The pros and cons of rolling over a client’s 401(k)
There's value in having money in one place, but some 401(k) rules make rollovers more trouble than they're worth.
Retirement income
‘Diet’ COLA: Advisers talk to clients about the lowest increase in years
With inflation figures falling, retirees can expect a 2.5% increase in 2025. Here's how planners are guiding clients through the impact of that slight bump.
Steps employers can take to help employees maximize their retirement
Anthony Bunnell, head of retirement for Morgan Stanley at Work, shared how to secure a financially sound retirement.
Benefits Think Don’t relegate lost and missing accounts to the lost and found — consolidate them in the retirement system
14.8 million participants switch employers every year — and 33% of workers have stranded a 401(k) savings account in a former employer’s plan at least once.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Unum expands retirement benefits to help employees invest
“Getting ready for retirement can be daunting, but this solution makes me feel more prepared for what’s ahead,” one Unum employee said.
Surge in early retirements exposes inequalities among baby boomers
Many low-paid workers without much retirement savings found themselves forced out of their jobs with little prospect of finding employment again. Retiring before the full retirement age will result in a cut in their Social Security benefits, by as much as 30%.
Tempted to retire early? Consider two critical factors
If you have a special number in mind for your golden years, it should be how much you’ll be able to spend each year. And financing that spending brings many new risks into the picture.
Benefits Think Want or need to retire early? Here’s how to pay for it
While early retirement might sound appealing, it can be a struggle for those who don’t have sufficient income to pay their bills.
Alan Becker
Retirement Solutions Group
Retirees are ready to rejoin the workforce post-pandemic
Whether it be out of pandemic boredom or financial necessity, companies may need to factor in older workers in their recruiting efforts.
Benefits Think 6 things your pension administrator may not be doing
Are you getting the most from your outsourcer? Here are six things to check the next time you look under the hood of your relationship.
Robin Powell
Strategic Benefits Advisors
The 10 worst states for employees to retire
Texas, Rhode Island and New York all made WalletHub’s list of worst states for retirement. Is your state on the list?
Top 10 states for a healthy and affordable retirement
Which state was ranked the best place to retire? WalletHub rated the best states for retirement, based on affordability, quality of life and overall health.
Benefits Think How sponsors can facilitate better retirement participant outcomes and improve plan metrics in 2021
While we all hope for an end to the pandemic, and a return to economic and social normalcy, in 2021, interest rates are likely to stay at their near-zero levels for the foreseeable future. Every dollar will count for retirement-savers.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Nationwide employer mandate could dramatically boost retirement savings
If the federal government embraced the model of states like California and Oregon, as many as 40 million more workers might start saving, researchers say.
Benefits Think Elect to help your employees keep their retirement savings
This year’s presidential election and COVID-19 have reminded us that many things are out of our control. But the power to help millions of Americans save more for retirement is in the hands of plan sponsors.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Officials looking to plug retirement gaps with state plans
State retirement plans are about reaching the underserved, not about competing with the private sector, officials say.
Benefits Think Bracing for the COVID ‘long haul’
As some companies prepare staff to return to the office, and working parents balance work and back-to-school schedules, employers imagine what the prolonged coronavirus recovery will really look like.
Walden Siew
Arizent
Retirement accounts at ‘serious risk’ as COVID-19 spurs bankruptcies
To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.
Coronavirus crisis highlights need for retirement system overhaul
The original purpose for a 401(k) plan was not supposed to be the primary retirement vehicle for U.S. employees, says Harry Dalessio, the head of institutional retirement plan services at Prudential Retirement.
Benefits Think What the CARES act retirement plan and IRA provisions mean for your employees
A comprehensive guide to how these provisions affect employees' retirement plannings from organizations of all sizes.
