Happy Friday, readers! While the topic tends to receive a lot of attention these days in financial news publications and provider-sponsored research reports, advisers have long known about the fundamental difficulty of planning for their clients’ health care needs in retirement. The challenge is about as complex as any that the typical worker faces in their financial life. How much will it cost to access quality care after work ends? Are there additional actions one can take today to improve their long-term health outlook? What health-specific savings or investment vehicles are available? This weekend’s newsletter tackles these vexing questions head on. We hope you’ll share some of what you read with a client or colleague.
Most HSAs do not even have an investment component, but this will change, as health care brokers have been driving plan sponsor adoption of HSAs, but in the future advisers will, Jamie Greenleaf, with Cafaro Greenleaf, told attendees of PLANSPONSOR’s 2018 HSA Conference.
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Speakers at PLANSPONSOR’s 2018 HSA Conference discussed educating participants about investing health savings account (HSA) assets and planning for retirement health care costs.
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Willis Towers Watson suggests portals integrated with financial planning tools can help employees make strategic decisions about where to best save their money based on their unique financial situation.
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The Transamerica Center for Retirement Studies makes suggestions in a new report for how employers can take steps to enhance retirement security for workers.
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According to Josh Cohen, a big part of PGIM’s strategy as a DCIO provider is to foster conversations across plan sponsors’ own organizations, “presenting them with a framework for frank and practical discussions between the HR and finance functions.”
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A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers.
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