Retirement Trends

In a year when more Americans than ever are turning 65, employees aged 55-65 are feeling more apprehensive about retirement than in previous years, according to Nationwide survey.

A group of Republican lawmakers urged the Education Department in a letter to nix its grand-scale bailout, which would provide even greater student debt relief than an earlier attempt struck down by the Supreme Court.

Retirees may prefer a Non-Guaranteed Retirement Income Payout over guaranteed income options due to flexibility and lower costs, according to the Institutional Retirement Income Council.

Since 2012, every state except Alabama has either enacted or introduced legislation that would establish state-facilitated retirement savings programs, and 10 states already have fully operating auto-IRAs.

Employers need more frequent and continuous benefits education throughout the year, and not just during open enrollment.

Most employees would prefer financial benefits such as a company stock plan, and a broad-based plan tied to payroll such as employee stock purchase plans may be a good fit, as more employees will be able to participate.

About half of millennials (56%) and Gen Z talk (49%) about money regularly, compared to 22% of baby boomers, according to CNBC, but employers can encourage employees by offering financial education.

There is a disconnect between the idealistic notion of early retirement vs. the reality of prioritizing saving for it, and one clear area for improvement for many employers is offering financial education, according to a new survey.