The 10 worst states for employees to retire
Texas, Rhode Island and New York all made WalletHub’s list of worst states for retirement. Is your state on the list?
Retirement benefits
Retirement savings are up despite the pandemic, Fidelity says
Despite early withdrawals, U.S. employees managed to save more for retirement last year.
Benefits Think Nudge theory can help strengthen financial wellness initiatives
Just 23% of employees surveyed felt their employers were making a “significant effort” on financial wellness, and only 20% of employees expressed the same sentiment about retirement preparedness.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
A dozen tax tips for the 2021 filing season
Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year.
Benefits Think How sponsors can facilitate better retirement participant outcomes and improve plan metrics in 2021
While we all hope for an end to the pandemic, and a return to economic and social normalcy, in 2021, interest rates are likely to stay at their near-zero levels for the foreseeable future. Every dollar will count for retirement-savers.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think Why plan sponsors need to treat loans as investments
The rule permitting a plan sponsor to allow qualified individuals to delay their loan payments that may generate the most lasting impact for plan sponsors.
George White
Custodia Financial
Teachers are in danger of losing their savings as COVID-19 persists
Employees in non-health related professions who are at the highest risk of contracting COVID-19 include teachers and bus drivers.
Prudential shares the top tools to help employees reach retirement
“The pandemic has laid bare the widening gap between the financially secure and insecure in this country,” says Yanela Frias, president of Prudential Retirement.
Year-end portfolio tweaks for an unusual year
In addition to maxing out your 401(k) and 529 savings plans, add to your health savings account and make year-end charitable donations.
Nationwide employer mandate could dramatically boost retirement savings
If the federal government embraced the model of states like California and Oregon, as many as 40 million more workers might start saving, researchers say.
Benefits Think Elect to help your employees keep their retirement savings
This year’s presidential election and COVID-19 have reminded us that many things are out of our control. But the power to help millions of Americans save more for retirement is in the hands of plan sponsors.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
A financial planning benefit all military families should know about
In unique circumstances, contribution limits to a Roth IRA do not apply. Here’s why.
Benefits Think How employers can support workers thrust into caregiving roles
Many employees, particularly women, are likely to become unexpected caregivers at some point. Companies should do more to ease their burden, says a top retirement and wealth specialist at Bank of America Merrill Lynch.
Lorna Sabbia
Bank of America Merrill Lynch
Workplace retirement benefits still make long-term savings hard
Employers shifting from defined benefit plans to defined contribution plans has made putting money away more complicated.
This HR pro turns crisis situations into opportunities to support employee well-being
Meredith’s Tim O'Neil wins the 2020 Benny Award as the Editor's Pick for his work of improving employees’ overall wellness, adapting benefits in times of crisis.
Benny Award winner gets baptism by fire as she takes on HR role amid pandemic
While labor groups demanded cost of living increases amid the pandemic, HR newcomer Talika Johnson convinced them contributions toward retirement savings would be of greater benefit to employees.
5 workplace issues at stake as Trump, Biden brace for election day
How each presidential candidate tackles workplace-related issues will have long-lasting ripple effects for employers.
Officials looking to plug retirement gaps with state plans
State retirement plans are about reaching the underserved, not about competing with the private sector, officials say.
Views 3 actions to help your retirees choose the right Medicare plan
Older American workers are feeling more unsettled than ever as the COVID-19 pandemic marks the second major financial setback they’ve endured in little more than a decade.
Benefits Think 5 ways HR can help millennials be smarter than their parents about retirement
Saving for retirement is undermined when employees are also building up debt at the same time.
Richard Barrington
MoneyRates.com