We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
T Rowe Price Group Inc | NASDAQ:TROW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.70 | 0.63% | 112.20 | 112.20 | 112.23 | 112.95 | 111.63 | 112.83 | 406,874 | 19:44:14 |
BALTIMORE, July 30, 2014 /PRNewswire/ -- A new survey on retirement spending by T. Rowe Price revealed that many recent retirees who have 401(k)s and/or rollover IRAs have accumulated significant nest eggs, and most say they are faring well, both financially and emotionally. Meanwhile, workers in their 50s who are participating in an employer 401(k) have also accumulated significant assets, but feel more anxious about retirement than those who have already retired.
To learn about the current landscape and help 401(k) plan sponsors and participants, the survey focused on a unique population: new retirees who have 401(k) account balances or rollover IRAs and workers age 50 and older who are 401(k) participants. The survey is based on a national sample of 1,507 retirees who have been in retirement for one to five years and have a rollover IRA or an account balance in their 401(k) plan. It also includes a second sample of 1,030 workers, age 50 and older, who are currently contributing to a 401(k) plan or are eligible to contribute and have a balance of at least $1,000.
Findings among retirees:
Findings among workers age 50 and older:
Quotes
Aimee DeCamillo, head of T. Rowe Price Retirement Plan Services, Inc.
"For workers approaching retirement, we know there is anxiety and uncertainty as they look ahead and think they can't possibly be prepared for retirement. But this study demonstrates that you can do it. Many people are successfully saving in the private retirement system, and they report that post transition, they are fine. We have an opportunity to share these positive stories with 401(k) savers. We also need to emphasize the important role Social Security plays as the foundation of retirement income for most American households and the strategic advantages of delaying Social Security benefits."
Anne Coveney, senior manager of Thought Leadership at T. Rowe Price
"While we know there are people with little or no retirement savings, our survey suggests that many who participated in a 401(k) are entering retirement with considerable assets. And new retirees are flexible with their spending and report high satisfaction with their retirement so far."
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) is a global investment management organization with $738.4 billion in assets under management as of June 30, 2014. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter (twitter.com/troweprice), YouTube (youtube.com/trowepricegroup), LinkedIn (linkedin.com/company/t.-rowe-price), or Facebook (fb.com/troweprice).
About the survey
This research is based on online interviews with workers and retirees. This includes 1,030 working adults age 50 or over who are currently contributing to a 401(k) plan or are eligible to contribute and have a balance with their current employer of $1,000 or more. Retirees are represented by 1,507 adults who have retired in the past one to five years and who have a rollover IRA or an account balance in a 401(k) plan. Interviewing was conducted during February 19 - March 3, 2014. Findings in both samples are subject to a margin of error of just under 3%.
PDF - http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/PH79532-T-Rowe-Price-Survey-v-POV.pdf
SOURCE T. Rowe Price
Copyright 2014 PR Newswire
1 Year T Rowe Price Chart |
1 Month T Rowe Price Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions