Retirement Trends

In 2024, a provision in SECURE 2.0 takes effect that provides a new option tying student debt repayments to 401(k) plans but clearly communicating to employees why and how to opt into the new program is key to adoption.

The new legislation represents a landmark in the evolution of retirement planning, benefiting employees in unique situations – facing student debt, saving for college or suffering from domestic abuse.

Financially stressed employees are more likely to leave and twice as likely to be looking for a new job.

Employees may not be aware of the scale of the offerings in SDBAs, which is why practical education is key to providing both personalization and desired outcomes for retirement plan participants, says a new Schwab report.

Corporate pensions are in better shape than they have been in years, according to Russell's 2023 Prudent Pension Funding Report that analyzed 500 U.S. pension plans.

There is some good news: Americans will probably be spared from mass layoffs this year.