Benefits Think How financial wellness efforts can boost retirement readiness
As employees delay retirement, the programs are becoming the order of the day — and employers are taking notice.
As employees delay retirement, the programs are becoming the order of the day — and employers are taking notice.
High percentages of people become fiscally bound and gagged before they ever learn the consequences of poor monetary decisions.
The strategy not only helps improve employees’ chances of achieving a financially secure retirement, but it also increases plans’ average account balances.
Companies need to look at the entire scope of their workers’ monetary priorities before they can offer guidance, advisers say.
It doesn’t seem like much to ask for—a 5% return. But the odds of making even that on traditional investments in the next 10 years are slim, according to a new report from investment advisory firm Research Affiliates.
The ability to shift saving habits and behavior is tied to our natural predispositions, says financial literacy professional Melissa Horton.
Employers can help female employees plan for longer lives and career breaks that reduce income over time.
Employers can help female employees plan for longer lives and career breaks that reduce income over time.
Aiding workers with money worries can help the company’s bottom line and increase productivity.
Having benefits available to employees that fall under ERISA lays the groundwork for rolling out new, employee-focused initiatives, says financial pro Melissa Horton.
Aiding workers with money worries can help the company’s bottom line and increase productivity.
Having benefits available to employees that fall under ERISA lays the groundwork for rolling out new, employee-focused initiatives, says financial pro Melissa Horton.