Advisor Sales Strategies

Hourly workers – who are 56% of the workforce – are less confident they'll have a comfortable retirement compared to salaried workers, while 25% of all workers say their employer doesn't offer a retirement plan, says a new survey.

Despite nagging inflation, 401(k) plans saw record-highs in participation, deferral rates and the use of professionally managed allocations in 2022, according to Vanguard.

Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.

Small business owners now have a range of options depending on the number of employees, but it's essential to start early, leverage tax-advantaged retirement accounts, diversify investments and plan for an exit strategy.

The pause on federal student loans is ending and companies can play a part in the solution to the student debt crisis.

Employers can help employees improve their retirement readiness by encouraging them to engage with their 401(k) benefits, which might include access to retirement planning tools or meetings with financial advisors.

New state laws are attempting to solve a problem: Few private sector workers save for retirement without an employer-sponsored retirement plan, so it's important for small businesses to take steps now to set up a strategy.

There are officially five generations of employees in the workplace and it seems each generation has their preferences.