New research from Schwab Retirement Plan Services finds that although 401(k) participants believe they need $1.7 million, on average, to retire, many are not investing enough to reach that goal. Half of those surveyed (51%) are contributing 10 percent or less of their salary to their 401(k).
Research and Thought Leadership
Modern Wealth Survey 2019
More than a third of Americans admit their spending habits have been influenced by images and experiences shared by their friends on social media and confess they spend more than they can afford to avoid missing out on the fun, according to Schwab’s 2019 Modern Wealth Index Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth.
Employers that move with the times will likely see the best return on their benefit investments
Although many plan sponsors find employee engagement to be a challenge, there are things that can be done that may help increase interaction and improve financial wellness.
Regulatory and Legislative
Read the latest update from Mike Townsend.
Schwab Ranks #1 in Large Plan Segment in J.D. Power Retirement Plan Participant Satisfaction Study for Second Year in a Row
Charles Schwab has earned the highest ranking in overall satisfaction in the J.D. Power 2019 Retirement Plan Participant Satisfaction Study in the large plan segment. Schwab also ranked highest in the J.D. Power 2018 Group Retirement Satisfaction Study in the large plan segment.
Charles Schwab Recognized as One of the 50 Most Community-Minded Companies in the United States for the Third Year in a Row
Charles Schwab has been named an honoree of The Civic 50 by Points of Light, the world’s largest organization dedicated to volunteer service, for the third year in a row. The Civic 50 recognizes the most community-minded companies in the United States.
2019 Mid-Year Outlook: Rate Expectations
In the first half of 2019, major stock indexes including the S&P 500® reached new highs, yet the outlook for global economic growth softened. Recession risk has risen, and rising tariffs have created even more uncertainty. We believe a few themes will be important to watch in the second half of the year.