Retirement readiness

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

Expect clients to take steps, such as maximizing automatic services, that will encourage positive behaviors to help individuals reach their financial goals.

Expect employers to take steps, such as maximizing automatic services, that will encourage positive behaviors to help individuals reach their financial goals.

High cash-out rates exacerbate an already challenging situation for some minority retirement savers. Households making $20,000 or less are especially vulnerable.

More than two-thirds of retirees say they live as well or better in retirement than when they were working.

High cash-out rates exacerbate an already challenging situation for some minority retirement-savers. Households making $20K or less are especially vulnerable.

Although rainy day funds can be useful in the ongoing struggle to curtail leakage of savings from defined contribution plans, they won’t plug the biggest hole in the retirement system’s proverbial bucket.

Maryland and New Jersey are among the least-appealing places for employees to spend their post-work years in 2019, due in part to affordability, health-related factors and overall quality of life.

Thousands of employers using the payroll company's software now have the option to offer the online program to employees.

Growing numbers of federal workers have been tapping their retirement funds in a sign of how the government shutdown is squeezing day-to-day finances.

Thousands of employers using the payroll company's software now have the option to offer the online program to employees.

Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.

Benefits are meant to replace just 40% of preretirement income, so many retirees should consider creating new income sources, such as running a small business or renting out a property.

Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.

With financial wellness education, full automation and more, employers can help their employees improve their plans.

The pioneering state and a few other early adopters are hoping that they will set the tone for a "movement" toward state-run retirement plans.

Failing to take the mandatory distribution on time may push retirees to a higher tax bracket.

With little clarity on when they plan to leave the workforce, older employees are forcing employers to rethink retirement strategies.

Seniors should not only have a financial plan in place, but activities to keep them preoccupied.