5 Retirement Challenges for Older Employees

Best Money Moves

5 retirement challenges for older employees. New research highlights housing inequality on top of other barriers to retirement readiness. A recent survey by Transamerica found nearly 70 percent of Baby Boomers expect to work past age 65 or don’t plan to retire at all.

Employee Well-being Needs to Include Retirement Plans

HR Bartender

He’s responsible for leading the retirement, investment counseling, and risk management teams in the U.S. I know one of your areas of expertise is in the area of retirement planning. How do you see the retirement conversation having an impact on strategic HR?

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Retirement Concerns: Is Financial Literacy the Solution?

Best Money Moves

Retirement concerns: is financial literacy the solution? Those workers that do have a 401k aren’t saving enough to cover expenses in retirement, even when employers match contributions. Americans Are Not Saving Enough for Retirement.

Why This Retirement Expert Never Talks About A ‘Retirement Crisis’


John Scott is director of the Retirement Savings Project at the Pew Charitable Trusts. He leads a team producing trusted data and clear analysis of the barriers to retirement savings in America and the policies aimed at eliminating those barriers.

5 Culture Trends for 2019

impact an employee’s productivity and physical. culture strategies and deploy products that use. automation, it’s about driving productivity and. Messaging and productivity apps. 5 Culture Trends for 2019 1 The workplace is constantly evolving. As we.

Quick Shots for HR and Business Pros – #myRA #Retirement Edition

HR Bartender

There’s a well-worn statistic from Pew Research that says roughly 10,000 Boomers will turn of retirement age every day for the next decade. But what about when employees retire? Many articles have been published about Boomers not having enough savings for when they retire.

What Are We Retiring From?

Thrive Global

I’m noticing right now that a lot of my ministerial colleagues are retiring. The classic picture of retirement that gets pitched to people by insurance companies, housing developers etc. The Journey Continues. Several of them have left serving churches after forty years of service.

Product Launch: Integrate Your 401(k) Provider with Retirement Report


If your company wants to offer the 401(k) provider of your choice, Justworks added some product changes to make it even easier. Now, our new retirement report in the app allows you to download your payroll information from Justworks — including hours, gross pay, and contributions for each employee —. For Justworks members, it’s simple to offer a 401(k) to employees.

Retirement Research Will Blow Your Mind

Best Money Moves

In the Best Money Moves Roundup, we run down the latest news on retirement, student loan debt assistance, and retention. Will your employees be ready for retirement? More than 60% of Americans are not on track with retirement savings.

Retirement Annuity Accounts

HR Times

A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? Retirement Annuity Accounts. A complement to current retirement plans.

Retirement Success Starts with Financial Well-Being

HR Daily Advisor

Michael Jordan wasn’t talking here about retirement, and in fact, we don’t know that he ever has. In today’s world, each individual must take charge of his or her own retirement. Are you doing all you can to help your team members win the retirement game?

Are Your Older Employees Thinking Differently About Retirement?

HR Daily Advisor

Employers invest a tremendous amount of time and cost in employee benefit offerings which are designed to help their employees save and financially prepare for retirement. Ironically, few employers are focused on the actual process of retirement and its workforce-related implications.

Build more engaging career experiences from pre-hire to retirement


When these needs are not sufficiently met, motivation and productivity decline and employees seek career opportunities elsewhere. Much has been written in recent years about the need to improve Employee Experiences (EX).

Want To Improve Employee Productivity? Help Them Prepare For Retirement


Is financial stress damaging your company's productivity? Three in ten employees feel mentally or emotionally stressed over preparing for retirement

Retirement: Appreciating Employees Until They’re Ready to Move on


As he neared retirement age—just months before he died of cancer but before he knew he was ill—that company decided he […]. The post Retirement: Appreciating Employees Until They’re Ready to Move on appeared first on BambooHR Blog. General HR HR productivity professional development 401K aging employees benefits human resources medical coverage pension retirement retirement plan My dad worked as an insurance agent for the same company his entire life.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning


With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. Navigating Nurse Retirement with the New Workforce Planning.

Five Important Steps for Retirement


Some of these recommendations include the usual about financial-wellness education, monitoring participants’ progress against their retirement goals, reviewing plan fees and checking up on providers to make sure they’re staying compliant.

