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
Retirement income
How you can help your clients cope with a forced retirement
To reduce the risk of retiring early, seniors are advised to take on a part-time job or downsize to reduce expenses.
The problem with the 4% retirement income rule
While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.
Will your clients be forced to claim Social Security early?
Many pre-retirees leave the workforce sooner than anticipated as a result of various factors, such as job loss and illness.
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.
A huge retirement risk clients probably don’t realize they’re facing
Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.
A widening wealth gap could be putting your clients at risk
A recent study found American workers would face better retirement prospects if the federal government adopts certain public policy changes.
What to do about Medicare if your clients are 65 and working
“The advice I give is to calculate the financial impact for each option,” an expert says.
How to encourage workers to save more for retirement
Research shows that both a match and automatic enrollment have significant positive effects, especially on groups that tend to have lower participation and contribution rates.
Some clients feel they’ll never be ready for retirement
Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.
Benefits Think How financial wellness programs can encourage employee participation in retirement savings
Making savings automatic and quantifiable can streamline the process of getting employees involved in saving for retirement and other financial goals.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
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
Why retiring at 65 could become a thing of the past
“By and large, many simply have not yet saved enough to retire comfortably.”
Benefits Think Safe-harbor IRAs should not be a long-term retirement solution
Over half of account holders neglect to move their funds, resulting in penalties and fees.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think From 401(k)s to stretch IRAs, what the Secure Act means for clients
This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.
Dan Collins
Commonwealth Financial Network
Baby boomers and millennials have more in common than they think
Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.
10 best states for retirement
Virginia and Colorado are among the most-appealing locations for employees to spend their golden years in 2019, due in part to top scores in affordability, health-related factors and overall quality of life.
Benefits Think IRA spousal contributions can mitigate high cost of women’s work breaks in retirement plans
The gender gap is alive and well when it comes to career timeouts and savings often take the hit.
Barbara Van Zomeren
Ascensus
Benefits Think Employees are overlooking HSA benefits when choosing health coverage
No other savings vehicle can claim this level of tax advantage.
E. Craig Keohan
HealthSavings Administrators