Retirement Advisor

The conglomerate announced its plan to halt pensions for non-union workers, shortly after IBM's announcement to resurrect DB plans, while other firms might need to reassess their own retirement strategies to assure an optimal fit.

Launched after the Supreme Court rejected President Biden's sweeping $10,000 loan forgiveness plan last summer, the SAVE program for those who borrowed less than $12,000, is set to begin in February, months ahead of schedule.

There's an increasing recognition of the need to help participants convert their accumulated savings into a reliable income stream during retirement, according to the new Institutional Retirement Income Council report.

Although 92% of employers thought their retirement benefit offerings were competitive, 61% of their employees thought they could find a better retirement package with a different employer, according to a new Buck report.

Retaining talent is now a top priority for any business but workers whose employers offer a 401(k) retirement plan are on average 40% less likely to leave in their first year, according to Gusto economists.

It is in a company's best interests to consider their 401(k) plans and how well they are doing for ALL employees - and offer financial wellness to those who are struggling financially, according to a recent WTW webcast.

Some of the new retirement regulations are mandatory, such as increases in mandatory distributions, while some are optional, like the student loan matching contributions, but the changes are significant for every generation.

At TIAA's recent "Securing Retirement in America" event, experts discussed the Lifetime Income for Employees Act, legislation introduced in Congress in 2023, and other solutions to improve lifetime income for workers.