C-Suite

In this episode of the Beyond Benefits podcast, we dig deep into a number of topics with our newly crowned BenefitsPRO Advisor of the Year, Chris Hamilton.

Since the financial advisor’s resignation last month, 20 clients, representing $35 million in assets, have transferred or are in the process of transferring their accounts to Morgan Stanley, according to JPMorgan.

That’s one year sooner than previously forecast, according to the just-released Social Security Administration’s annual Social Security and Medicare Trustees Reports, which urge lawmakers to “quickly enact legislation to make the necessary adjustments.”

“Given that nearly a third of respondents have detected errors in their paychecks at some point, their stress is not unfounded,” according to a new report from Deel.

Amid heightened inflation concerns, workplace retirement plans need to go beyond simply offering a 401(k) and match – and must now include ongoing financial advisory, investment planning and income solutions, according to the financial services firm.

Not only should employers offer lifetime income, workers feel it is an employers’ responsibility to do so, which represents a dramatic increase in interest in guaranteed lifetime income, according to new research from Nuveen and TIAA Institute.

In a release Tuesday, the nonpartisan CBO said that higher interest rates from the bill would add $441 billion to deficits over a decade.

Employees are feeling increasingly pessimistic about the country, their job and their financial situation.