Offering a retirement solution that can adapt to fit the full range of diverse workers' needs can be complex, but there are a few key principles that can help you make your retirement benefits work harder for your employees.

Go granular – Many employees want help tailoring their retirement savings to help them budget for changing needs up to and throughout their golden years, but the first step is helping them connect the dots between their personal goals, where they are today, and how they can extract the most value from their workplace benefits. That way, they can begin to chart their own path towards building disposable income, evaluating progress, and understanding how investing in their future benefits them and their families over time.
Take a wider view – While employees manage their regular budgeting, credit, cost of living, and debt obligations, employers can help them understand the context of how these seemingly disparate parts of their financial world fit together. For example, which of their current expenses are fixed? Which drop off eventually, like a mortgage? Which are essential or discretionary? The more employees understand, the more they will be able to engage and customize.
Leverage professional guidance – A knowledgeable professional can help employees navigate the many unknowns of retirement and answer more personal questions—whether it's around financial decision-making, effective planning, or making the most of workplace benefits. Greater knowledge also means a greater chance that your employees will feel more confident about participating in your retirement plan and applying workplace benefits to their unique situation.
Schedule regular check-ups. Personalized planning does come with some tradeoffs—like the need for more active financial advisor involvement and personal management of retirement accounts both now and down the road. Set markers to remind employees about regular updates and check-in just to make sure that their retirement plan is still tracking with their goals, especially for more complex spending and withdrawal strategies.

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