Planning for retirement involves many factors, and retirement plan participants need to be prepared for the unknown. For example, they need strategies to manage market volatility when nearing or at retirement in order to preserve their savings. In addition, health or other reasons may cause them to retire earlier than planned. Employees can also be reminded to adjust their spending and financial health now to prepare for a new reality in retirement. Plan sponsors can offer education and tools to help participants with their retirement planning. Enjoy this edition of PLANSPONSOR Weekend!
Center for Retirement Research at Boston College researchers find health shocks play the largest role in causing early retirements, both because people in bad initial health overestimate how long they can work and because health often worsens before the age at which they planned to retire.Read more >
Company stock plan participants surveyed by Fidelity Investments reported they have used or will use proceeds for things such as reinvesting in retirement accounts or paying bills and debt.Read more >
