Retirement Trends

The Institutional Retirement Income Council has released a new paper that recommends plan sponsors provide retirement income projections to plan participants, calling it an important element of retirement preparedness.

In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam off of an overheated US economy. But higher borrowing costs have also had some unexpected effects.

With recent changes to the design of health care plans, there is more room for employers to violate their fiduciary obligations; however, they can take steps to ensure that they are meeting those responsibilities.

Ranking cost, access, and health outcomes across all 50 states and Washington D.C.

The purpose would be to use financial planning training as a vehicle to highlight all the benefits the company provides to employees, like health care, parental leave and tuition reimbursement.

The new guidance follows a new provision in SECURE 2.0, allowing employees to withdraw $1,000 from their retirement accounts for medical care or "any other necessary emergency personal expenses," according to the IRS.