According to most retirement savings statistics, saving for retirement is something a lot of people put on the backburner. Until it is too late, that is. For some people, the reason is that they are simply living paycheck to paycheck, so there isn’t much left to put aside. Others have some leftover money after covering … Continued
“Financial Wellness” is getting a lot of buzz these days — and for good reason! After all, today’s workforce is overwhelmed by mounting student debt and other rising expenses. Financial wellness refers to a person’s overall financial health and is one of many factors that makes up employee wellbeing. We often think of wellbeing as … Continued
Over the past few years, we’ve seen tremendous growth in Financial Wellness Programs. Actually, as indicated in a recent report by Aon Hewitt, 77% of mid- to large-size companies will provide at least one financial wellness service in 2017; with 52% of employers providing services in more than 3 financial categories. So what are the … Continued
American employees see themselves as more physically fit (57 percent) than financially fit (28 percent), according to new research from the Principal Financial Well-Being Index: American workers. Read full article here…
The last of the baby boomer generation will be turning 50 this year, and it’s time for them to get a fix on how they are going to prepare for retirement. Fortunately, there are valuable lessons, financial and otherwise, to be learned from those who have already reached their later years.
A new analysis of the 100 largest corporate pension plans finds that retirement coffers bounced back in 2013, reaching record funded-status levels and cutting away at pension deficits that have plagued them since 2008’s financial collapse.
According to the Employee Benefits Research Institute, almost nine in ten people don’t think they’ll have enough saved when they get to retirement. Are your plan participants prepared for it?
Employers are embracing the concept of financial wellness, however according to a recent survey, only 26% of small companies have a financial wellness strategy.
While a company’s workers may differ in age, gender and in a range of other categories, new research suggests they share at least one common attribute – a lack of confidence about retirement savings.
Employees are more aware of their financial shortcomings, but with that increased awareness comes greater strain on their psyches. That was the major takeaway of a recent survey by Financial Finesse. Read more…
