Monday, August 15, 2022

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Fidelity: Retirement savers socking away more than ever, despite market lows

PROVIDENCE – Market lows are cutting into retirement account balances but they haven’t stopped savers from socking away more money, according to Fidelity Investments...
STARTING EARLY: Nick Loring, left, principal of Loring Advisory Group in Smithfield, speaks with client service associate Mike Primiani. Loring says the amount of financial advice available online allows millennials to take retirement seriously even though it’s more than three decades away. / PBN PHOTO/MIKE SKORSKI

Many millennials taking steps to have fat nest egg in retirement

How do millennials stack up when it comes to retirement savings as opposed to members of Generation X? According to a recent national survey, millennials...

Survey: Most Americans dip into savings

PROVIDENCE – More than half of the 1,029 Americans who answered a recent online survey admitted to tapping into their retirement savings account early. The...
THE PROVIDENCE metro area ranked No. 35 among the largest metro areas in the nation for the length of time it would take for a median income household without any nonessential expenses to save for a six-month emergency fund. / PBN FILE PHOTO/CHRIS BERGENHEIM

Report: Providence metro ranks poorly for savings potential

PROVIDENCE – The Providence-Warwick-Fall River metropolitan area ranked as the No. 35 best metro for savers in 2019 among the 50 largest metro areas...

Employers can help curb health care costs

Technology continues to reshape how employers select and offer health care benefits to employees, putting access to information at our fingertips and creating a...

Americans have been saving much more than thought, new data show

NEW YORK - Americans may not be so spendthrift after all. U.S. households have been socking away a lot more money in recent years than...
DESPITE RISING WAGES and increasing employment, Americans are not increasing their savings. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON

Despite job gains and wage growth, Americans aren’t saving

NEW YORK - Despite recent job gains, rising wages and falling unemployment, almost a quarter of Americans said they still have no emergency savings, according to...
GETTING INVOLVED: Malcolm A. Makin, president of Professional Planning Group, says it’s critical for women to be involved when financial decisions are made. / PBN FILE PHOTO/MICHAEL SALERNO

Women urged to close savings gaps

Americans aren’t saving enough, in general. And women, in particular, have reasons to be concerned. They live longer, which means their savings must last longer. Because...

Save for retirement before kids’ college

Every year, investment firm T. Rowe Price does an annual survey called “Parents, Kids and Money.” Buried in that survey I found some alarming...

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