Social Security or not, the time to secure employees' retirement is now
Here are 4 steps you can share with your employees to help them plan for retirement during these volatile times.
By David Kilby|March 17, 2020 at 11:30 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
With the economy in a state of such volatility, it’s hard to predict how or when Social Security benefits may change. According to the Social Security Administration, “Social Security benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.” Regardless of the evolution of this benefit, employees need to prepare to support themselves through retirement.
Relying on money that may not exist is a risk no American can afford to take. This is especially important for employees who anticipate being in the workforce beyond the next 10 years. They should be prepared to save more than previous generations if they don’t want to jeopardize their ability to retire and live the lifestyle they desire.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.