Tagged: retirement

Robinhood Markets and IVMF Provide Retirement Education to Veteran Entrepreneurs

Robinhood Markets, Inc. (NASDAQ: HOOD) has partnered with Syracuse University’s D’Aniello Institute for Veterans and Military Families (IVMF) in order to bring retirement education workshops to entrepreneurs across the U.S. Robinhood says that they are honored to partner with an organization “helping veterans and veteran… Read More

NewRetirement Reportedly Secures $20M via Series A to Boost Access to Financial Planning

NewRetirement, a comprehensive, digital-first financial planning platform for consumers and enterprise partners, announced that it has closed its Series A round with $20 million in funding. The funding round was “led by Allegis Capital and joined by Ulu Ventures, Nationwide Ventures, Fin Capital, Frontier Venture… Read More

US Is Facing Retirement Crisis: 56 Million Privately Employed Americans Lack Access to Savings Programs via Employers – Report Claims

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, today released a new survey on the state of retirement readiness across the U.S. workforce. The report, which tracks year-over-year trends “from 2022, polled 1,000 full-time U.S. employees to examine how retirement… Read More

£300K in Pension Wealth May Be Accumulated by Making Early Contributions to Accounts, PensionBee Research Claims

Parents could help provide more than £300,000 in pension wealth for their kids by the time they reach retirement age “by contributing to their child’s pension from the age of 18,” according to new research shared by PensionBee. As concern grows around the sustainability of… Read More

UK’s Standard Life Teams Up with Moneyhub, the Open Banking Platform, to Provide Pensions Dashboard

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

Unstable Financial Markets Have US Consumers Keeping Close Eye on Retirement Accounts via Fintech Apps – Report

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More

UK’s PensionBee Claims that Half of Retirees Might Lose Out Due to Low Interest Savings Accounts

At least half of retirees could be missing out on hundreds of pounds of interest each year through “keeping their savings in accounts with rates of 3% or less a year,” according to new research. As high street banks have come under fire for failing… Read More

UK’s PensionBee Reveals that Student Loan Repayments Might Stay with Graduates into Retirement Years

Students off to university for the first time this year could be “the first crop of graduates who face repaying their university debts into retirement,” according to PensionBee, an online pension provider. As noted in a blog post by PensionBee, this year’s Freshers will be… Read More

UK’s PensionBee Reports Increase in Pension Contributions, As Withdrawals Fall from 2022 to 2023

Pension savers have reportedly “contributed over 20% more to their pensions in Q2 2023 compared to the same period last year, despite persistent levels of high inflation,” according to new analysis from online pension provider, PensionBee. The average quarterly contribution amount “for female savers increased… Read More

UK’s PensionBee Reports that 46% of Consumers Aged 55+ Are Concerned About Rising Rates When Paying Off Mortgages

Almost half of people (46%) over the age of 55 who are paying off mortgages are worried about rising rates, continuing to meet repayments and how to pay their loans off in full, research from PensionBee, the online pension provider, suggests. The research carried out… Read More

401(K) Provider Human Interest Offers 3% Cash Back for Retirement

Human Interest, which claims to be one of the “largest” and “fastest-growing” 401(k) providers in the country, says it is the first “to offer a 3% cash back reward to participants who start saving for retirement.” The incentive is “available to all eligible participants on… Read More

Retirement Planning: UK’s PensionBee, an Online Pension Provider, Launches its State Pension Age Calculator

PensionBee, an online pension provider, recently launched its State Pension Age Calculator, designed “to help savers evaluate if they can retire before they’re eligible to receive the State Pension.” The age people can “claim their State Pension has risen significantly since 2010 when the entitlement… Read More

Self-Directed IRA Platform Alto Introduces Capital Raise Solution to Help Issuers Access IRA Funds

Alto, a self-directed IRA platform that enables individuals to invest in alternative assets using their retirement funds, announced “a breakthrough solution that makes it easy for issuers to raise capital by tapping into the more than $10T held in IRAs.” The Alto platform “simplifies raising… Read More

Retirement Report: Less Than a Third Seeking Professional Guidance Despite Low Confidence in Retirement Planning

Retirable, the “holistic” retirement solution, announced the release of its first ‘State of Retirement’ study, which sums up how more than 2,000 U.S. individuals nearing and in retirement plan “to spend their time, money, and resources.” Known for its holistic approach to retirement alongside the… Read More

Global Savers Concerned About Living Costs After Retirement, Smart Pension Report Reveals

Smart, the London-headquartered fintech disrupting the global retirement savings market, has published its annual Future of Global Retirement report. This year’s report “looks at how knowledge, attitudes and concerns about retirement savings have progressed.” The report “includes findings from more than 8,000 savers across the… Read More

Robinhood’s Retirement Product Now Available

Robinhood (NASDAQ:HOOD), has announced the availability of its new retirement product. The new service was revealed last year, and the digital brokerage launched a waitlist with names now said to be over 1 million customers. Perhaps the most interesting aspect of the retirement product is the… Read More

Alto Shares Details About EOY IRA Contribution Limits, Reveals “Bold New Look” for Platform

AltoIRA notes that December is a “hectic” time of year. Between buying the right gifts, making holiday party appearances, and visiting with family, you’d be forgiven if your “top concern” isn’t maximizing your IRA contributions. According to AltoIRA, end-of-year IRA contributions are “something you should… Read More

Workers See Flexibility as Key to Dealing with Cost-of-Living Crisis, Sonovate Survey Reveals

Flexible working practices are “key” to helping workers weather the cost-of-living crisis, especially older people who now find themselves “unable to afford to retire.” according to an update from Sonovate. Based on a survey of 4,500 people and 500 business owners, Sonovate’s ‘Future World of… Read More

Small Business Retirement Plan Provider Vestwell Introduces Recordkeeping Platform Enhancements

Vestwell, the small business retirement plan provider and individual savings platform, announced significant upgrades “to its proprietary recordkeeping platform designed for the small plan market.” Through a series of strategic enhancements, Vestwell’s technology “solves some of the most complex challenges faced in the history of… Read More

Fintech Retirable to Expand Access to “Fair” Retirement Services

Retirable, which claims to be the “first-of-its-kind” holistic retirement solution with the ongoing care of an advisor, unveiled additional retirement income and investing offerings to its advisory and planning services. Designed for the 50 million Americans approaching retirement in the next decade without a formal… Read More

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