Financial wellness

A bipartisan bill recently introduced in the House and Senate would require employer-sponsored retirement plans to provide participants with an estimate of how much lifetime income they could expect from their current savings.

The state of Nevada Public Employees’ Deferred Compensation Program chose Voya Financial, Inc.’s retirement business to serve as its single service provider.

When people speak about retirement and security, women often get overlooked, but they are one of the most vulnerable segments of society.

The Department of Labor recently announced a proposed set of regulations about retirement plan fiduciary responsibility. Here are the answers to nine frequently asked questions employers have about their fiduciary duties.

Employer-sponsored defined contribution plans have become the go-to retirement vehicle for the majority of workers in the U.S. but more needs to be done to get employees to not only save but to save more.

Commentary: Do loans and hardships really help solve what the plan was designed to do? Columnist John Ludwig doesn’t think so. In the end, they are a detriment to most participants’ retirement dreams, he says.

April was a better month for the 100 largest U.S. corporate pension plans, with their funded status rising to 82.6% from 80.9%.

When saving for the future, many people opt focus on their children’s opportunities rather than their own. The College Savings Plan Network encourages employers to offer benefits options, such as a 529 college investment plan, to help their employees save for their children’s college educations.

Commentary: Many workers prefer to access financial products, including insurance, in the workplace. This intersection of employer awareness and employee preference has created an opportunity for employee benefit advisers, says Prudential’s Lori Fouché.

As U.S. employers move away from defined benefit pension plans in favor of self-directed retirement accounts, workers have become responsible for their own investment and longevity risk in retirement – something they’ve never had to deal with before and don’t understand very well.

As the country celebrates small business week, a time to appreciate the contributions these employers give to the economy, some debate how small companies can best give back to their employees’ financial wellness and, ultimately, retirement readiness.

Younger workers have begun to recognize that working well into their traditional retirement age will likely be the new normal, as Social Security and even workplace savings plans may not support their lifestyles.

Retirement account balances reached a record high $91,800 in the first quarter of 2015, and more than 1 million people increased the rate at which they are putting money aside for the future.

Three plan sponsors share their inventive – and sometimes controversial – strategies for getting employees more deeply involved in retirement savings.

There are a variety of solutions available that brokers can suggest to clients who are seeking to attract and retain millennials, who often have yet to build financial savings.

Financial wellness is the new norm, and employers are more and more jumping on the bandwagon of getting employees better prepared for retirement.

Generations X and Y prefer an adviser to give retirement information face-to-face rather than searching online, survey finds.

Top- rated states and localities have shortchanged payments to retirement plans as rallying stocks ease the funding pressure while services such as schools and crumbling infrastructure scream for resources.

President Barack Obama is dropping his proposal to tax the earnings on college savings accounts, responding to criticism of an idea the White House announced 10 days ago.