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February 23rd, 2018

Study Suggests Annuity Ownership Increases Retirement Confidence

Seventy-three percent of retirees who own an annuity believe they will be able to live the retirement lifestyle they want, compared to 64% of retirees who do not own an annuity, the LIMRA Secure Retirement Institute found through a survey of 2,025 retirees. The research also found that retirees and pre-retirees who have a formal retirement plan are three times as likely to feel they are very prepared for retirement.Read more >

More Employees Enroll in HSAs for Long-Term Savings

Nearly 45% of respondents to a ConnectYourCare survey chose to enroll in a health savings account (HSA) as a savings vehicle for future health care needs, up from 40.5% in 2017.Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Want Employees to Invest Tax Savings? Act Now

It will only take a few pay cycles for folks to get used to seeing the extra money come in; thus the impetus is on plan sponsors to act today to directly encourage employees to consider putting some or all of their additional take-home pay into the retirement plan.Read more >

Research Suggests Most Retirees Able to Absorb Financial Shocks

However, changes in the retirement landscape suggest that future retirees will face much more difficulty.Read more >

California Proposal Seeks Shift from Public DB to DC

California State Senator Steve Glazer, who serves the state’s 7th senate district, introduced a bill earlier this month to allow new state employees the option of opting out of pension plan benefits and instead choose a “self-directed and portable retirement plan.”Read more >

Voya Increases Reach to Asian-American Market

In addition to unveiling its new Chinese name, Voya has a Mandarin website.Read more >

Break From the Grind: Younger Workers and Men More Likely to Negotiate Salary

Many job postings close with a statement indicating salary is negotiable, but according to a survey from global staffing firm Robert Half, only 39% of workers tried to negotiate a higher salary with their last job offer.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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