Baby boomers collectively represent nearly half, or 44%, of the affluent investor population, and as such, are justifiably a group of great interest to credit unions and other financial service providers.
Three out of four investors with retirement money in a former employer’s plan have kept those assets there for five or more years.
Now that Bank Transfer Day has come and gone, some credit unions have been working hard to expand those new relationships centered on one facet that longtime members often tout: loyalty.
Compared to older investors, Generation Xers highly value access to online functions when it comes to their investments but it's not the most pressing priority.
Individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to a Cogent Research study of 4,000 affluent and high net worth Americans.
A survey of 4,000 Americans found that their individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to Cogent Research.