Before retirement, give baby boomer employees a crash course in Medicare
"The world of Social Security is so different from the world of employer benefits," a benefits consultant says.
Retirement readiness
The flawed advice being peddled about saving for retirement
Savers can expect investment returns through compounded growth as long as they don’t lose from a market downturn.
Benefits Think Want to help ensure retirement readiness for millennials? Make it a game
Gamification can help employees calculate how much money they will need to retire, increase their contribution levels and check their asset allocations.
Doug Chittenden
TIAA Institutional Financial Services
Don’t let employees fall victim to these retirement myths
There are many misconceptions that can lead to financial hardships in retirement.
As workers save for retirement, remember these 6 key HSA features
A health savings account can be a great savings vehicle for people who are preparing for retirement.
Steps employees should take before contributing to a 529 plan
Funding a 401(k), 403(b) or company-sponsored retirement savings vehicle should come first, an expert says.
Proposed law could change rules for IRA withdrawals
The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.
Benefits Think A retirement readiness benefit that addresses the financial challenges of aging
Group long-term care insurance can help employees protect their assets and relieve some of the stress of caregiving — as well as benefit clients, too.
Brian Harrington
Genworth
401(k) tweaks that can help clients reach retirement sooner
Plan participants should consider boosting their contribution rates if they are planning for an early retirement, says one expert.
Benefits Think A retirement readiness benefit that addresses the financial challenges of aging
Group long-term care insurance can help employees protect their assets and relieve some of the stress of caregiving — as well as benefit employers, too.
Brian Harrington
Genworth
Retirement? Four in 10 Americans don’t see it ever happening
Saving for retirement is more important than paying off credit card debt or building an emergency fund, according to a new survey.
U.S. labor churn from aging population seen peaking in 2023
More than 10,000 people are now retiring each day, but this figure could fall by close to 2,500 people in the next few years.
Retirement is forced upon roughly one-quarter of Americans
Even among those who had some savings, people say they commonly lacked financial knowledge and were uncomfortable making investment decisions.
How 401(k) savers can avoid a nasty surprise come retirement
Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.
How much should employees take out of their portfolio when they retire?
Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.
Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
Millennials want student loan benefits over 401(k)s. Here’s why that’s a problem
“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.
The one huge expense most retirees aren’t ready for
An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.
Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
3 ways to boost employees’ retirement savings without upping their contributions
Ensure their contributions don't exceed the limits to avoid a penalty tax.
