Retirement benefits

The CARES Act waiver of penalties for premature 401(k) withdrawals may hurt the very American workers and families the Act is supposed to help.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.

The CEO of Perspective Partners shares how software can help answer healthcare and retirement benefit questions during the enrollment process.

Older clients are advised to take extra steps to protect their finances as the current crisis may leave them prone to making poor financial decisions.

Clients are advised to minimize spending and tap possible sources of cash and credit, including their tax refund.

Choice and flexibility in benefit options are top of mind for employees, a new Willis Towers Watson survey finds.

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.