Retirement Advisor

While 4 out of 5 working Americans say their financial situation is causing them anxiety, they want personal finance advice on side hustles, investing, budgeting and debt management to improve their situation, says a new survey.

The stimulus checks landed automatically in beneficiaries' mailboxes or bank accounts in 2020 and 2021, but now, the SSA has been sending notices in an attempt to claw back $21.6 billion in "overpayments."

According to a Plan Sponsor Council of America (PSCA) survey, half said that they promote HSAs as part of a retirement savings strategy to employees.

The recent cyberattack that compromised data at more than 600 organizations worldwide highlights the need for plan sponsors to become cybersecurity specialists to protect employee data and assets (or lean on expert advice).

Over half (54%) of employees approaching age 65 will likely seek guidance about Medicare from their employer, and one of the most common questions employers are likely to encounter from employees is: "When can I enroll?"

Investors may want to consider replacing a portion of their core bond portfolio with a fixed-income annuity or qualified default investment alternatives, like target date funds, balanced funds and managed accounts, says Nuveen.

Litigation is on the rise around employer retirement plans, so an understanding of the most common mistakes made by others is a great way to avoid losses for both your employees and your organization.

Last week, an earlier lawsuit was amended to include another former employee and more details over claims that Twitter (now known as X) denied severance benefits promised to employees, in violation of ERISA.