Retirement benefits

Although traditional IRAs offer upfront tax deductions, clients will have to pay taxes later in life when they likely will be in a higher tax bracket.

More and more Americans are spending their golden years on the job.

Experts warn there may be copycat lawsuits, but say they don’t anticipate any widespread changes that will affect private sector employers.

Employee Benefit News will recognize professionals who have demonstrated excellence in the employee benefits/human resources field.

Those leaving the workforce who want to maximize their nest egg should take advantage of the Rule 72(t) distributions.

Changes in interest rates, healthcare costs and investment returns have spurred the company to make the move beginning in 2028.

While retirees can start taking 401(k) withdrawals without penalties when they turn 59 1/2, they may want to consider drawing from their taxable accounts for their living expenses.

While there are 567 ways to claim benefits, clients are advised to pick a strategy that will maximize a spouse's benefit on their record.

Employers’ efforts to connect health and wealth make progress as older workers prepare for future medical expenses.

With nearly half of retirees saying medical costs is their biggest concern, employers are beefing up voluntary benefits and promoting HSAs to help employees prepare for their post-work years.

The average score of correct answers was 47%, and only 5% of respondents earned a grade higher than C.

With nearly half of retirees saying medical costs is their biggest concern, employers are beefing up voluntary benefits and promoting HSAs to help employees prepare for their post-work years.

Employers should reach employees where they are by incorporating solutions to current financial problems into the retirement saving process.

Younger workers are closing the savings gap due to design features and qualified default investment alternatives like target-date funds or managed accounts.

Reach employees where they are by incorporating solutions to current financial problems into the retirement saving process, says adviser Mark Singer.

In the face of growing concerns over medical costs, companies should plan a comprehensive health and wealth strategy for employees in retirement or risk losing talent.

One step is to avoid investing the money that they will need within a five-year period.

Female employees are ill-prepared for retirement — roughly one-third less than their male coworkers — but employers can help close the gap.

Younger workers are closing the savings gap due to design features and qualified default investment alternatives like target-date funds or managed accounts.

An IPS is a key part of the fiduciary compliance process and should clearly state roles and responsibilities.