Employees will sacrifice a pay raise for better benefits
Choice and flexibility in benefit options are top of mind for employees, a new Willis Towers Watson survey finds.
Retirement benefits
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.
Employees can use their student loans to save for retirement
CommonBond is ensuring employees can qualify for employer retirement contributions while they pay off their student loans.
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.
Ways clients can pay off their debt in retirement
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
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 How sponsors can help minorities save for retirement
With hardworking African-American and Hispanic workers far more likely to cash out than other participants, our nation has a serious retirement-saving crisis on its hands.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Healthcare tech provider launches student loan repayment benefit
“The financial burden of student loans is a major reason fewer employees are taking advantage of 401(k) programs,” Scott Thompson, CEO of Tuition.io, says.
The little-discussed downsides of retirement
One of these snags is taxation on clients’ retirement income, which can hurt their cash flow.
How can women do a better job preparing for retirement?
More than a quarter of women in a recent survey say they are confident they will comfortably retire, while almost a third of men voiced the same confidence.
Clients could be unknowingly sabotaging their Social Security
Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.
Your client was laid off before they could retire? Here’s what to do
Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.
What taxes will my clients owe in retirement?
Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.
How to handle Medicare if clients are working at 65
“The advice I give is to calculate the financial impact for each option,” an expert says.
How new rules could affect the way clients save for retirement
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
Benefits Think How new student loan legislation will ease financial burden on retirees
Today’s young adults are the first downwardly mobile generation in American history and face a slower growing economy while saddled with unbearable amounts of student debt.
Scott Thompson
Tuition.io