Millennials are the new face of the retirement crisis
These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.
Retirement income
Benefits Think The safe-harbor IRA: friend or foe?
In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Why aren’t more employees making 401(k) contributions?
Many pin the blame on stagnant or dwindling income, according to a new survey.
Benefits Think The safe-harbor IRA: friend or foe?
In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
15 states where $1M in retirement savings lasts the longest
Depending on where they live, retirees can expect their six-figure savings to last more than two decades, data shows.
Early retirement takes a toll on mental health
Employees who retire early are more likely to experience bouts of anxiety and self-doubt.
Benefits Think 6 steps clients can take to enhance financial literacy across five generations
A look inside the University of Pittsburgh’s recent multi-year initiative to transform retirement communication and boost financial literacy.
Cheryl Johnson
University of Pittsburgh
New DOL rule seen as next step toward open MEPs
Provisions to relax nexus requirement for shared plans are a modest step, but open multiple employer plans enjoy strong momentum and broad support.
Retiring while abroad? How that may affect employees’ Medicare
Seniors living overseas are advised to enroll before moving back to the U.S.
Benefits Think 6 steps employers can take to enhance financial literacy across five generations
A look inside the University of Pittsburgh’s recent multi-year initiative to transform retirement communication and boost financial literacy.
Cheryl Johnson
University of Pittsburgh
The Hartford to pay up to $10,000 per employee toward student loan debt
The financial services company is part of a larger trend of employers offering the financial benefit.
DOL guidance gives OK to retirement savings auto portability program
The move is expected to prevent fund leakage through opt-out rollovers when workers leave a job, industry experts say.
DOL final rule expands retirement plan options for SMBs
Small and midsize employers will be able to form or connect with associations to offer employees workplace retirement plans.
Steps to help millennials lay a financial foundation
Before saving for retirement, young employees are advised to pay down high-interest debts and build an emergency fund, an expert says.
Benefits Think What’s missing from pending retirement legislation? A provision to plug cash-out leakage
Without measures to help workers avoid the decision to withdraw their savings, the proposed law is less likely to achieve the stated goals of its supporters.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Retirees are facing a bigger risk than market volatility
Employees have to increase their risk exposure to ensure they don’t outlive their savings.
Employees should be thinking about their kids’ retirement, too
Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.
How gig economy workers can save for retirement
Those with 1099 income have several tax-advantaged options.
A different take on taxes for employees planning to retire early
“They’re looking at their future and saying, ‘If I pay taxes today, I could potentially have more tomorrow,’ ” one expert says.
