Experts discuss how to help Americans close the retirement savings gap, provide holistic financial well-being and weather a challenging market environment with insights and research during a point Press
BALTIMORE, November 16, 2022 /PRNewswire/ — T. Rowe Awarda global investment management firm and retirement leader, yesterday held its annual U.S. retirement market outlook news briefing, offering research-based insights into key themes that are expected to shape the retirement landscape in 2023. Amid economic factors such as inflation, recession risk, market volatility and rising interest rates, a select group of company experts shared their insights views on key topics, including the impact of undersaving and its contribution to the retirement savings gap, the need to help Americans navigate a complex retirement landscape, and other challenges financial resources, and the impact of the current investment market environment on retirement.
The roundtable included comments from Kim DeDominicistarget date portfolio manager; Michel DoshierSenior Retirement Strategist; Jessica Sclafani, Senior Defined Contribution Strategist; and Rachel Wecker, retired senior strategist. The briefing was moderated by Michael Daviswho is head of Defined Contribution Institutional Specialists and former Deputy Assistant Secretary at the US Department of Labor.
Specifically, the panel discussed:
-
Access and adequacy of the pension scheme: How employers, advisors, lawmakers and regulators can help American workers get on track and stay on track with their retirement savings.
-
Financial well-being: How employers and advisors can provide the holistic, personalized help workers need to balance competing financial priorities between retirement, wealth and health.
-
The investment landscape: How employers and advisors can help workers overcome market challenges to keep portfolios on track in both the saving and spending phases.
“More than two-thirds of the assets we manage for our clients are in retirement accounts, so retirement is central to our business,” said Dee Sawyer, responsible for US pension plan and intermediary services. “Our research shows that providing access to a pension plan and encouraging participation is only the first step. Many people need help, whether it is education, guidance or advice, on how to balance competing financial priorities with saving for retirement.”
The U.S. Retirement Market Insights included research and data from a dozen proprietary studies on T. Rowe Awardas well as select industry data, which helped inform the insights and commentary of retirement strategists and investment professionals across the company.
Sawyer continued, “Our outlook last year identified inflationary pressures and other headwinds as potential factors that could lower expected returns and impact retirement savings. uses the company’s recognized pension expertise, research and insights on investment excellence to provide insights into emerging trends and their impacts on the retirement landscape. »
A detailed account of the information and research shared in the United States Retirement Market Outlook 2023 is available at troweprice.com/retirementoutlook. The company will welcome an audience online seminar on November 29 at 2 p.m. ETfeaturing the panelists discussing these key retreat themes.
ABOUT T. ROWE PRIZE
Founded in 1937, Baltimorebased on T. Rowe Award (NASDAQ-GS: TROW), is a global investment management organization with $1.28 trillion of assets under management at October 31, 2022. The organization offers a wide range of mutual funds, sub-advisory services and segregated account management for individual and institutional investors, pension plans and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T Rowe Price disciplined, risk-conscious investment approach focused on diversification, consistency of style and fundamental research. For more information, visit troweprice.com, Twitter, Youtube, LinkedInWhere Facebook.
202211-2584723
Show original content:https://www.prnewswire.com/news-releases/t-rowe-prices-new-us-retirement-market-outlook-examines-the-2023-retirement-landscape-301679920.html
SOURCE T. Rowe Price Group, Inc.