7 Key Tips for Saving Money for Retirement

Take It Personel-ly

Are you eager to start saving money for retirement? It’s never too early — or too late — to make this a priority. After all, you want to build a nest egg that will afford you financial security once you punch the clock for the last time.

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.

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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?

Retiring at 65 Is So Last Century

TLNT: The Business of HR

Hiring Discrimination Retirement FeaturedHave you heard about this group yet?

#WorkTrends: Is Retirement Outdated?

TalentCulture - Recruiting

Retirement comes from the French word meaning “to isolate yourself.” So what does this mean for our concept of retirement? The post #WorkTrends: Is Retirement Outdated? worktrends hiring HR older workers retirement

3 ways companies can deal with 2017's mass retirement

PI Worldwide

Employee Engagement & Retention employee engagement employee retention retirement plan retirement retiring employeesBy Elsbeth McSorley.

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.

The New Federal Government Retirement Account and its Impact on Employers

Trinet

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.

Coronavirus: Early Retirement Withdrawals and Savings by Generation

Best Money Moves

Coronavirus: early retirement withdrawals and savings by generation. New research examines how the COVID-19 pandemic has impacted retirement planning. In light of the coronavirus pandemic, 23 percent of workers say their confidence in their ability to retire comfortably has declined. .

What You Need to Get Financially Ready for Retirement

Take It Personel-ly

Many people look forward to the age of retirement, but sometimes their dreams of relaxation are cut short by worries over money. Retiring rich isn’t a pipe-dream, so long as you are willing to start saving now […].

What You Need to Consider When Retiring Abroad

Take It Personel-ly

Whether you moved to a country for work and ended up creating a life there or you just fancy retirement in the sun, many people decide that life as an expat is the perfect retirement.

Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Retirement plans for a person are valuable benefits that impact both the present as well as future lives of the employees. However, offering retirement benefits to an employee can be a complicated process. Why should an organization provide retirement benefits?

How to Retire by 45: Early Retirees Weigh in

Thrive Global

For many working adults today, retirement is so far away that it feels like it will never arrive. And in an era of snowballing debt and diminishing social security payments, many workers are questioning whether or not they’ll even be able to retire at all.

Retirement Concerns Aren’t Boosting Contributions

Best Money Moves

Retirement concerns aren’t boosting contributions. Americans can expect to outlive their retirement savings by anywhere from eight to 20 years. Women have it worst and will outlive their retirement savings for at least two years longer than men.

Retirement savings in uncertain times

Guideline

COVID-19 has affected small businesses across the country and created a lot of uncertainty around 401(k) accounts, retirement savings, and investing. Closing the Retirement savings gap across America. 401(k) Retirement Planning Investments

Baby Boomer Retirement Statistics and Financial Stress

Best Money Moves

Baby Boomer retirement statistics and financial stress. Their chief concern is retirement savings but they have other sources for their financial stress, like healthcare costs and emergency savings. workforce, despite many having hit retirement age.

How To Retire From Retirement And Keep Your Balance

Forbes Coaches Council

Retiring from retirement is a big decision, but advance planning can help

Offering Retirement Plans May Soon Become Mandatory For Employers

Trinet

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.

Americans don’t have access to retirement plans

HR Digest

For the first time, Americans as a whole aren’t saving nearly enough for retirement. According to data from Northwestern Mutual’s 2019 Planning & Progress Study, fifteen percent Americans have no retirement savings at all. Featured News IRA retirement plans retirement savings

How to Plan the Best Office Retirement Party?

HR Digest

Retirement is a significant phase of a person’s life when the career gets over and transits from a regular office to a period of complete rest and idle time. It is a new start in life, and as such, an office must throw a beautiful and memorable office retirement party for the employee.

Preparing for the Retirement Boom

TalentCulture

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.

How to wish a Co-Worker a Happy Retirement?

HR Digest

How to wish your co-worker a happy retirement, and let them know how much they’ll be missed? Retirement is a crucial part of a person’s life. A retirement leaves ample time for a person to do the things they always loved to do. How to Write a Happy Retirement Card.

Aiding Employees With Retirement Planning Boosts Retention

Get Hppy

Retirement doesn’t feel like a realistic goal for many employees today. workers, 79 percent expect they will need to supplement retirement income by working. Helping employees plan for their retirement relieves a major burden and will keep them around in the long-term.

Work Now, Retire Later

ADP

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

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

Guideline

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.

Common & Costly Employer Sponsored Retirement Plan Mistakes

GoCGO

This post details mistakes that are frequently made with employer sponsored retirement plans. Retirement Planning

State-Run Retirement Savings Plan OK’d, Mandatory Enrollment Coming in 2020

HRWatchdog

California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via private market or provide their employees access to CalSavers, a state-run retirement savings plan, as early as June 2020.

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.

How to Help Employees Save More for Retirement

Best Money Moves

How to help employees save more for retirement. Employees experience debilitating financial stress when it comes to retirement and they want employers to provide tools and support that ensure they’ll have enough money saved to last through retirement.

More Workers Are Postponing Retirement

HRWatchdog

More workers are planning to retire later. workers (53 percent) over the age of 60 say they are postponing retirement, according to a recent CareerBuilder survey. Two in five workers (40 percent) don’t think they’ll be able to retire until 70 years of age or older.

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.

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 an Increasing Retirement Age Could Mean for Your Business

Criteria Corp

Retirement isn’t quite what it used to be. While the average age of retirement for Americans is around 63, the number is rising , and that will have an impact on the current workforce. retirement hiring process HR

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.

7 essential retirement plan questions

Insperity

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

How To Transition From Employer Coverage To Medicare At Retirement

HR C-Suite

When employees are on the path to retirement, they rely on the HR department to tell them everything they need to know about transitioning from employer coverage to Medicare. Career Management Featured retirement retirement planning

Motivating employees close to retirement

Everwise

Earlier this month, motivating employees close to retirement surfaced as one of the most popular topics in the Everwise user community of Learning & Development (L&D) professionals and learners. That’s not surprising–employees approaching the traditional age of retirement of 65 are one of the fastest growing segments of the workforce. Just because Baby Boomers are nearing retirement doesn’t mean that they will stop contributing to the workplace in a meaningful way.

Retirement Options – Beyond the Dollars and Cents of Retirement Planning

Career Partners International

Nearly every organization provides a retirement savings plan to ensure their valued employees can support the financial aspects of their lifestyle once they retire. Retirement, however, is more than just ending one’s working career to live off accumulated saving. With growing life expectancies, retirement can last for 30 years or more! Career Partners International (CPI) knows the value of preparing the workforce for that next step into retirement.

403(b) Retirement Plan: Option for Nonprofits

Patriot Software

Offering employees the opportunity to contribute to a retirement plan is a benefit many for-profit businesses provide. If you run a nonprofit with 501(c)(3) status, you can offer your employees a 403(b) retirement plan.

3 Ways to Prepare for the Retirement Boom

Cornerstone On Demand

Today, I'll explore a topic leaders have been hearing for a while, but not yet heeded: Baby boomers are reaching retirement age. Baby boomer retirement means over 40 percent of the 9-to-5 corporate workforce will be gone in the next decade. If the baby boomers don't retire?