Retirement benefits

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.

Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year.

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.

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.

Employees in non-health related professions who are at the highest risk of contracting COVID-19 include teachers and bus drivers.

“The pandemic has laid bare the widening gap between the financially secure and insecure in this country,” says Yanela Frias, president of Prudential Retirement.

In addition to maxing out your 401(k) and 529 savings plans, add to your health savings account and make year-end charitable donations.

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.

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.

In unique circumstances, contribution limits to a Roth IRA do not apply. Here’s why.