Tag: Savings
Why retirees may want to buy an immediate annuity now
An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you...
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...
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...
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 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...
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...