Retirement readiness

The fact that many female workers will fall into poverty when they reach age 65 or older should be a call to action for employers and policymakers, says the National Institute on Retirement Security.

Automatic rollovers are better than cash-outs for cleaning up small 401(k) accounts, but the ideal long-term solution is for sponsors to enable seamless, automatic plan-to-plan portability.

Connie Weaver, executive vice president and chief marketing officer at TIAA, explains the rationale behind the financial services firm’s new look and name.

Advisers can give employees tips on how to improve their 401(k) savings curve by taking small, manageable steps.

Some employers are exploring student loan repayment as a way to attract talent and differentiate themselves from the competition.

Employers acknowledge that defined contribution plans are the primary savings vehicle for many employees, yet their actions so far don’t reflect that line of thinking.

As companies strive to find new and better ways to attract and retain skilled workers, some are exploring student loan debt repayment as a way to differentiate themselves from the competition.

Workers who are stressed about finances are absent on average 3.5 days per year, compared to 1.9 days for those who are not stressed about money, pointing to a need for more robust workplace financial wellness programs.

Employees can get tips on how to improve their 401(k) savings curve by taking small, manageable steps and other important advise.

Brokers and clients should educate workers about the need to accumulate enough savings.