Research

Today's pre- and current retirees know they will face challenges but are willing to make adjustments, trade-offs and course corrections to improve their quality of life as retirement continues to last longer than ever, says a new report.

In the past two years - perhaps due to the Great Resignation - there's been a 20% increase in left-behind assets in retirement plans when employees switch jobs, according to a new report.

Most employees expect to work longer, indicating they plan to retire at age 65 (up from 64 in 2022), and need to save more than they did a year ago, according to Northwestern Mutual.

In light of the toll the pandemic has had on physical, mental and financial health of employees, employers are considering offering more wellbeing initiatives, as well as funding HRA and HSA accounts, says a new survey.

While most states are beginning to offer hybrid DB/DC plans, Alaska has chosen to move future hires into defined benefit retirement plans.

While health care costs are unchanged year over year, employers need to help pre-retirees save for health care expenses by considering options like a tax-advantaged health savings account, recommends Fidelity.