Two very interesting things happened in the world of retirement planning this week that employers will want to take note of.
Retirement Savings / 401(k)
Separate studies have uncovered two new things employers should be doing that can start saving them big bucks on healthcare costs.
You don’t have to search too hard to find doom and gloom about companies’ benefits and compensation outlook. But it’s critical not to let employees forget about good things that happen as you weather the economic storm.
Many older employees now plan to work years past the traditional retirement age to recoup lost savings. And as the age of your workforce increases, so do workers’ health problems. Two ways to keep costs under control:
2021 dollar limits on health savings accounts and retirement accounts
Even though many employees understand the benefits of investing pre-tax money in a retirement plan, many still chose not to. Here are employees’ top three excuses for not investing and how to get workers to move past them.
Does your 401(k) offer any of these online tools that are growing in popularity by the minute? If not, it could be dragging participation and contribution rates down.
It’s never been easy to get young employees to put part of their paychecks into a 401(k) account. Let’s face it — you’re probably not too worried about retirement when you’re feeling 10 feet tall and bulletproof.
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.
If your company offers automatic 401(k) enrollment, you’re required to give employees a special notice prior to enrollment.
Most companies focus primarily on employees’ age and income levels when it comes to promoting enrollment.
Should employees be allowed to use their retirement nest egg to save them from foreclosure? Some on Capital Hill think so.
Unless you have plans to spend your Golden Years working under the Golden Arches, it’s time to consider the strategies for a prosperous retirement.
When all else fails to get employees to ratchet up their retirement contributions, hit them with this number.
More than three-quarters (76%) of workers 55 and older say the last few years have provided them with a much-needed financial wake-up call.
As Baby Boomers near retirement age, and many indicate they don’t want to leave work, HR directors are finding the value of these older workers. As more proof that those considered senior citizens have the right stuff, consider this story about a 65-year-old bull fighter in Spain.
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