Retirement benefits

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.

The company joins a growing number of employers offering student loan repayment in conjunction with retirement benefits.

The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.

Education and enrollment services may have been important in the past, but employers are looking for more help from advisers.

Employers are free to tackle their hefty pension obligations through a one-time, lump-sum payout to retirees and beneficiaries.

Benefits professionals from Newell Brands, Blink Fitness and more say they automatically enroll new employees in a 401(k) program during the onboarding process — and it’s paying off.

Education and enrollment services may have been differentiators in the past, but advisers need to look beyond these offerings to remain competitive.

The worst thing investors can do is panic and sell.

These companies are making new hires and promotions in the brokerage, technology and healthcare industries.

Benefits professionals from Newell Brands, Blink Fitness and more say they automatically enroll new employees in a 401(k) program during the onboarding process — and it’s paying off.

To qualify for this feature, clients should have reported a minimum amount for at least 11 years.

About 45 million borrowers owed more than $1.56 trillion in student loan debt at the end of 2018.

These companies are making new hires and promotions in the brokerage, technology and healthcare industries.

For many workers, moving assets from old 401(k)s into a traditional IRA may not be a smart move. One reason: IRAs often don’t offer stable value or guaranteed fund investment options as do most 401(k)s.

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

About 45 million borrowers owed more than $1.56 trillion in student loan debt at the end of 2018.

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

State plans will encourage more retirement saving by workers who could later roll over assets to private plans, a CalSavers official says.

Expect clients to take steps, such as maximizing automatic services, that will encourage positive behaviors to help individuals reach their financial goals.