FinTech

by Ryan W. Smith Retirement savings have always been a long term goal for most Americans. Studies and experts have continuously said that saving earlier is necessary to meet the retirement goals most people have. …

According to an international survey of over 18,000 people from 17 countries, with more than 1,000 Americans included, researchers at HSBC noted that just over one-third, 35%, of those asked said they wished they’d started …

According to an international survey of over 18,000 people from 17 countries, with more than 1,000 Americans included, researchers at HSBC noted that one of the main difficulties to maintaining a retirement savings plan is …

Saving early might not be enough to ensure a comfortable retirement, and continuing to save during difficult financial times is just as important as when a person begins saving for retirement. According to a global …

by Ryan W. Smith It is well known that Americans have long been behind the curve when it comes to retirement savings. However, in recent years a new trend is emerging, thanks in part to …

Data from Bank of America Merrill Lynch that the increase auto-enrollments into 401(k) plans has led to higher 401(k) participation, 85% of these auto enrollment plans also utilize an automatic increase in 401(k) contributions, usually …

A well-designed enrollment plan, including auto enrollment, has been shown to both participation rates and contribution rates. These plans work well, many believe, because it reduces the number of decisions an enrollee must make to …

Enrollments and contributions to 401(k)s rising each year from 2012-2015, a renewed focus on increasing 401(k) enrollment in the financial advisory industry has mostly been a success. According to data from Bank of America Merrill …

by Ryan W. Smith Technology has created an inverse incentive when it comes to financial decision making, according to the first-year-end report by Common Cents Lab, associated with Duke University in conjunction MetLife Financial. The …