Retirement

Job seekers are now expecting financial wellness benefits, and nearly half (47%) of employers will offer them by 2026, according to Borja Perez at CloudPay.

She hopes to use prescription benefit savings and international tax changes to pay for the services.

Words are very powerful, says a new Invesco survey, which identifies some specific language that resonates with plan participants and can guide plan sponsors as they craft their messaging. For instance, "investment income" is preferred over "nest egg."

According to the Congressional Budget Office, the average 2034 per-user effect could be $650 in savings and $4,300 in costs for Medicare, but this could have a big effect on all employers health plans as well.

Comprehensive financial wellness programs can help employees stay on track to meet their goals, but also bring to light the issues they may not be thinking about that impact their financial well-being, says Goldman Sachs' Nancy DeRusso.

If advisors aren't speaking to defined contribution clients about retirement income solutions, someone else will be soon, recommends BlackRock's Carrie Schroen.