401k Retirement Infographic

Something Different

Check out this great retirement infographic from Personal Capital outlining a myriad of facts about 401k plans. From the amount of money most people are saving, to the amount most people need, this infographic has it all.

Preparing for Questions from Retiring Employees

Get Hppy

Most people should prepare for retirement decades before it arrives. The truth is, people usually wait until retirement is right around the corner to get their financial house in order. Employees will want to know how much they will receive if they retire at different dates.

Offering Retirement Plans May Soon Become Mandatory For Employers


If you don’t currently offer your employees a retirement plan, you may want to pay attention. Legal News & Compliance mandatory retirement benefitsAt both the state and federal level, the government is continuing to push legislation to make mandatory. Visit site for full story.

Work Now, Retire Later


Despite the attraction of retirement, however, the baby boomer generation continues to delay leaving the workforce. Human Capital Management Retirement ADP Research Institute adpri Employee Benefits retirement Retirement Planning

The New Federal Government Retirement Account and its Impact on Employers


Legal News & Compliance retirement Retirement laws CaliforniaOver 55 million Americans currently do not have a 401(k) or other employer-sponsored savings plan. On November 5, the U.S. Department of the Treasury responded to this growing issue by rolling out a.

Preparing for the Retirement Boom


The baby boomer generation is beginning to hit retirement age, and companies must prepare for what could be a major exodus. The US Bureau of Labor Statistics reports that as many as one out of ten workers will retire either this year or the next. The “silver tsunami” is coming.

Future Friday: The vision of retirement is already changing

OmegaHR Solutions

Older workers eschewing retirement because they want to stay working. The vision of retirement is undergoing a major change. Many people envision that retirement is sitting at the local Starbucks chatting with friends or sitting on the front porch rocking away enjoying “the good life.”

What Is Phased Retirement?


When it comes time for your senior staff members to start seriously considering retirement, HR needs to take a look at what options make the switch as easy as possible for both the staff member and the organization. One of the newest methods is phased retirement, but what is phased retirement and how can it help these areas? The post What Is Phased Retirement?

What Great Leaders Do Before Retiring

Get Hppy

At the moment, there are about 10,000 baby boomers retiring every day, meaning you are not alone in thinking it’s time to move on. The following are some things you should think about before retiring. The post What Great Leaders Do Before Retiring appeared first on Hppy.

ARA Seeks Expansion of IRS Self-Correction Program for Retirement Plans

HR Daily Advisor

The Internal Revenue Service (IRS) should modify its Employee Plans Compliance Resolution System (EPCRS) to expand its use by retirement plans seeking to self-correct errors, according to the American Retirement Association (ARA). Benefits ARA IRS retirement SCP

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

HR Daily Advisor

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. Benefits employees retirement women workers

Sick of Retirement? Work as an Intern!

HR Daily Advisor

De Niro played a 70-year old widower who applied to be an intern after he got bored with retirement. Critchlow spent the last 30 years working at Merrill Lynch, and recently retired at the age of 69. The post Sick of Retirement?

A Different Perspective On Income in Retirement

HR Daily Advisor

If you follow the latest retirement news, it seems the sky is falling. Here are a few of the statistics that cause concern: The National Institute on Retirement Security (NIRS) reports that nearly 40 million, or 45%, of U.S. households haven’t saved a penny toward retirement.

Smaller Businesses Need An Employee Retirement Program Too

TLNT: The Business of HR

Navigating the vast array of retirement plan options can be challenging for small and mid-sized businesses. Government Accountability Office found that only about 14% of small businesses (fewer than 100 employees) offer retirement plans to employees.

Company’s mandatory retirement policy cost it $47K

HR Morning

Professional Endodontics, an oral surgery practice in Michigan, had a policy requiring all employees to retire at age 65. Karen Ruerat worked for Professional Endodontics for 37 years, and had no plans to retire at 65. Hyman says that many employers don’t realize that a mandatory retirement age is illegal. And if an employee takes a company to court over a forced retirement, the employee is practically guaranteed the win.

Is 70 Becoming the New Retirement Age?

HR Daily Advisor

Is 70 becoming the new retirement age? workers ages 60 and older plan to retire at age 70 or older. Another 20% don’t believe they will ever be able to retire. ” Asked how much money they think they’ll need to save in order to retire, 42% of U.S.

State-Run Retirement Draft Regulations Exclude Critical Instructions for Employers


Lots of questions and concerns on state-run retirement draft regulations. The program is a state-run retirement savings plan for private employees that includes automatic enrollment with an opt-out provision for an estimated 6.3 Benefits retirement

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.

