Retirement readiness

Employees who experience a financial setback when they are preparing to retire are advised to stick to the budget and cut spending.

The number of employers offering student loan debt repayment programs has doubled since 2018.

The program would be voluntary for anyone working at least 20 hours a week and automatically withhold at least 3% of a paycheck.

“If retention is an important factor for an employer, financial wellness is quite worth the investment,” one benefits consultant says.

EBA’s Retirement Adviser of the Year wants all employees to have equal opportunity to save for the future.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

To make the most of their savings, workers should start funding their accounts as early as possible.

These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.

In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.

Many pin the blame on stagnant or dwindling income, according to a new survey.

The new benefit allows employees at the financial services company to pay off student debt with reward points.

In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.

The financial group also says employee savings rates are on the rise.

Depending on where they live, retirees can expect their six-figure savings to last more than two decades, data shows.

Employees who retire early are more likely to experience bouts of anxiety and self-doubt.

Offering low- and middle-income employees savings interventions can have a positive impact on their personal finances.

Seniors living overseas are advised to enroll before moving back to the U.S.

Employees are more productive and happier when employers show an interest in their financial wellness, a new report shows.

The financial services company is part of a larger trend of employers offering the financial benefit.

Benefits can be tailored to address student loan debt, and help put employees on track for retirement.