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| Benefits & Administration |
| What It Really Means When ‘Retirement’ Is the Top Financial Concern |
| Lincoln Financial Group’s Jamie Ohl speaks about the opportunity for plan sponsors to think about their participants’ financial stressors in a more sophisticated way, supporting all the generations in a targeted manner.Read more > |
| Young Women Have Lofty Goals for Reaching Financial Independence |
| In a survey of young adults between the ages of 16 and 25, Schwab learned that 67% of the young women are driven to reach financial independence, versus only 58% of the young men. Seventy-six percent of the young women said they see value in creating a financial plan to reach their goals. By comparison, only 64% of the young men said the same. However, they have less saved than young men, and twice as many young men as women reported having investment accounts.Read more > |
| Savings Needed for Health Care in Retirement Continues to Grow |
| Individuals should understand that Medicare was not designed to cover health care expenses in full, and the most recent estimates by the Employee Benefit Research Institute (EBRI) show that, at the extreme, out-of-pocket costs could reach $399,000 or more. The 2018 estimates are 3% to 13% higher than the savings targets estimated in 2017, and EBRI says the main reason for the increase in needed savings is related to the adjustment that is made each year to re-establish the baseline for out-of-pocket spending associated with prescription drug use.Read more > |
