Here’s how the timing of Social Security could ruin employees’ finances
If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.
Retirement income
The real reason why your 401(k) fees are falling
Mutual fund costs have fallen to 48 basis points in 2016 from 77 basis points in 2000 for plan participants, according to data from Investment Company Institute.
The huge financial burden many retirees now face
Rents have increased an average of 3% annually over the 14-year time period of the study, while incomes have declined .1% annually.
42% of women fear they’ll run out of money by age 80
A study by Merrill Lynch and Age Wave has found that 42% of women are concerned that they will outlive their nest egg when they reach the age of 80.
Financial wellness popularity on the rise
Workers look to employers to develop programs that will help them reach financial success, according to a new Prudential study.
Employers overlook baby boomers for retirement needs of millennials
Plan sponsors may be paying too much attention to the post-work planning requirements of younger workers, finds Franklin Templeton survey.
Will spousal benefits decrease if husband files early?
Whether the husband takes reduced benefits has no impact on the spousal rate, although it could effect potential widow's benefits, according to a Social Security expert.
Employers eager to expand well-being programs
Incentives play key role in the overall success of emotional and financial wellness programs.
Benefits Think Using HSAs and FSAs to promote workplace financial wellness
For employees with HDHPs, these two savings vehicles offer numerous advantages.
Shelby George
Manning & Napier
Benefits Think Using HSAs and FSAs to promote workplace financial wellness
For employees with HDHPs, these two savings vehicles offer numerous advantages.
Shelby George
Manning & Napier
Financial help wanted: Employees clamor for long-term retirement planning
Forget student loan debt assistance and day-to-day budgeting help. Workers most want employers to help them plan out how to manage healthcare and long-term care expenses during their post-work years.
Benefits Think Guiding employees before they take hardship distributions from 401(k) plans
New rules to employer retirement plans will impact how your workers face a financial crisis.
B. David Joffe
Bradley Arant Boult Cummings
Social Security ‘is under attack,’ say these congressional Democrats
A recent report from Democrats on the Joint Economic Committee says that Social Security is being threatened, and the federal government should consider modernizing and enhancing the program.
Social Security insecurity creates planning challenges for advisers
Inflated client expectations mingled with fears of congressional cutbacks are making retirement planning even more complex.
Benefits Think How to help employees avoid the ‘average participant’ retirement trap
Engaged savers, specifically those who are near the end of work, deserve an appropriate spectrum of risk options.
Shelby George
Manning & Napier
Do employees know the differences in the various IRAs?
The differences generally come down to investor eligibility and when taxes are paid, but that can have a significant impact.
Financial help wanted: Employees clamor for long-term retirement planning
Forget student loan debt assistance and day-to-day budgeting help. Workers most want employers to help them plan out how to manage healthcare and long-term care expenses during their post-work years.
Social Security checks lower than many workers expect
Many employees expect to collect more than they actually will, which can prompt them to retire and file for benefits early and, in turn, reduce their actual payouts.
Employees are probably going to live longer — can they afford it?
People are expected to have a longer life span, and this could pose a challenge in that it will require bigger nest eggs for retirement.
Healthcare could cost couples $280K in retirement
Fidelity Investments’ annual cost estimate is new motivation for employers to step up efforts in helping employees plan for medical expenses during their post-work years.
