Financial planning

Automatic rollovers are better than cash-outs for cleaning up small 401(k) accounts, but the ideal long-term solution is for sponsors to enable seamless, automatic plan-to-plan portability.

Many plan sponsors and participants don’t trust the federal government to keep its vow to allow tax-free distribution of Roth 401(k) balances. But taxing balances would not produce enough revenue, so the government is unlikely to go that route.

Workers’ understanding of target date fund is lacking, leading to a failure by many to rebalance other assets in their retirement plan portfolios, new research suggests

Connie Weaver, executive vice president and chief marketing officer at TIAA, explains the rationale behind the financial services firm’s new look and name.

Some employers are exploring student loan repayment as a way to attract talent and differentiate themselves from the competition.

Research from Financial Engines suggests many TDF investors ‘misuse’ the funds because they fail to rebalance other assets in their retirement plan portfolios.

As companies strive to find new and better ways to attract and retain skilled workers, some are exploring student loan debt repayment as a way to differentiate themselves from the competition.

Workers who are stressed about finances are absent on average 3.5 days per year, compared to 1.9 days for those who are not stressed about money, pointing to a need for more robust workplace financial wellness programs.

Many plan sponsors and participants don’t trust the federal government to keep its vow to allow tax-free distribution of Roth 401(k) balances. But taxing balances would not produce enough revenue, so the government is unlikely to go that route.

Why many organizations are turning their attention to employees’ post-career earning requirements.

Large employers, while somewhat out of touch with employees’ retirement savings needs, are beginning to pay a lot of attention to their ultimate income requirements in retirement.

A 401(k) plan is one way to attract and retain workers, but many small businesses don’t know where to begin

An employer-sponsored 401(k) plan is one way to attract and retain workers, but many small businesses don’t know where to begin.

Carla Dearing, CEO of SUM180, a planning service designed for women, shares her insight on how to create a successful program that best reaches female employees.

While financial technology is top of mind in the industry, many still wonder what it is and what it does.

Working with employers to successfully reduce employee money stressors requires several steps, says Carla Dearing, CEO of financial planning service SUM180.

Technology offers simplicity, transparency, mobility and portability, and advisers should embrace it, says Chad Parks.

Providing employees with access to such a benefit can help companies stand apart from competitors, says Adam Potter.

Offering a financial wellness program — or a better financial wellness program — can help companies stand apart from competitors.

How does having a big slug of student debt actually hurt the ability to prepare for a comfortable retirement?