Millennials don’t plan on retiring at 65 — here’s their new strategy
More than half of millennials are working toward financial independence, not a traditional exit from the workplace.
Retirement education
Benefits Think Turning allocations toward income: How default options can boost retirement savings
The case for better aligning default options with income needs is undeniable. But how can we best implement these choices?
Tim Walsh
TIAA
Demand for virtual 401(k) education is on the rise
As employers begin building their back-to-the-office plans, virtual education offerings are here to stay.
Benefits Think How employers can support workers thrust into caregiving roles
Many employees, particularly women, are likely to become unexpected caregivers at some point. Companies should do more to ease their burden, says a top retirement and wealth specialist at Bank of America Merrill Lynch.
Lorna Sabbia
Bank of America Merrill Lynch
Benny Award winner gets baptism by fire as she takes on HR role amid pandemic
While labor groups demanded cost of living increases amid the pandemic, HR newcomer Talika Johnson convinced them contributions toward retirement savings would be of greater benefit to employees.
Benefits Think Why diversity and inclusion initiatives need financial wellness
D&I initiatives are no longer nice-to-have, but rather vital for organizations to thrive as employees increasingly demand them.
Marthin De Beer
BrightPlan
Financial education is the foundation for this adviser’s retirement strategy
“I’m on track in saving for retirement because from a young age I learned these things,” says Adviser of the Year winner Julie Yusko. “I hope my experience can help others be in the best position so that we have fewer people who are approaching retirement age and wondering how they're ever going to retire.”
Strategies to close the retirement gap for Latinx employees
The COVID-19 crisis is creating greater challenges for certain employee demographics, impacting their ability to save for retirement.
Benefits Think Mitigating COVID-19’s catastrophic impact on retirement readiness
Defined contribution plan participants will seriously diminish their retirement savings if they prematurely cash out all or part of their 401(k) savings account balances.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Record unemployment is reshaping the American retirement picture
Early retirement has been a key driver in the decline in labor-force participation due to COVID-19.
DOL issues final rule on electronic delivery for retirement plan documents
The Department of Labor issued a new rule that allows companies to distribute retirement benefit information electronically.
Strategies for retirement planning in the age of coronavirus
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.
Workplace fatalities are on the rise and older workers are most at risk
Those 55 and older were more likely than younger workers to die of lingering injuries days, weeks, months or even years after a workplace incident.
Benefits Think Navigating the emotional side of retirement
Making the transition into retirement requires self-reflection and preparation ahead of time.
Kathleen Greer
KGA
Age discrimination is bad for the bottom line
Figuring out ways to keep older workers engaged and help them overcome the prejudices that prevent them from getting hired is a task often neglected by policymakers
What the 2020s have in store for aging boomers
Within 10 years, millions of baby boomers will be facing financial and health-related challenges in retirement.
Benefits Think The big mistakes clients make when setting up 401(k) plans
Deciding against auto-enrolling employees in retirement plans is a big miss benefit managers keep making.
Amy Ouellette
Vestwell
Benefits Think The big mistakes employers make when setting up 401(k) plans
Deciding against auto-enrolling employees in retirement plans is a big miss benefit managers keep making.
Amy Ouellette
Vestwell
Digital tools key in encouraging financial wellness and savings, experts say
Prudential offers solutions for employees struggling to reach their goals.
Benefits Think 5 broker tips to streamline retirement planning
What employers should consider when tapping a broker to help employees navigate retirement plan selection.
Stephen Kapusta
ADP