Americans’ Greatest Fear About Aging is Covering LTC Costs
Many mistakenly believe government programs will cover long-term care costs, which may be why a mere 20% have taken any steps to find LTC insurance.
Latest News
Benefits |
Employers Still Shifting Some Health Care Costs to Employees
But, self-funding health insurance is becoming more popular as a way to cut costs, United Benefit Advisors finds.
401(k) Contributors May Be Affected by Tax Reform Changes
An EBRI report breaks down how specific age groups and salary ranges would feel the pinch.
African-Americans Want More Financial Education From Their Employers
This demographic is more apt to be behind in saving for retirement and worried about making ends meet, they report.
Financial Shocks Throw a Wrench Into Americans’ Retirement Savings
Many borrow from their 401(k) plan to cover a sudden financial emergency, Pew found in a survey.
Most Millennials Limit Spending to Save More
Overall, the need to save more tops the list of reasons for limiting spending for the second consecutive year, Bankrate.com found.
40% of Retirees Discover That Health Care Costs Are Higher Than Expected
LIMRA says that retirees can expect to pay 13% of their income each year in retirement on health care and long-term care expenses.
Xerox Wins Dismissal of Suit Over Financial Engines Offering
Neither Xerox nor Financial Engines were acting in a fiduciary capacity relating to their fee arrangement, a court found.
Sponsors Embracing a Wider Array of Best Practices
Automatic enrollment, higher initial deferral rates and financial counseling are just a few that more employers are adopting.
Benefits |
Most Workers Concerned About Rising Out-of-Pocket Medical Costs
More than half of Millennials struggle to pay their doctors’ bills or have an acquaintance who does.
Price Inflation Again to Blame for Much of Projected Rising Health Plan Costs
Options are available, though, to mitigate the jump and provide more affordable care.
Products |
Bilingual Education Push from Lawton Retirement
The firm has appointed a director of bilingual employee education, tasked with delivering more culturally diverse education strategies and collateral to plan participants.
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
Women Are Substantially Behind Men in Growing Lifetime Wealth, UBS Says
The difference owes to the pay gap between men and women, the tendency of many women to take a career break to raise or care for family, and...
Products |
Technological Integration Simplifies Distribution Workflow
Clients will be able to input distributions in one company's system and automatically send the data to the other company, instead of inputting the information again.
Portfolio Reviews Remain Important Amid Low Volatility
While few if any investing professionals advocate for aggressive market timing, it is natural to ask the question of when the bull markets could cool—and how investors might...
Americans’ Debt Could Be a Serious Impediment to Retirement Savings
People are carrying an average debt load of $140,113, GoBankingRates.com found in a survey.
IRS Issues Memorandum on Plan Loan Cure Periods
IRS says missed repayments can be addressed in the following quarter or that participants can refinance a loan, but that it will still be due on the original...
What Is a True-Up Match?
Though not a required contribution, defined contribution (DC) plan sponsors may want to offer a true-up match to help participants maximize their savings for the year.
Slight Increase in Mortality Gives Pension Plans a Break
With life expectancies declining slightly, pension plan obligations are reduced between 0.7% and 1.0%, the Society of Actuaries says.