Browsing Tag
401(k) Financial Wellness
855 posts
401(k) financial wellness, in the context of a 401(k), means having the confidence and security of knowing your finances are in good shape and you’re on track for your long-term financial goals, including retirement. This involves managing your money well, being prepared for unexpected expenses, and having a plan for the future.
Short-Term Financial Needs Infringing on Retirement Saving: BofA Report
While saving for retirement remains top financial goal, Bank of America Workplace Benefits study finds more employees are prioritizing pressing needs this year
401(k) Loans Grow as Participants Struggle with Emergency Savings
The number of participants taking 401(k) loans has increased across all age groups so far in 2023, reports T. Rowe Price
HSA Assets on the Rise For Midyear 2023
HSA assets increased 17% by the first half of 2023 while accounts grew 6%, finds a Devenir report
3 in 4 Say Resumption of Student Loan Payments will Impact Retirement Contributions
New Corebridge Financial-Morning Consult study finds end of 3-year repayment pause will cause many to cut back on 401(k) contributions
Exploring the Very Real Workplace Financial Wellness Gender Gap
New study from HerMoney and Principal shows the gap is real with significantly different perceptions of investing between the sexes
Competing ‘Financial Vortex’ Challenges Retirement Savings
Newly-released Goldman Sachs report highlights how a "financial vortex" of competing priorities threatens American workers' retirement savings
Taylor Swift, Beyoncé Tours Inspire New Era of Financial Spending
Consumers are spending more of their finances on concerts. Here's how advisors can help them manage the expenses while saving for the short- and long-term
Quarter of Americans More Comfortable with Fantasy Football Than Investments
The findings come as only 37% of sports fans are confident in managing their own financial portfolio, reports Empower
Spending Spikes Linked to 401(k) Plan Withdrawals
A report by EBRI and J.P. Morgan Asset Management links 401(k) plan data with consumer banking data to understand how participants react to irregular spending
Borrowers Increasingly Stressed Over Looming Student Loan Payments
With payments starting up next month, close to half of borrowers say they feel extremely or very stressed, finds Achieve