Retirement

Definite steps are needed to improve worker prospects: Employees should save more. Clients should offer auto-enrollment. And Congress should make it all easier.

Definite steps are needed to improve worker prospects: Employees should save more. Employers should offer auto-enrollment. And Congress should make it all easier.

The brokerage has acquired Northwestern Benefit for an undisclosed amount in its fifth deal this year.

Backers say the Secure Act could help the “black hole” of retirement savings — the 50 million Americans without an employer savings plan.

The legislation gives tax credits to small employers automatically enrolling workers and makes it easier for companies to partner to offer joint plans.

There are still several moves that clients can make to reduce their 2018 tax bill.

Some clients assume this generation doesn’t invest in benefits like 401(k)s, but the reality is much more complicated.

“It’s an extension of their brand,” Financial Finesse CEO Liz Davidson says.

By educating employees about the importance of incubating saver’s credits, employers can make them less likely to cash out their 401(k)s when they change jobs.

New innovations increase participation by making it easier to save and invest for retirement, an expert says.