Planning for retirement isn’t just about saving. Saving is important, and addressing financial wellness, such as getting a handle on debt, can help retirement plan participants increase their savings. But, participants also need to understand their risks in retirement—investment returns, inflation, longevity, health care costs, unexpected expenses. Plan sponsors can play an important role in educating participants about these risks. In this edition of PLANSPONSOR Weekend, we highlight articles pertaining to retirement planning.
Although a majority of workers thought workplace financial well-being programs would be either very or somewhat helpful in better preparing or saving for retirement, fewer than half of workers thought debt counseling or budgeting help would be helpful, the Employee Benefit Research Institute (EBRI) found.Read more >
A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available plays a part as well.Read more >