Browsing Tag
401(k) Financial Wellness
857 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.
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
Just 20% of Adults Receive Financial Education in High School
A survey by Edward Jones and Morning Consult find that most adults learn about financial education after high school, while 18% never receive education at all
A Third of Workplace Savers Plan to Delay Retirement
BlackRock's Read on Retirement survey finds more participants are experiencing "financial burnout" due to economic concerns
Investors Expect Inflation to Normalize by End of Year
A quarterly survey by Morgan Stanley Wealth Management finds over half of investors believe inflation will reach normal levels by the end of 2023
More Americans Believe Their Financial Planning Needs An Upgrade
Latest findings from a Northwestern Mutual Planning & Progress Study shows 66% of Americans say their financial planning needs improvement
A Quarter of Caregivers Own Less than $1,000 in Savings
Additionally, caregivers were likelier to list debt as a financial issue, finds EBRI
Forced Into Retirement, More Retirees Look to Part-Time Work
An Edward Jones survey found 40% of clients were pushed into early retirement