MetLife reinvests tax savings into its benefits package
The insurance giant will increase the minimum contribution to its defined benefit pension plan, auto-enroll and auto-escalate its 401(k) deductions and offer employer-sponsored legal services.
Retirement income
How to fortify retirement plans against a financial shock
A decline in income as a result of the death of a spouse and an increase in medical expenses both pose a serious risk to retirement but can be curbed with proper planning.
MetLife reinvests tax savings into its benefits package
The company will increase the minimum contribution to its defined benefit pension plan, auto-enroll its 401(k) plan participants and offer employer-paid legal services.
Benefits Think 3 questions employers should ask during America Saves Week
To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.
Phil Waldeck
Prudential Retirement
Benefits Think Why employers may need fiduciary liability insurance
Plan sponsors should keep in mind that while the coverage isn’t legally required, it’s needed protection if breach accusations occur.
Carol Buckmann
Cohen & Buckmann PC
How to get the most out of IRA contributions
Employees who intend to invest in an IRA and make the most of the account should determine which of a Roth and a traditional IRA will best suit their needs.
Employers adding 401(k) auto-enrollment in record numbers
Plan sponsors are stepping up efforts to help employees save for retirement by adding in automatic features and offering higher matching contributions.
Help workers maximize their Social Security benefits
Working seniors who intend to start collecting Social Security benefits in the middle of the year should know about the monthly earnings test.
10 companies that can help employees ‘retire a millionaire’
Employers including Amazon, Target and Wells Fargo have some of the best and most lucrative retirement benefits, according to Glassdoor research.
Benefits Think 3 questions employers should ask during America Saves Week
To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.
Phil Waldeck
Prudential Retirement
IRI: Employers should mandate 401(k)s for employees
The Insured Retirement Institute is urging Congress to enact a host of policies that it says will boost retirement security.
Declutter retirement savings: What to do with old 401(k)s, IRAs
Employees can simplify their retirement portfolio by merging multiple accounts.
Benefits Think 5 ways to boost retirement plan participation
Clients should embrace auto-enrollment, automatically increase employee contributions each year and continually educate workers about 401(k) benefits.
Mark Lamoriello
Lamco Advisory Services
Florida teachers call on state pension to sell gunmakers stakes
The Florida Education Association is urging the state body that manages pension funds for its members to sell its holdings in companies that make a semi-automatic rifle.
What makes 401(k) loans risky?
The new tax law has extended the grace period for outstanding 401(k) loans made by workers who switch jobs, luring more participants to borrow from their accounts, exposing them to greater risk.
Benefits Think 401(k) best practices: Investments
Plan sponsors should limit the number of fund selections, provide more fixed income choices and offer index options.
Robert C. Lawton
Lawton Retirement Plan Consultants
Airlines `flush with money’ spur pilots’ quest for lost pensions
– Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits.
The new tax law: retiree tax issues
Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.
Cash balance plans can help small employers take advantage of tax reform
Industry insiders say smaller firms can benefit from deductions while still maintaining workplace retirement plans.
Look to small-cap dividend payers in retirement
Workers who are looking for new investments may want to invest in small-cap dividend payers,
