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"The 401(k) transition looms large for Gen X and working baby boomers, and many working Americans have taken a long time to adapt to the new retirement system—some too long," Goldman's report notes.
"Many Gen Xers got a late start transitioning to 401(k) plans and struggled to catch up," Chris Ceder, a senior retirement strategist with Goldman Sachs Asset Management, told Yahoo Finance.
Goldman Sachs Personal Financial Management (GSPFM) was a former division of Goldman Sachs responsible for wealth management of high-net-worth individuals. [ 2] It had 74 offices in the United States and managed $25 billion in assets. [ 1][ 3] In November 2023, it was announced that Creative Planning had completed the acquisition of GSPFM. [ 4]
Goldman's Retirement Survey & Insights Report 2023, released this week, found the majority of American employees expect their retirement to be delayed due to the struggle of balancing expenses ...
222 Main, Salt Lake City, Utah, U.S. The Goldman Sachs Group, Inc. ( / sæks / SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. [ 1]
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Jan Hatzius (born December 17, 1968) is the chief economist of investment bank Goldman Sachs. Notable for his bearish forecasts prior to the Financial crisis of 2007–2008, he is a two-time winner of the Lawrence R. Klein Award for the most accurate US economic forecast over the prior four years. [ 1][ 2] He has also won a number of other ...
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