investing

AI Used Widely (Though Not Always Wisely) for Retirement Planning
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
AI is now a copilot for everyday tasks, helping people with emails, meal planning, workout routines, and more. It’s also impacting how participants approach retirement planning. AI’s Growing Influence on Financial Decision Making While health and wellness rank as a top use case for AI (44%), finance is a close second (41%), according to a  Read More →
Study: Confidence Higher Among Target Date Fund Investors
Team SummitEmployee Outcomes, Employer Resource Center, Plan InvestmentsComments are off for this post
A new survey by Voya Investment Management finds that participants who invest in target date funds (TDFs) feel significantly more confident about their retirement savings than their peers who are not invested in TDFs. When asked whether investing in a TDF makes them feel more confident about making good investment decisions, 95% of employed TDF  Read More →
Generational Influences and Behavioral Finance
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Understanding generational attitudes toward investing and the cognitive biases is critical toward helping employees prepare for their financial future. The inherent generational biases and attitudes could lead participants astray, so understanding these differences becomes key to helping employees of all ages improve their financial wellness and prepare for a secure and successful retirement. Boomers Baby  Read More →

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