Retirement Trends

Following record-high sales in 2022, first half 2023 sales of annuities (which now include free withdrawal provisions) jumped 28% to $182.7 billion, the highest ever recorded in the first 6 months of a year, according to LIMRA.

Corporations stepped up caregiving resources during the pandemic by offering child and elder care assistance and critical illness benefits - and managed retirement accounts can also help caregivers make saving adjustments.

SECURE 2.0 increases the cap for mandatory force-outs on account balances from $5,000 to $7,000 after December 31, 2023, however, plan sponsors may want to have more assets in the plan to lower fees for all participants.

Employers are implementing initiatives in these five areas: the high cost of living, retirement preparedness, health care costs, budgeting and money management, and daily living expenses, according to a new EBRI report.

Employees want help to pay off debt, create an emergency fund and tackle retirement planning, but trust is key: Here are 7 ways to respect their privacy with the right third-party provider.

Student loan match, emergency savings and 529-to-Roth IRA rollovers are provisions in the new law that can alleviate some of the stress workers face when trying to balance their current needs with future financial security.