T. ROWE PRICE’S NEW U. S. RETIREMENT MARKET OUTLOOK EXAMINES THE 2023 PENSION LANDSCAPE – PR Newswire
Experts discuss helping Americans close the retirement savings gap, providing holistic financial wellness, and weathering a challenging market environment through insights plus research at press briefing event
BALTIMORE , Nov. 16, 2022 /PRNewswire/ — T. Rowe Price , a global investment management firm and a leader in retirement, held its annual U. S. Retirement Market Outlook press briefing yesterday, offering research-based insights on major themes expected to shape the particular retirement landscape in 2023. Amid economic factors such as inflation, the risk of recession, volatile markets, plus rising interest rates, a select panel of the firm’s experts shared their perspectives on key topics, including the impact of under‑saving and its contribution to the particular retirement savings gap, the need to help People in america navigate the complex set of pension and other financial challenges, and the impact from the current investment market environment upon retirement.
The panel discussion featured commentary from Kim DeDominicis , target date portfolio manager; Michael Doshier , senior retirement strategist; Jessica Sclafani , elderly defined factor strategist; plus Rachel Weker , senior citizen retirement strategist. The briefing was hosted by Michael Davis , who is head of institutional defined share specialists and former deputy assistant secretary at the U. S. Department of Labor.
Specifically, the particular panel discussed:
- Retirement plan access plus adequacy: How employers, advisors, legislators, and regulators can help American workers get on track plus stay on track with their retirement savings.
- Financial wellness: Exactly how employers and advisors can provide the holistic and personalized help that workers need to balance competing financial priorities across pension, wealth, plus health.
- The particular investment scenery: How employers and experts can help workers weather market difficulties to keep portfolios on track in both the saving and spending phases.
“More than two-thirds of the assets we manage for clients is in retirement accounts, so retirement is in the heart associated with what we do, ” said Dee Sawyer , mind of Pension Plan Services and Circumstance. S. Intermediaries. “Our research shows that offering access to a retirement strategy and encouraging participation is only the first step. Many people need help, whether it’s education, guidance, or advice, on how to balance contending financial focal points with saving for retirement. ”
The U. S. Retirement Market Outlook included research plus data from a dozen proprietary studies across T. Rowe Price , along with some industry data, which helped inform the information and input from pension strategists and investment professionals across the firm.
Sawyer continued, “Our outlook last year identified inflationary pressures and other headwinds as potential factors that will could lead to lower expected returns and could impact retirement savings. As retirement savers, employers, plus advisors navigate evolving and volatile marketplace conditions, our U. H. Retirement Marketplace Outlook uses the firm’s recognized pension expertise, study, and perspectives on investing excellence to deliver insights upon emerging trends and their own impacts on the retirement panorama. ”
A detailed account from the insights plus research shared in the particular 2023 Oughout. S. Retirement Market Outlook can be found from troweprice. com/retirementoutlook . The particular firm will host the public webinar on November 29 with 2pm ET , featuring the panelists discussing these key retirement themes.
Founded in 1937, Baltimore -based To. Rowe Price (NASDAQ-GS: TROW ), is a global investment administration organization with $1. 28 trillion in assets under management as of October 31, 2022 . The organization provides a broad array of mutual funds, subadvisory services, and separate account management with regard to individual plus institutional investors, retirement plans, and monetary intermediaries. The business also offers a variety of sophisticated investment planning and guidance tools. Capital t. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice. com , Twitter , YouTube , LinkedIn , or Facebook .
SOURCE Big t. Rowe Cost Group, Inc.