Retirement Trends

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.