Investments

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.

Clients are advised to keep some of their savings in cash and focus on their long-term prospects.

“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.

“Find ways to generate income,” says one financial planner.

While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.

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.

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.

Taking advantage of catch-up contributions is one of several methods that can help them get back on track.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.

Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.

Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.

Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.

These programs can be great retention tools that help employees add to their retirement savings.

Administrators can improve their year-end process to wrap up outstanding dispositions and plan for tax season.

“There definitely will be people who don’t win in this,” says Altruist founder Jason Wenk.

Help your employees take full advantage of the investment savings and healthcare spending benefits of HSAs.

Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice.

When searching for the right plan, it is important that retirees assume their health will one day change.

To build their wealth, retirement savers are advised to take advantage of tax-advantaged plans including 401(k)s and IRAs.