Survey Pulse of the U.S. workforce: Employers blindsided by coronavirus
Businesses are struggling to adapt to remote work, according to a new survey by Arizent, the parent company of Employee Benefit News.
Investments
Your client lost their job due to coronavirus. Now what?
In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.
Benefits Think Managing your retirement risk during market volatility
Plan sponsors should realize that now is the time to act and acknowledge that participants, many of whom are unknowingly in heavy equity allocations, will jump out as we hit more realistic volatility cycles.
Scott Colangelo
Prime Capital Investment Advisors
Retirement planning tips in the time of coronavirus
Clients are advised to keep some of their savings in cash and focus on their long-term prospects.
Coronavirus pandemic highlights urgency for strong retirement planning
“It's really important for employees to know where they’re at with investments, and that employers educate them so that they don't make rash decisions,” says Tara Mashack-Behney, president of retirement plan consulting firm Conrad Siegel.
Can clients protect 401(k)s from a coronavirus-driven market downturn?
“Find ways to generate income,” says one financial planner.
Clients should expect the unexpected in retirement
While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.
How to help your clients’ retirement savings last
To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.
Young adults can find retirement success. Here’s how
To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.
Your clients’ retirement savings may not last as long as they think
“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.
Benefits Think Are advisers ready for Gen Z?
Wealth management’s challenge will be innovating and adapting to technology to provide Gen Z with the convenience of a single platform that meets all its needs.
Ashley Longabaugh
Celent
What to do if your client waited too long to address retirement
Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
This could be 2020’s most important retirement savings vehicle
The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
Ways retired couples can curb their spending
Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
Best 2050 target-date funds of 2019
Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.
Will your clients be forced to claim Social Security early?
Many pre-retirees leave the workforce sooner than anticipated as a result of various factors, such as job loss and illness.
A huge retirement risk clients probably don’t realize they’re facing
Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.
When retirement expectations meet reality
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
Fractional share plan options can help employee retention and participation
These programs can be great retention tools that help employees add to their retirement savings.
Benefits Think Using stock plan automation to prepare for 2020
Administrators can improve their year-end process to wrap up outstanding dispositions and plan for tax season.
Craig Rubino
Morgan Stanley at Work