Retirement Trends

Innovative benefits can also help employers retain and attract the talent they need.

Reducing monthly expenses can extend a retiree's $500,000 savings by more than seven years, according to the financial advisory firm, which examined three sample retirement portfolios.

45% of Medicare beneficiaries haven't reviewed their coverage options in the past year, and a full third of respondents say they probably won't.

Things are tighter than the federal funds rate suggest, according to the San Francisco Fed.

The retirement age has also risen from 62.6 in 2021 to 64 this year, and employers need to prioritize their employees' financial health by offering tools and resources that make it easier to build wealth, recommends a new report.

Now, experts are saying it should just be a guideline for a retirement plan. Instead, give greater consideration to commission-free retirement annuities, which are built to generate income while also offering predictable income.