Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
Retirement planning
Millennials want student loan benefits over 401(k)s. Here’s why that’s a problem
“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.
The one huge expense most retirees aren’t ready for
An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.
Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
IRS increases 2020 HSA limits
The limit on deductible contributions to health savings accounts will jump by $50 for individuals and $100 for families next year.
Benefits Think Job hopping can hamper retirement savings — but it doesn’t have to
Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Nearly half of baby boomers make this pricey mistake
As much as 46% believe Medicare will cover the costs of long-term care.
Benefits Think Job hopping can hamper retirement savings — but it doesn’t have to
Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Which types of assets should retirees spend first?
Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.
House votes to ease rules, incentivize use of MEPs
In addition to increasing the age limit for required minimum distributions, the bill also makes it easier for employers to unite and form joint retirement plans.
Lawmakers see momentum for bills promoting workplace retirement plans
Congress is considering open MEPs, fiduciary safe harbors and tax incentives as ways to incentivize employers to roll out retirement plans.
Benefits Think Ask Benny: What is the benefit to adding a financial wellness program?
Assisting employees with their finances is a powerful way to recruit and retain top talent.
David Kilby
FinFit
401(k) balances climbed over last decade
Employee retirement contributions soared 15% from last year, Fidelity Investments says.
Benefits Think Ask Benny: What is the benefit to adding a financial wellness program?
Assisting employees with their finances is a powerful way to recruit and retain top talent.
David Kilby
FinFit
Benefits Think Is your nonqualified plan causing you anxiety? Here’s what to do
By learning to recognize the common challenges that plague nonqualified retirement plans, employers can look for red flags in their own plan management — and plot a corrective course of action.
Lynn Bullard Kennedy
Strategic Benefits Advisors
New software models benefits packages based on worker feedback
Employers including investment bank Goldman Sachs are using the tool from Qualtrics.
Benefits Think Concerned about cybersecurity? Here’s how to protect 401(k) plans
Consolidating retirement accounts using auto-portability can protect data.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
New legislative idea may help plan sponsors offer annuities
Even if employers’ concerns are exaggerated, fear of fiduciary responsibility keeps them from offering lifetime income products.
Benefits Think Concerned about cybersecurity? Here’s how to protect 401(k) plans
Consolidating retirement accounts using auto-portability can protect data.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Medicare B costs for clients projected to rise
“Healthcare prices are increasing at levels that significantly exceed overall inflation,” an expert warns.
