You know that more and more older employees are putting off retirement. Well, the situation’s getting worse.
An alarming trend could be affecting your staffers’ ability to save for retirement — and your return on investment for 401(k) and other retirement programs.
The IRS has released its new plan contribution limits for next year. Here’s what you’ll need to know for 2013.
Seems as though more young workers are serious about saving for retirement — because they’ve seen the struggles their Baby Boomer parents have gone through.
To maintain your standard of living, you need to save 11 times your annual salary if you plan to retire at age 65. How many people are on pace to hit that mark?
It’s been reported that in 2006 and 2007, the IRS left nearly $300 million in uncollected tax dollars on the table because it failed to follow up on individuals’ retirement account withdrawal and contribution mistakes. But in the future, account holders may not be so lucky.
The Government Accountability Office is recommending the Department of Labor look to four countries for ideas on how to improve retirement accounts in the U.S.
By now you’ve probably seen the reports showing Americans’ 401(k) account balances won’t support a decent lifestyle in retirement. Well, Fidelity is saying those studies are using bad math.
The next time you plan on communicating with your staff about the benefits of your retirement plan, it may make sense to put a heavier emphasis on trying to get female workers to ramp up their savings.
When all else fails to get employees to ratchet up their retirement contributions, hit them with this number.