Offering financial education can provide a big boost to employee productivity, allowing employees to solve financial dilemmas and refocus on work.
Through the use of education and communication, employers and benefit advisers can have a huge impact on their employees retirement readiness. Making that education meaningful, however, is key to employee engagement and understanding. Here are five tips from Grinkmeyer Leonard Financial and investment advisers with Commonwealth Financial Network on how to make retirement education meaningful.
Group annuities are common among 401(k)s because they appear to be cost effective, turnkey options. However, careful due diligence will reveal they are big aggressors when it comes to fees that hinder portfolio growth.
Despite great strides in retirement security, some lawmakers and benefit leaders see an opportunity to revisit tax policies that could help incentivize all Americans to save more as they plan their exits from the workforce.
A recent alert from the Securities and Exchange Commission emphasized how easily and quickly false information can be spread via social media by market manipulators who may be posing as legitimate or trusted sources of information. Plan sponsors may want to communicate this information to their 401(k) plan participants.
A new Senate bill calling for an amendment to a controversial section of the Employee Retirement Income Security Act is expected to save employers and plan sponsors $15 million over the next decade, according to new estimates.
Global correspondents for retirement travel site Live and Invest Overseas have picked some of the top retirement destinations for its 2014 Retire Overseas Index, which takes into consideration everything from climate to the cost of living to health care and taxes. Here are some of their top picks.
Commentary: Open enrollment time means employer clients will be reviewing fee disclosures. Columnist John Ludwig discusses several steps plan sponsors should take when reviewing the disclosures for accuracy and to determine if fees are fair and reasonable.
Since joining the NFL Players Association 25 years ago, Dana Hammonds has launched a successful financial education program and constantly fine-tuned educational topics and outreach to meet players needs. She is the recipient of EBNs 2014 Benny Award for Leadership in Retirement Planning.
Many studies indicate that workers should save at least 12% to 15% of their income each year. It is likely that most 401(k) plan participants are not saving anything near this amount.
Target-date funds continue to increase in popularity among investors as low-cost retirement vehicles, at the same time the Internet and increased benchmarking have made the retirement industry more transparent than ever.
According to WalletHub.com research, these 10 cities ranked as the worst places to retire based on five key dimensions affordability, jobs, activities, quality of life, health care and a variety of metrics, including cost of living, job prospects for those over age 65 and the availability of recreational activities.
Are your employees looking to retire somewhere cheap, or will an abundance of recreational activities or access to high quality health care be more important to them? WalletHub.com ranked the 10 best places to retire using five key dimensions -- affordability, jobs, activities, quality of life, health care -- and a variety of metrics, including cost of living, job prospects for those over age 65 and the availability of recreational activities.
New data reveals only 46% of middle-market consumers have individual life insurance, and that more than three quarters of consumers age 25-64 say they would benefit from more close guidance from financial services professionals in adding that important voluntary benefit.
With such a wide range of opinions about how much money employees need to save for retirement estimates vary from eight to 25 times final pay it can be hard for participants to know what to aim for.