Pension plans see rebound in second quarter
A rise in equity and bond markets has fueled a partial bounce back in corporate pensions, according to data from Willis Towers Watson.
Retirement planning
Benefits Think Questioning your employee stock options during coronavirus? Think twice
For employees who have stocks vesting in the near term, consider carefully what your holistic financial plan indicates you should do.
Sandy Galuppo
Boston Private
Employers inch toward offering retirement income option in benefits mix
Amid economic uncertainty of the pandemic and following the passage of the SECURE Act, momentum could be building for retirement income in workplace plans.
Record unemployment is reshaping the American retirement picture
Early retirement has been a key driver in the decline in labor-force participation due to COVID-19.
Benefits Think How employers can mitigate a future retirement gap
Transparency around compensation is key in closing the gender pay gap, and thus the retirement income gap for the future, as it creates accountability for employers and trust with employees.
Tanya Jansen
beqom
More companies weigh cutting 401(k) match in pandemic pinch
The pandemic is affecting one of the best perks of workplace retirement-savings plans: company matches to employee 401(k) contributions.
Benefits Think Without auto portability, terminated employees will miss out on retirement funds
Years from now, terminated employees may discover they have less income in retirement due to an automatic rollover or automatic cash-out from a previous employer.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Coronavirus pandemic offers chance to rethink retirement planning
An early look at the impact from the economic shutdown was not as bad as feared, while industry insiders see opportunities for advisers and sponsors to talk up the value of retirement and emergency savings.
Benefits Think How employee health benefits impact retirement savings
Americans’ retirement savings are increasingly threatened by disabilities that temporarily keep employees out of work by turning to hardship withdrawals from retirement plans.
Greg Poulakos
Anthem Blue Cross Blue Shield
Benefits Think The institutionalization of portability is key to reducing cash-out leakage
The lack of seamless plan-to-plan asset portability prevents participants from easily moving and consolidating their 401(k) savings, leaving them open to the temptation to prematurely cash out their 401(k) accounts from prior employers’ plans.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Has coronavirus changed retirement planning?
Nearly 72% of Americans opted to stay the course and stick to their investment plan during the crisis, a survey found.
Is coronavirus forcing your clients to retire early? Here are some options
Those who feel they have inadequate savings may consider going back to work after the pandemic, even if it's on a part-time basis, according to an expert.
Strategies for retirement planning in the age of coronavirus
Many employees are not in a financial position to deal with an emergency medical crisis like the current pandemic and it’s hurting their retirement.
Voya Financial designs digital HSA tool to keep employees from depleting retirement savings
The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.
Here are the best things employers can do to help with retirement benefits and savings
A retirement expert advises employers on helping workers save for the future during this pandemic.
Benefits Think To show participants you care, help them avoid 401(k) cash outs
The CARES Act waiver of penalties for premature 401(k) withdrawals may hurt the very American workers and families the Act is supposed to help.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Should clients change their retirement plans because of coronavirus?
Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.
Ways clients can use their tax refund toward retirement: Tax Strategy Scan
For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.
Cashing out a 401(k) due to coronavirus? Consider these things first
For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.
Should your clients stop contributing to their 401(k) in a crisis?
Market volatility brought on by the coronavirus pandemic may present a great time to invest, as many stocks are being sold at bargain prices.
