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Retirement Savings Plague Workers Who Are Fearful They’ll be Working Past 70

HR Daily Advisor

One of the most talked about HR trends of 2018 is financial wellness. However, a new CareerBuilder survey highlights employees’ concerns over whether or not they have enough saved for retirement, hindering plans to retire at the typical age of 65. workers are still pumping the brakes on their retirement plans.

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Gender Plays Vital Role in How Workers Are Saving for Retirement, Finds Willis Towers Watson

HR Daily Advisor

Financial wellness continues to be one of the top priorities for workers of all ages. However, a new survey shows that gender plays an important part in how workers are saving for retirement and securing their financial freedom. Varying financial needs make it difficult for many men and women to build a retirement nest egg.

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Filling a Skills Gap in Manufacturing

ExactHire

This is in drastic comparison to a decade ago, when during the Great Recession the unemployment rate began its steep rise (it would ultimately top out at 10% in October 2009 ). But while manufacturing production rebounded sharply at the official end of the recession in June 2009, the lost jobs did not return as quickly.

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Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 1)

HR Daily Advisor

When the Tax Cuts and Jobs Act (TCJA) was signed into law December 22, 2017, several proposed changes to the federal tax code that would have affected tax-qualified retirement plans were dropped. This article details three key areas that should be examined now. Special Tax Notices.

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Financial Wellness: 59% of Employees Say Stress of Finances Negatively Impacts Work Performance

HR Daily Advisor

The financial well-being of U.S. The 2017 Global Benefits Attitudes Survey found that barely one-third of U.S. The number of employees who were satisfied with their financial situation had been improving steadily since 2009 when just a quarter were satisfied. “We What’s the nuance? Less than half (47%) of U.S.

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Generations in the Workplace: Boomers, Gen X, Gen Y, and Gen Z Explained

Zenefits

They are between the ages of 56-75 years old, and nearing retirement. The youngest generation in today’s workforce is Gen Z , who were born between 1995 and 2009. As of 2017, there were 56 million Millennials in the workforce followed by 53 million Gen Xers and 41 million Baby Boomers. in the mix as well.

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IRS Updates Guidance on Rollover Safe Harbor Notices; VCP to Go Paperless In 2019

HR Daily Advisor

In Notice 2018-74 , the agency refreshed guidance on the safe harbor that employers may use to comply with retirement plan participant notice requirements in advance of rollover distributions under Section 402(f) of the federal tax code. The new IRS notice does not state an effective date for implementing the updated safe harbor notices.