Plus, their confidence in Medicare and Social Security benefits is at an all-time high.
The racial wealth gap underscores a need for financial education and access to advice—something retirement plan sponsors can provide.
While loan forgiveness programs are an option, many applications are confusing and difficult to navigate.
An American Consumer Credit Counseling (ACCC) report found 23% of employees are also increasingly unconfident in the economy.
The ideas explain what retirees are focusing on after the workforce and as they enter the next chapter.
The report highlights how a loan or distribution option under the CARES Act can affect employees.