4 things keeping workers from retirement savings (and how to fix them)
Many employees may not be able to have a comfortable life in their golden years because they carry a hefty credit card debt into retirement
Retirement income
Awaiting fate of fiduciary rule, plan sponsors focus on fee reasonableness
Regardless of the regulation’s future, employers need to ensure they’re passing costs on to plan participants that are reasonable in light of the services provided.
Benefits Think The five bad investment habits that retirement plan sponsors should consider
By taking these into account, advisers can do a better job of helping employees prepare for their golden years.
Gregory Kasten
Unified Trust Company
5 ways retirements plans are most likely to go off track
Employees are likely to miss their retirement targets if they are helping their children and loved ones more than what they can afford.
Benefits Think American participants in foreign retirement plans need clearer rules
GAO requests that the IRS clarify how taxpayers report their participation to gain understanding of plans that could lead to exemption.
David Powell
Groom Law Group
Benefits Think Employers: Here’s how you improve the broken 401(k) plan system
If plan sponsors don’t use technology to create seamless plan-to-plan portability, they risk turning their accounts into islands cut off from other retirement plans.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Robo-adviser startups are now going after wealthy clientele
Robo-advisers were built on the promise of offering wealth management expertise to the masses. Now they're turning their attention to a different — and much wealthier — customer.
New Jersey police, firefighters aggravate pensions mess
The massive shortfalls in public pension funds are the single biggest financial challenge for American’s states and cities.
Merrill Lynch puts a new face on its retirement tools
Updated calculators and a leaner interface are intended to raise awareness of “retirement readiness.”
The biggest risk retirees face right now
Retiring at a time when the market is down is the biggest risk that employees will face. Here’s how to minimize the impact of a market slowdown.
Benefits Think Best practices for mandatory retirement plan distributions
The updated census provides a golden opportunity for sponsors to clean up their plans.
Jess DeGabriele
LHD Retirement
Thanks to tax cuts, employers beef up retirement efforts
From Roth 401(k) accounts to HSAs, companies are increasingly enhancing programs to help employees get ready for their post-work years.
Benefits Think Best practices for mandatory retirement plan distributions
The updated census provides a golden opportunity for sponsors to clean up their plans.
Jess DeGabriele
LHD Retirement
Benefits Think Why employers should help employees understand the benefits of Roth 401(k)s
As a retirement planning tool, contributions to these accounts can offer plan participants a more nuanced approach to retirement saving than a traditional 401(k) plan can on its own.
Kerry Bandow
Willis Towers Watson
Omnibus spending bill leaves out health, retirement provisions
Employers were hoping stabilization reforms would be included, but Mercer consultants say select benefits provisions could be revived at a later date.
Workers can still cut 2017 taxes with these retirement accounts
Employees still have a few weeks to make deductible contributions to various retirement accounts, as well as health savings accounts, to reduce their 2017 tax liabilities.
Thanks to tax cuts, employers beef up retirement efforts
From Roth 401(k) accounts to HSAs, companies are increasingly enhancing programs to help employees get ready for their post-work years.
Benefits Think 401(k) best practices: employee education
Plan sponsors should connect with workers by integrating financial wellness concepts, including behavioral finance/economics elements, talking about loans and withdrawals and offering one-on-one meetings.
Robert C. Lawton
Lawton Retirement Plan Consultants
The new Retirement Enhancement and Savings Act aims to increase voluntary retirement savings
The bill aims to help workers think in terms of lifetime income — as opposed to accumulated balances — by requiring benefit statements to include income estimates at least once a year.
Will employees’ target-date 401(k) funds blow up their retirement?
These funds can help workers put saving plans on autopilot, but they can also take on more risk than expected.
