Here are three articles that caught our eye in the last week. Two retirement-related, and one that’s industry-specific.
21% of Americans now say they’ll retire later than planned
- Charles Schwab is out with a new survey of 401(k) participants. According to the results, saving enough for a comfortable retirement and job security are the two most significant financial stressors.
- 49% of respondents say they are somewhat likely to achieve their retirement savings goals.
- The potential for more savings, increased Social Security benefits, and reduced healthcare expenses are among the advantages of later retirement.
Career opportunities or retirement? Americans are flocking to these destinations for both
- Go west (or south), young (or old) man (or woman). The Top 25 cities for net growth over the last decade are all in the south or west.
- Florida, Texas, and the Carolinas factor prominently in this list.
- Note: These rankings are pre-pandemic.
SEC’s New Rule, Despite Its Name, Isn’t In Your ‘Best Interest’
- This article details the latest in an ongoing battle of whether or not a financial advisor should be held to the highest standard of care in dealing with clients (called the fiduciary standard) or a lesser standard.
- Regulation Best Interest requires disclosure of conflicts of interest, which typically arise when the advisor/broker earns commissions by selling their clients a financial product. However, Reg BI falls short of a true fiduciary standard.
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