Retirement planning

When planning for retirement, it is important for workers to think in terms of their source of income in retirement, but which retirement vehicle offers the best perk?

Plan administrators who make foolish mistakes are begging for an invasive audit from the IRS or Department of Labor. Here are some common errors that will trigger your plan’s worst nightmare.

While many retirees have prepped well for whatever the economy and markets may bring, far too many others have not, an expert says.

Automatic enrollment is starting to generate a backlash with many critiques from analysts saying workers may run up debt to make up for the reduced take-home pay

Cash balance, deferred compensation and profit-sharing plans are gaining in popularity - especially for small employers.

A recent case illustrates that a buyer might be determined to be a successor employer even if the buyer does not have actual notice of the withdrawal liability.

Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.

While these services are far from perfect, they are a useful way to start a conversation with employees planning for their post-work years.

Employers should concentrate on adopting measures that enable seamless plan-to-plan savings portability for participants, especially for employee accounts with less than $5,000.

The credit card giant joins a growing list of employers who have boosted education benefits to stand out in an increasingly competitive labor market.

While these services are far from perfect, they are a useful way to start a conversation with employees planning for their post-work years.

Why one restaurant chain says giving workers advanced access to their earnings raises morale and increases productivity.

Benefit advisers have a definite role in helping employers take steps toward building a more financially-secure workforce.

Fiscal literacy isn’t taught in high school and colleges, so employers must counsel their younger workers about saving money.

Starting small, with financial checklists and cash flow worksheets, can have a large impact on plan participants.

Clients are advised to keep track of their financial information and have a trusted person who knows where to locate it.

Employees who have access to a workplace plan and start saving early are in the best position to retire when they finally reach the age of 65, says the EBRI.

Insurance brokerage Willis Towers Watson’s new program aims to help workers choose the right insurance once they retire.

The latest proposal clarifies an RIA’s duty of care and other fiduciary obligations when dealing with clients.

One of the misconceptions is that payroll taxes should be raised and benefits should be cut considerably to save the program.