401(k) Specialist Issue 3 - 2019 - 6
401(k) NEWS YOU CAN USE
Successful Business Owners Lack Retirement
Confidence (Wait, What?)
THEY'RE GETTING BETTER at helping employees save for retirement, and good at accumulating
wealth in general, but as their own retirement draws closer, business owners surprisingly
lack confidence in what the future holds.
According to TD Wealth's Business Owner Retirement Readiness Survey of over 1,000 highnet-worth
individuals who own a business, 95% of those surveyed are confident (very or somewhat)
that their financial plans will be able to generate the income needed during retirement.
However, as business owners actually approach retirement age, confidence dwindles.
Millennial business owners reported the highest confidence in their post-retirement
income, with 78% very confident that their long-term investment plans will lead to the
achievement of their goals, followed by Gen Xers at 69%.
Despite being the closest to retirement, of the age groups surveyed, only 59%
of baby boomers are very confident that their long-term plans will allow them to
achieve their goals.
ONLINE
EXTRA
Get Out! Are Older Workers
a Help or Hindrance?
FIFTY-THREE PERCENT of Americans age 50
and older say that people staying in the workforce
past 65 is a plus for the national economy,
and 50% say it is good for American workers in
general.
Younger Americans, however, are less positive
about this trend: 38% consider it good for the
economy, and 30% say it is good for American
workers, according to research conducted by The
Associated Press-NORC Center for Public Affairs
Research.
And at a time when many Americans must work
longer, age is increasingly seen as an employment
hinderance-even among older employees
themselves.
Fifty-eight percent of Americans over age 50 say
older workers face discrimination in the workplace,
and 75% consider their own age to be a
detriment when looking for a job.
In addition, among workers age 50 and older,
about a fifth feel they have been passed over for
promotion or raises due to their age. Only 6% of
older adults say their age is an advantage.
6
ISSUE 3 2019 | 401kSpecialist.com
AREA ROCK
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Words that describe
The Rolling Stones
and why the Alliance
for Lifetime Income is
proud to be the sole
official sponsor of
their 2019 'No Filter'
U.S. Stadium tour. "
- Press announcement
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401(k) Specialist Issue 3 - 2019
Table of Contents for the Digital Edition of 401(k) Specialist Issue 3 - 2019
Table of Contents
401(k) Specialist Issue 3 - 2019 - Cover1
401(k) Specialist Issue 3 - 2019 - Table of Contents
401(k) Specialist Issue 3 - 2019 - 1
401(k) Specialist Issue 3 - 2019 - 2
401(k) Specialist Issue 3 - 2019 - 3
401(k) Specialist Issue 3 - 2019 - 4
401(k) Specialist Issue 3 - 2019 - 5
401(k) Specialist Issue 3 - 2019 - 6
401(k) Specialist Issue 3 - 2019 - 7
401(k) Specialist Issue 3 - 2019 - 8
401(k) Specialist Issue 3 - 2019 - 9
401(k) Specialist Issue 3 - 2019 - 10
401(k) Specialist Issue 3 - 2019 - 11
401(k) Specialist Issue 3 - 2019 - 12
401(k) Specialist Issue 3 - 2019 - 13
401(k) Specialist Issue 3 - 2019 - 14
401(k) Specialist Issue 3 - 2019 - 15
401(k) Specialist Issue 3 - 2019 - 16
401(k) Specialist Issue 3 - 2019 - 17
401(k) Specialist Issue 3 - 2019 - 18
401(k) Specialist Issue 3 - 2019 - 19
401(k) Specialist Issue 3 - 2019 - 20
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401(k) Specialist Issue 3 - 2019 - 22
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401(k) Specialist Issue 3 - 2019 - 40
401(k) Specialist Issue 3 - 2019 - 41
401(k) Specialist Issue 3 - 2019 - 42
401(k) Specialist Issue 3 - 2019 - 43
401(k) Specialist Issue 3 - 2019 - 44
401(k) Specialist Issue 3 - 2019 - Cover3
401(k) Specialist Issue 3 - 2019 - Cover4
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