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| Benefits & Administration |
| Americans Underestimate Long-Term Financial Needs |
| Despite being confident about their current financial situation, a large portion of Americans significantly underestimate the projected costs of living in retirement, according to a recent survey by independent adviser Financial Engines. The study found that 58% of respondents at least 65 years of age and 76% of those between the ages of 55 and 64 believe the average married couple retiring at age 65 would need between $50,000 and $200,000 for health care. Financial Engines estimates the actual figure is $266,000.Read more > |
| Saving for Retirement Not Feasible for Many Women |
| Saving for retirement is not economically feasible for 44% of middle-income women, MassMutual found in a survey. By comparison, this is the case for only 14% of men with annual household incomes of between $35,000 and $150,000. Thirty-nine percent of these women and 35% of these men say they do not feel very or at all financially secure, and 47% of women say they are not very or at all confident they will be financially secure in retirement.Read more > |
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| Products, Deals and People |
| Partnership Creates Solutions for Gig Workers |
| In an effort to combat the insufficient benefits gig workers receive, Willis Towers Watson and Stride Health Inc. have teamed up to provide solutions for contingent workers, including contractors and part-time and seasonal employees.Read more > |
