National Savings Day is the perfect opportunity for employers to host financial workshops, remind employees about student loan assistance options and provide personalized savings projections during October, says GoBankingRates.
At least 30,000 employers have opted to launch their own 401(k), when mandated by their states to enroll employees in a retirement plan, according to a Georgetown University study.
The pharmacy chain plans to negotiate better reimbursement terms with health insurers, while considering selling its VillageMD clinic business, said CEO Tim Wentworth.
While the Democratic candidate withdrew $135,000, the average amount people withdrew from their retirement accounts was $15,000 – and less than half (43%) have paid it back, according to a FinanceBuzz survey.
Leading retirement experts give their perspectives on raising awareness about the importance of planning, saving and ensuring a stream of guaranteed lifetime income for retirement in a new TIAA report.
80% of today's advisors said they were currently using AI at their firms, and of the 20% who aren't, nearly two-thirds said they had plans to integrate AI at their firms, according to new Betterment survey.
Over a third of plan participants have taken 401(k) loans and hardship withdrawals, while ESAs provide a no-cost alternative that cuts the likelihood of retirement loans and withdrawals in half.
Job seekers are now expecting financial wellness benefits, and nearly half (47%) of employers will offer them by 2026, according to Borja Perez at CloudPay.
Words are very powerful, says a new Invesco survey, which identifies some specific language that resonates with plan participants and can guide plan sponsors as they craft their messaging. For instance, "investment income" is preferred over "nest egg."