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Employees can easily latch onto media-hyped, generalized one-size-fits-all retirement savings numbers without a clear understanding of whether those figures align with their personal financial circumstances. So what is retirement savings planning not?
According to a December 2023 survey from Schroder’s, nearly half of non-retired Gen Xers, those born between 1965 and 1980, have not done any retirement planning whatsoever. So how can employers help their "Sandwich Generation" workers consider planning for retirement?
Retirement planning often directs attention toward mid-career 401(k) participants and those nearing retirement, but what about the youngest members of the workforce — the 18- to 20-year-olds, or those even younger? How can proposed Legislation aim to help young workers put time on their side in retirement planning?
According to recent data from the National Council on Aging and the Women's Institute for a Secure Retirement, nearly half of women ages 25 and older lack access to a tax-advantaged, employer-sponsored retirement plan.
During the pandemic, workers quit their jobs in record numbers across the U.S. According to the Bureau of Labor Statistics (BLS), a record 4.4 million employees (3%) resigned their positions in September 2021, the largest number ever recorded since the BLS began tracking the metric in 2000