Retirement planning

Programs are becoming more comprehensive, with more companies focusing on fiscal programs while continuing to address physical and emotional wellness.

Workers want more diversified options for how to spend money traditionally accumulated in workplace retirement accounts, a study by financial services group Alexander Forbes finds.

They can direct the payments to fund life insurance that they can use for estate taxes, charitable gifts and leave as a legacy for their loved ones.

Less volatility, lower litigation risk and greater simplicity are reasons for embracing this strategy, says adviser Robert Lawton.

Eli Broverman, who will remain on company’s board, says he plans to focus on other startups.

These inquiries are guideposts for how employers can begin an evaluation process of target date fund offerings.

Employers need to help fix flawed plans by helping participants routinely consolidate their savings.

Employees have some simple but significant false ideas about their retirement plans. And employers need to do a better job addressing them during education sessions.

Employees have some simple but significant false ideas about their retirement plans. And employers need to do a better job addressing them during education sessions.

One example, an automated method of plan portability, could allow participants to move their savings from one employer to another without having to manually transfer the funds.