Retirement Advisor

Employees want some form of guaranteed income in retirement, and advisors can help start the conversation by first dispelling widely held myths about in-plan annuities.

If the pending legislation becomes law (and it's expected to be approved by Congress by the end of 2022), employers can boost 401(k) plans by implementing a student loan retirement match.

Particularly new hires, whose defined benefit plans are likely to be less generous than their longer-tenured co-workers, are not preparing adequately for retirement, 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.

From more immediate financial help, like credit advice and childcare services, to personalized investment guidance from a professional, employers can now give employees what they want (and boost retention too).

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Leaving behind a forgotten 401(k) account has the potential to cost an employee almost $700,000 in foregone retirement savings over a lifetime.

While the inflation-fueled increase is much-needed for retirees, some experts say it is still inadequate in light of skyrocketing housing and health care costs.