Areas of focus have shifted during the pandemic and will define trends for the new year.
A new survey shows workers’ ability to maintain or regain financial control after a serious, unexpected health event appears difficult—if not impossible—especially for Millennials and early career professionals.
Would you accept a bet in which you win $200 if a coin lands on heads and lose $100 if it lands on tails? What if you could play twice?
The bill would encourage retirement plan participation by giving people penalty-free access to funds in the event of an emergency.
In the past few years, her practice has grown its assets by nearly $1 billion a year.
Jason Chepenik says advisers need to continue to have the courage to try new ideas.
Employers can match up to 100% of employees’ contributions.
More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost their entire income, a FlexJobs and Prudential survey has revealed.
It took a catastrophic global event to demonstrate how ill-prepared many Americans are for even a brief interruption of income—including many people high up on the income scale.
More than one-quarter are extremely or very concerned, according to Fidelity.
Industry analysts predict the younger workforce may shift its focus towards emergency savings, instead of retirement, as a result of the COVID-19 crisis. Advisers can help with this shift.
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year.
Asked what benefits support their well-being, 74% said retirement plans, 56% said life insurance, 35% said tuition reimbursement/student loan repayment programs, and 29% said financial education.
The program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings accounts.
The importance of measuring return on investment and addressing participants’ short-term needs.
Voya says participants will be called on to complete an assessment, through which they will receive targeted summaries and web dashboards, along with access to Voya’s “six pillars” programming.