Many Americans are worried they won’t have enough money to retire. As living costs rise, nearly one-third (30%) of Americans are not confident they will be able to cover day-to-day expenses for the remainder of their lives, and 63% of Americans believe the dream of retiring between the typical ages of 65 and 70 is unattainable, a recent TIAA survey found. Find Out: Dave Ramsey Warns: This Common Habit Can Ruin Your Retirement Read Next: 25 Places To Buy a Home If You Want It To Gain Value However, money e ...

Financial Data and Key Metrics Changes - Firm-wide assets under management (AUM) reached $860 billion, with Bernstein Private Wealth at a record high of $153 billion [4][5] - Adjusted earnings per unit for Q3 increased by 12% year-over-year to $0.86, with net revenues at $885 million, a 5% increase compared to the prior year [25][26] - Total performance fees decreased by $6 million to approximately $20 million [25] - Adjusted operating income rose by 15% year-over-year to $303 million, reflecting a strong margin expansion of 290 basis points [28][34] Business Line Data and Key Metrics Changes - Institutional asset management business AUM stands at $351 billion, while the retail platform serves $356 billion [4] - Tax-exempt fixed income saw over $4 billion in inflows, marking 11 consecutive quarters of positive organic growth [6][7] - Private markets generated nearly $3 billion in net inflows, with strong origination for investment-grade corporate and ABS private placements [7] - Active equities experienced over $6 billion in outflows, while structured and defensive strategies attracted inflows [7][13] Market Data and Key Metrics Changes - U.S. equity markets delivered strong returns, with the S&P 500 returning 8.1% in Q3 [11] - Emerging markets outperformed, while global developed equities underperformed compared to the U.S. [12] - The firm is seeing increased inquiries for international equity strategies, particularly from outside the U.S. [49] Company Strategy and Development Direction - The company is focused on expanding its third-party insurance asset management business and has partnered with Fortitude for strategic investments [8][9] - The strategic alliance with Equitable enhances the firm's client-centric asset-light approach, allowing for the scaling of higher-fee private alternative strategies [9] - The firm aims to achieve $90 to $100 billion in private markets AUM by 2027, leveraging existing investment teams and strategic partnerships [24] Management's Comments on Operating Environment and Future Outlook - Management maintains a positive outlook on fixed income, anticipating a reallocation wave as bonds regain diversification value [11] - The firm is optimistic about capturing growth opportunities in Asia, particularly in taxable fixed income [47][61] - Management acknowledges potential volatility in public markets but remains confident in the firm's ability to navigate challenges [43][62] Other Important Information - The firm has successfully expanded its private markets platform to nearly $80 billion, representing a 17% year-over-year growth [22] - The effective tax rate for the third quarter was 6%, in line with full-year guidance [28] Q&A Session Summary Question: Clarification on the insurance opportunity and Ruby Re - Management confirmed that the timing of funding for Reinsurance Group of America has not changed and is proceeding as planned [40] Question: Insights on private credit and credit quality - Management noted competitive environments in private credit but reassured that there is no broader material deterioration in credit quality [42] Question: Update on Asia business and investor reactions - The firm observed improvement in its Asia business, particularly in taxable fixed income, despite external market noise [47] Question: Clarification on capital allocation strategy and buybacks - Management indicated that the light buyback this quarter was due to timing and not related to Equitable [57] Question: Discussion on bond reallocation and performance - Management expressed confidence in benefiting from bond reallocation trends, particularly in Asia [60]

There’s a major gap between how much Americans they’ll need for retirement and how much they’ve actually saved. According to the Northwestern Mutual 2025 Planning & Progress Study, for example, Americans say they’ll need $1.26 million to retire comfortably. But Kiplinger said the median net worth at age 65 in America is just about $400,000. Discover More: Here’s How Much You Need To Retire With a $100K Lifestyle Read Next: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Yet, while this gap ...

Long-Term Care Needs & Costs - Government data indicates that approximately 70% of individuals turning 65 today are likely to require some form of long-term care services [1] - Long-term care, whether due to injury, illness, or aging, can be financially burdensome [1] - The podcast episode addresses the financial implications of long-term care without insurance [1] Long-Term Care Insurance - Long-term care insurance is presented as a strategy to safeguard personal and family finances [1] - The discussion covers the definition, cost, and coverage aspects of long-term care insurance [1] - The content explores both traditional and hybrid long-term care insurance policies [1] - The podcast aims to answer questions about long-term care insurance, including eligibility and timing [1] Resources & Support - The Alzheimer's Association is mentioned as a resource, providing a helpline at (800) 272-3900 and online information [1] - Fidelity Investments provides resources on hybrid life insurance with long-term care benefits [1] - Fidelity Investments encourages engagement through various social media platforms [1]

