Retirement benefits

Early retirement has been a key driver in the decline in labor-force participation due to COVID-19.

Transparency around compensation is key in closing the gender pay gap, and thus the retirement income gap for the future, as it creates accountability for employers and trust with employees.

The pandemic is affecting one of the best perks of workplace retirement-savings plans: company matches to employee 401(k) contributions.

Years from now, terminated employees may discover they have less income in retirement due to an automatic rollover or automatic cash-out from a previous employer.

An early look at the impact from the economic shutdown was not as bad as feared, while industry insiders see opportunities for advisers and sponsors to talk up the value of retirement and emergency savings.

Americans’ retirement savings are increasingly threatened by disabilities that temporarily keep employees out of work by turning to hardship withdrawals from retirement plans.

The Department of Labor issued a new rule that allows companies to distribute retirement benefit information electronically.

The lack of seamless plan-to-plan asset portability prevents participants from easily moving and consolidating their 401(k) savings, leaving them open to the temptation to prematurely cash out their 401(k) accounts from prior employers’ plans.

Many employees are not in a financial position to deal with an emergency medical crisis like the current pandemic and it’s hurting their retirement.

The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.

A retirement expert advises employers on helping workers save for the future during this pandemic.

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.