New Federal Budget Relaxes Hardship Withdrawals for Retirement Plan Participants

HR Daily Advisor

The Bipartisan Budget Act of 2018 passed by Congress on February 8 and signed the next day by President Trump didn’t change retirement savings taxation or contribution limits, but it did bring good news for some plan activities. The retirement plan must permit such recontribution, and if it is amended to do so, the amounts will be treated as an eligible rollover contribution. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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?

Future Friday: The end of retirement?

OmegaHR Solutions

The fifth change they talked about is the subject of retirement, something, I must admit, has been a more frequent subject in my life. There are a number of reasons that the “standard” retirement age of 65 is no longer viable. Phased retirement.

Millennials Support Automatic Retirement Plans, Seek Sponsor Help

HR Daily Advisor

The youngest employees and defined contribution (DC) plan participants often want more automated features to their plans, and most assign their plan sponsors some responsibility for helping them choose the right investments to fund their retirement while it’s still decades away.

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.

Setting Their Sights on Retirement

HRE's The Leader Board

If you think millennials aren’t concerned about retirement, think again. On Tuesday, Willis Towers Watson released a survey that found six in 10 millennials are willing to sacrifice pay for more secure retirement benefits. financial wellness retirement

70 Is the New 65: Is the Retirement Age Increasing?


Are older employees financially prepared for retirement? workers ages 60 and older don’t plan to retire until age 70 or older, according to a recent CareerBuilder survey. Another 20 percent don’t know if they will ever be able to retire.

Financial Wellness: Employers Enhance DC Retirement Plans to Improve Employees’ Financial Security

HR Daily Advisor

With concerns mounting that employees aren’t saving enough for retirement, U.S. Helping employees with their long-term financial security has emerged as a very high priority for employers,” said Tammy Hughes, senior retirement consultant, Willis Towers Watson—in a press release.

The SHRM CEO is Retiring

Laurie Ruettimann

The CEO of SHRM is retiring. SHRM has had major PR gaffes under the retiring CEO, and some of those blunders continue to confuse its membership to this day. The post The SHRM CEO is Retiring appeared first on Laurie Ruettimann. What’s SHRM? It’s the AARP of HR professionals. They are an association who do commercials on CNN and tell everybody about how great it is to work in HR.

Is Disability Retirement ‘Honorable’ if Retiring Police Officer is Facing Termination?

HR Daily Advisor

After the internal investigation was completed and the notice of intent to impose discipline was sent, the officer’s lawyer tried to extend the deadline to respond to the notice so that the officer could complete an industrial disability retirement application for a recent back injury.

The Pros and Cons of Various Retirement Plans and Why Now is the Time to Consider Offering One to Your Employees


Do you offer your employees a retirement plan? A major Gallup poll shows that retirement saving is Americans’ top financial concern. Employee Benefits Retirement benefitsIf not, now is the time to consider it.

Is there harm in asking? Questioning employees about their plans to retire

HR Daily Advisor

Retirement decisions cannot be divorced from a person’s age. When asking questions about retirement, employers should be cognizant of age discrimination laws and the implications of making such inquiries. . Age and retirement. by Michele L. Warnock) Brott.

From the Herman Trend Report: Retire or Not? A Global Look

OmegaHR Solutions

Don’t assume that just because someone has grey hair the will retire soon. Half of US Baby Boomers waiting until at least age 70 or not choosing to retire at all. Some Baby Boomers remember the phrase, “Retire and die”, and they do not want to die. Mandatory retirement.

What Employers Need to Know About the US DOL Final Rule & State Retirement Programs


Let’s be honest: regardless of age, we all sometimes dream about retirement. Unfortunately, for a lot of Americans who aren’t eligible for retirement savings plans through their employer, those dreams are difficult to make a reality. By Julie Palmer, Technical Writing Manager, Ceridian.

Be Aware of Common Mistakes in Employee Retirement Plans

HR Daily Advisor

Employee benefits and retirement plans must comply with various laws and regulations to maintain their tax-qualified status. Below are some of the most common employee benefits and retirement plan mistakes.

Retirement: Expectations vs. Reality

HRE's The Leader Board

A comprehensive survey of workers and retirees by the Transamerica Center for Retirement Studies reveals a big disconnect between employees’ expectations concerning retirement and what they — and their employers — are actually doing to prepare for it.