Core Insights - The primary concern for both active (34%) and retired (35%) 401(k) plan participants is the risk of outliving their retirement assets [1] - Inflation is a significant worry for 17% of active participants, while 19% of retired participants cite economic downturns as their top concern [2] - A majority of Gen Z (58%) and millennials (58%) expect their 401(k) accounts to be their main source of retirement income, aligning with 49% of all age groups [4][5] Group 1: Participant Concerns - 34% of active and 35% of retired participants are most concerned about their retirement assets lasting [1] - 18% of active and 32% of retired participants worry about health changes [1] - 17% of active participants identify inflation as their top financial worry, while 19% of retired participants cite economic downturns [2] Group 2: Generational Perspectives - 5% of Gen Z and 16% of millennials plan to rely on Social Security as their primary income source in retirement [3] - 33% of Gen Z feel "very confident" about maintaining their standard of living in retirement, compared to lower confidence levels in older generations [3] Group 3: Financial Advice Sources - 38% of active participants without a financial advisor rely on their retirement savings account provider for advice [6] - 24% seek guidance from their current or former employer, while 13% do not seek outside advice [6] Group 4: Spending and Loans - 58.5% of households taking out loans from their defined contribution plans saw healthcare spending rise by 10% or more [9] - 10.9% of DC plan participants took out a loan during the year of interest, with the highest prevalence among those aged 40-59 [11] - Participants with higher credit card debt are more likely to take out loans, with 20% of those with a high credit card debt/limit ratio doing so [12]

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 54 with 26 years of service as a nurse. We go by the rule of 80 (your age plus years of service = 80) on our retirement plan. It will cover my health insurance. My pension will be around $7,000 per month minus taxes. I have a combined $750,000 in a 403(b) and Roth IRA. I also have $150,000 in stocks that aren’t doing well, $250,000 in real estate property earning $600 per month and $100,000 in cash. Can ...

You’re out with friends, and the conversation turns to retirement planning — specifically, how everyone’s 401(k) is doing. As your friends discuss upping their contributions to get an employer match, you sip your drink, hoping not to be noticed. You don’t have a 401(k), and you’re worried this means you’re doomed financially. For You: Pre-Tax vs. Roth: Why This One Retirement Decision Confuses So Many People Learn About: 3 Advanced Investing Moves Experts Use To Minimize Taxes and Help Boost Returns But y ...

Core Insights - The article discusses strategies for managing a $1.5 million IRA to ensure it lasts throughout retirement, emphasizing the importance of balancing income generation and spending needs [5][10]. Investment Strategies - Mixed assets such as index funds and bond portfolios can provide a balance of growth and security, albeit with increased volatility [1]. - Annuities are highlighted as a secure income option for retirees, with a $1.5 million fixed-income annuity potentially yielding $8,000 monthly or $96,000 annually [2]. - Income investing through bonds and dividend stocks is recommended, with bonds averaging a 4% to 5% return, potentially generating around $67,500 annually without depleting principal [3]. Cash Management - Moving portions of the IRA into cash assets like high-yield savings accounts or CDs can ensure safety, but returns may only match inflation, with current rates around 4.5%-5% [4]. Social Security Considerations - Social Security benefits should be factored into retirement planning, with an estimated $24,000 annually from a $2,000 monthly benefit starting at age 62 [7][8]. Lifestyle and Spending - Understanding personal lifestyle costs is crucial for retirement planning, as expenses can vary significantly based on individual preferences and living situations [11]. - Inflation impacts retirement planning, with average national rates around 2%-4%, but potentially higher in expensive areas [12]. Required Minimum Distributions (RMDs) - RMDs must begin at age 75, with a $1.5 million IRA requiring a minimum withdrawal of $56,603 annually to avoid penalties [13][14]. Tax Implications - Income taxes will apply to withdrawals from a pre-tax IRA, necessitating careful planning to manage tax liabilities [15]. - Rolling an IRA into a Roth IRA can eliminate federal taxes on retirement income, but requires paying taxes on the rolled-over amount upfront [16]. Healthcare and Insurance Costs - Planning for healthcare and insurance costs is essential, as retirees may need long-term care insurance and will face increasing healthcare expenses [17][18]. Overall Planning - Comprehensive retirement planning should integrate income generation, spending needs, and potential healthcare costs to ensure the longevity of the IRA [19].

Core Points - Jackson Financial Inc. will release its third quarter 2025 financial results after market close on November 4, 2025 [1] - A conference call and webcast to discuss the results will be held on November 5, 2025, at 11 a.m. ET [2] - Jackson is focused on simplifying retirement planning through its annuity products and aims to provide clarity for stakeholders [3] Company Overview - Jackson Financial Inc. is dedicated to helping financial professionals and their clients navigate retirement planning complexities [3] - The company emphasizes a balanced, long-term approach to serve customers, shareholders, distribution partners, employees, regulators, and community partners [3] - Jackson has received awards for service quality, indicating a commitment to high customer satisfaction [4]

Core Insights - The average retired American is expected to live longer than previous generations, necessitating more savings for potentially 25 or more years of retirement [1][2] Group 1: Retirement Planning - Financial advisors recommend that middle-class retirees calculate their financial needs to ensure savings last for 25 or more years [3] - It is crucial to make conservative projections to avoid running short on funds during retirement [4] - A detailed retirement spending plan should be created, distinguishing between essential and discretionary expenses [5] Group 2: Withdrawal Strategies - The traditional 4% withdrawal rule may need adjustment due to longer retirements and market uncertainties, with a suggested withdrawal rate of 3% to 3.5% [6] - Delaying Social Security benefits can significantly increase lifetime income, with an approximate 8% increase in benefits for each year delayed until age 70 [7]