Browsing Tag
401(k) Financial Wellness
853 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.
DC Employers Increasingly Offer Retirement Income Solutions
More DC plan sponsors are evolving from an exploratory to a decision-oriented position when it comes to incorporating retirement income solutions, finds T. Rowe Price
Longevity Planning Across Generations
A new study from Transamerica and MIT AgeLab compares how different age groups are planning their longevity, and how financial professionals can help
Here’s How Multiple Industries Save for Retirement
A Guideline report analyzes numerous industries to see how they differ in retirement planning access and participation
Americans In the Dark with Longevity Literacy
The joint study by TIAA and GFLEC connects stronger longevity literacy scores with retirement readiness
Workers More Confident in Physical and Mental Health Compared to Finances
A new study by Northwestern Mutual finds American workers report the lowest confidence level in their finances
Now Is the Time for Emergency Savings
SecureSave's Suze Orman and Devin Miller explain why employers are best equipped to incorporate emergency savings into their benefits package now
Employers Taking a More Proactive Approach to Financial Wellness
J.P. Morgan's latest survey finds 85% of plan sponsors feel a strong sense of responsibility towards employees' financial wellbeing
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
Student Loans Preventing College Grads From Major Life Milestones
New Fidelity research finds two-thirds of recent college graduates say student loans prevent them from saving for retirement and getting married
Plan Sponsors Share Most Successful Retirement Savings Strategies
Among the most rewarding strategies included providing access to advice, visual aids, and automatic enrollment, found TIAA