Investment Instruments

Some employees are turning to their retirement plans when unexpected expenses arise, but employers should be offering emergency savings programs instead, says a new report.

Employers should provide targeted communications to women, as well as access to independent financial counselors, decision support tools, and debt management services to help bridge the gap, says a new report.

Early career employees have different needs than an executive getting ready to retire. Employers should group their population by HSA ability levels with the goal of helping their employees' level up their HSA behavior over time.

Now, experts are saying it should just be a guideline for a retirement plan. Instead, give greater consideration to commission-free retirement annuities, which are built to generate income while also offering predictable income.

In light of inflation and a possible recession, there are a number of strategies and tools that employers and advisors can offer, such as digitally enabled, low-cost, personalized retirement advice, says a new study.

The worst-hit region is likely to be Europe, where real salaries — nominal wage growth minus the rate of inflation — are seen being driven down an average 1.5%, according to workforce consultancy ECA International.

Many are seeking professional advice/guidance for generating retirement income, understanding how long their savings will last and whether their savings are on track or need to be adjusted, says report.

Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.