At the start of a new year, Americans are looking ahead to how they can manage their anticipated and unexpected financial needs while paying it forward to their future selves. Many workers are looking for support from their employers in navigating planning for these longer-term goals, like retirement, through financial benefits. A recent survey Betterment conducted of 1,000 US full-time workers found that 70% of employees view financial wellness benefits as more important to them now than they were a year ago, and 60% would be enticed to leave their job for an employer that offers better financial benefits.
This shows employees are more likely to jump ship if not offered the benefits they're looking for, making employer's solutions more important than ever.
Fortunately, in the ever-evolving landscape of retirement planning and employee benefits, the SECURE 2.0 Act marks one of the biggest advances in the retirement savings space in recent memory. Many of the provisions going into effect this year create more opportunities for employers and employees to work together to build a smoother path toward retirement security for all.
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