Retirement Trends

Retirees this year received a record-high 8.7% cost-of-living adjustment in their benefits – the largest increase in four decades – however, next year may be less than half that percentage due to inflation, according to a new estimate.

This is a significant rise from a year ago, as employees struggle with personal finances and mental health, according to a John Hancock Retirement report.

Many small business employers may be unaware that there are several retirement solutions available to them and that the new federal law covers 100% of the startup administrative costs for employers with up to 50 employees.

The new legislation is a significant step toward making retirement plans accessible to 57 million more people, similarly to the launch of automatic enrollment In the UK a decade ago, says Smart's global retirement report.

When it comes to people and personalities, there are often other motivators that lead to people considering the company their second home.

That score plunged to 72% for millennials, who have decreasing savings rates and a more cautious and conservative approach to investing, according to Fidelity.