Highest Employer-Sponsored Retirement Participant Deferral Rate Reached in 2017

HR Daily Advisor

Automated features now standard for most employer-sponsored retirement plans helped bring about a record 8.3-percent average participant deferral rate in 2017—the highest level in a decade, according to a recent T. Benefits 2017 employee retirement Rowe Price

What’s new with retirement legislation

Business Management Daily

That’s a dramatic drop in a very short time—a 71% decline since 1979, when about four in 10 workers could count on receiving a monthly check directly from an employer-funded pension when they retired. Almost all American workers now depend on defined-contribution plans such as 401(k)s and 403(b)s to fund their retirements. State and the federal government have been taking significant steps to make it easier for more employers to set up 401 (k) retirement plans.

Asking an Older Employee If He Plans on Retiring Soon


Can we address his physical symptoms and/or ask him if he’s likely to retire soon? Recent studies have shown that employees are retiring later in life for a number of reasons, primarily due to financial considerations. Focus on job performance with older employees.

Retirement Planning: The Gender Gap Persists


A quick search of our website, using the terms “women” and “retirement,” brings back an article from August 2008 that describes retirement planning as “a nightmare for many women.”. In examining the retirement saving and investing behaviors of roughly 3.5

6 Steps to Take Before Key Employees Retire

ATD Human Capital

An increasing number of workers are approaching retirement age in the United States. One organization that is facing this threat of impending retirements is KONE, a major Finnish company (with a large U.S.

Why You Should Handle Your Talent Management Budget Like a Retirement Fund

Cornerstone On Demand

Part of that picture is thinking about our retirement plans. There's nothing as ubiquitous as planning for retirement. Whether you're just starting in the corporate world or have a very short horizon to exit it, retirement is one of those goals that we all have embedded in our minds. The specifics of your retirement plan will change as you get older and your appetite for risks will change, but you'll still be thinking about retirement.

Why You Should Manage a Talent Management Budget Like a Retirement Account

Cornerstone On Demand

Part of that picture is thinking about our retirement plans. There's nothing as ubiquitous as planning for retirement. Whether you're just starting in the corporate world or have a very short horizon to exit it, retirement is one of those goals that we all have embedded in our minds. The specifics of your retirement plan will change as you get older and your appetite for risks will change, but you'll still be thinking about retirement.

Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options


One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Check out retirement plans that specifically cater to smaller firms.

Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?

HR Daily Advisor

While student loans can be a drain on short-term finances, a new survey from Aon Hewitt , the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.

Health savings accounts: Not your parents’ retirement plan

HR Morning

With the rise in health savings account (HSA) enrollment among younger employees and the decline in company matching rates of 401(k)s, HSAs have emerged as a retirement account option for new employees. A comparison of retirement savings options.

Revealing Research on Financial Stress and Productivity

Best Money Moves

Revealing research from Fidelity Investments highlights the toll financial stress takes on productivity through increased absenteeism. Past-due medical bills were the leading indicator of workplace absenteeism, followed by payday loans, personal loans, retirement plans, and mortgages.

Address New Hire Training Early to Speed Full Productivity

TLNT: The Business of HR

Retiring boomers, nomadic millennials and the rise of the gig worker mean there’s about to be a lot of new faces at work. Companies need to find new ways to get them up to speed — quickly. Onboarding Training, Learning & Development Featured

Be More Productive, Budget Smarter, Make More Money, and Retire Early

Thrive Global

He has advice on lowering your tax bill, alongside advice on how to be more productive, from people who are dedicated to those topics specifically, and you know how I feel about bringing in experts. Retire early ?

How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

Non-medical benefits have expanded to include financial wellness and long-term planning, such as retirement accounts, as well as other remarkable perks. So, medical, life and disability insurance and retirement plans.

401(k) Calculator: Project Your Retirement Savings in Seconds

G2 Crowd

ProductivityPlanning for the future is daunting, especially when the end goal feels out of sight.

Finally: Feds release the new fiduciary rule for retirement plans

HR Morning

In a nutshell, the bill aims to grant retirement plan participants greater protections by requiring brokers and advisers to act in their clients’ best interest when doling out investment advice. Preserve access to retirement education.

12 Ways to Avoid Self-Sabotaging Your Productivity

Thrive Global

But, when it comes to productivity , we’re sometimes our own worst enemy. But, you didn’t schedule them around when you’re most productive. Here are 12 ways to avoid self-sabotaging your productivity. When you do, you’ll embark on more productive and healthy habits.

The Hidden Costs Behind Retirement Plans


When it comes to retirement plans, the number one reason companies change their investment manager or recordkeeper is high fees. While we recommend seeking out expert advice or identifying a provider that can offer transparent cost comparisons, it’s also important to understand the services that make up the majority of hidden retirement plan fees. Custodian: The Custodian is the institution that holds the retirement assets.