorities
PLANADVISER - March/April 2018 - Enforcement of the DOL Rule
PLANADVISER - March/April 2018 - Duty to Investigate
PLANADVISER - March/April 2018 - C3
PLANADVISER - March/April 2018 - C4
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