RPA

A new survey found that 55% of people feel they haven’t saved enough, and inflation is preventing them from doing so.

And what does it mean for the industry and their advisor and plan sponsor clients?

Individuals can contribute $22,500 to the popular savings plans starting in 2023, up from $20,500.

As benefits get adjusted for inflation, waiting longer to receive those checks will pay off even more.

The combined business will operate under The Standard brand, and include Securian's retirement solutions employees, management, client relationships and distribution networks.