Retiring with Resilience: How Having a Chronic Illness Complicates Retirement

Take It Personel-ly

Business Lifestyle business leaders business outcomes business tips excellence Growth Humanbiz illness Inspiration pandemic Personal Growth retire retirement Success well-being wellness

Considering Asking Employees To Retire?

HR Counselor's Corner

You may want to read on before you decide to ask your employee to retire. Federal law does not support mandatory retirement based on age, except in a few instances… one being an airplane pilot. Airline pilots are required to retire at age 65.

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COVID-19 Retirement Impact: Early Withdrawals and Reduced Contributions

Best Money Moves

COVID-19 retirement impact: early withdrawals and reduced contributions. How employees are using their retirement savings during the coronavirus pandemic. Retirement contributions, however, weren’t as fortunate. COVID-19 Retirement Impact: Retirement Outlook.

Easing the Retirement Transition for Eligible Employees

Corporate Synergies

Clear communication and expert advice can make the retirement transition smoother for everyone. The post Easing the Retirement Transition for Eligible Employees appeared first on Corporate Synergies.

5 Culture Trends for 2019

with a leader—from recruitment to retirement— plays a role in connecting employees to purpose, accomplishment, and one another. 5 Culture Trends for 2019 1 The workplace is constantly evolving. As we. approach 2019, major shifts in the work. environment will continue to affect the ways. companies do business. New research from the. 2018 Global Culture Study uncovers 5 big culture. trends for 2019. Companies that are looking to. attract, engage, and retain top talent should.

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. Older employees are facing considerable financial challenges as they approach retirement. 5 Retirement Challenges for Older Employees. Saving for Retirement. -

#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 retirementBut as our guest Chris Farrell puts it: “Who wants to be isolated?” More and more, we are seeing older workers continue in the workforce or return to it.

Retiring at 65 Is So Last Century

TLNT: The Business of HR

Hiring Discrimination Retirement FeaturedHave you heard about this group yet?

Mandated Employer Retirement Plans: What They Mean for Small Businesses in California and Beyond

Trinet

In 2012, California passed a law requiring companies with five or more employees to offer retirement plans. The California Secure Choice Retirement Savings Trust Act is expected to be implemented by. Benefits Retirement California 401K California small business retirement law in CaliforniaVisit site for full story.

Ageism & Bias In the Workplace: Engaging an Aging Workforce

Speaker: Jo Weech, CEO & Primary Consultant, Exemplary Consultants

We are all biased. And, when it comes to ageism, there are steps you can take to create a more inclusive hiring process, from recruitment to retirement. Join Jo Weech, CEO & Primary Consultant, Exemplary Consultants, as she discusses her tips for removing ageism in the workplace.

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.

Saving for Retirement: How to Create a Budget for the Long Haul

Take It Personel-ly

Do you need help saving for retirement? After all, planning for your retirement years can be stressful and confusing. If so, you’re not alone. There are a million details to consider, and you need to make sure that you save enough money to live your golden years in style.

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. Retirement is a far-off goal most Americans don’t even think about while they’re paying down debts, struggling to pay for childcare and taking care of aging parents. Americans Are Not Saving Enough for Retirement. Can Financial Literacy Solve Retirement Concerns?

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. Visit site for full story.

Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.

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. Business Lifestyle business outcomes business tips Career Career Advice excellence finance finances financial financial tips Growth Improvement Inspiration moving abroad personal finance retire retirement Success well-being

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. The majority of workers (52 percent) now expect to work past age 65 or don’t plan to retire at all , according to a new study by the Transamerica Center for Retirement Readiness. In light of the coronavirus pandemic, 23 percent of workers say their confidence in their ability to retire comfortably has declined. .

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. Not saving enough for retirement is Americans’ biggest financial regret, yet less than 30 percent of workers have increased their retirement savings contributions rate this year.

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. Whether you’re on Reddit, Quora, Facebook or Twitter, followers of the financial independence, retire early (F.I.R.E.) You don’t need a highly lucrative job to retire early.

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

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 […]. Business Lifestyle business leaders business outcomes business tips Culture Engagement excellence finance finances financial financial management financial tips Growth Improvement money management personal finance Personal Growth retirement

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 InvestmentsWe’ve created this resource hub to help small business owners and their employees stay informed and feel confident during this challenging time. Latest news & resources Managing your company 401(k) plan.

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. Retirement savings are the most obvious concern for Baby Boomers, 54 percent of whom report losing sleep over money issues. Retirement Savings and Baby Boomer Financial Stress.

Covid-19: How HR can support employees with the decision of early retirement

HR Zone

People Is early retirement a valid option

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.

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 first thing to realize about the upcoming retirement boom is that it may not be so much of a boom. Economists have predicted the baby boomers’ retirement for years now, but it hasn’t happened.

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.

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.

New IRS SECURE Act Guidelines for Retirement Plans | BerniePortal

BerniePortal

The IRS announced new SECURE Act guidance in early September 2020 to expand retirement savings access and eligibility for part-time workers and new parents. Find out what you need to know and how these changes could impact your workplace. HR Compliance

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. Workers of all generations now push their retirement date farther away, and the outlook isn’t promising for millennials and future generations. Helping employees plan for their retirement relieves a major burden and will keep them around in the long-term. Address Employee Financial and Retirement Concerns.

Five Moves Your Employees Can Make to Maximize Their Retirement Savings in 2019

Trinet

As part of a comprehensive benefits package, a retirement savings plan can help to attract and retain top talent, and may even be required in some areas. As a small business owner, here are some things you need to know—and communicate to your employees—about upcoming changes to retirement benefits in 2019. Business

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. Guideline: It seems like we’ve been talking about a retirement crisis for a decade or more, and I wonder if people are starting to feel jaded. Scott: I never use the term retirement crisis.

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. CalSavers is the result of 2016 legislation enacting the Secure Choice Retirement Savings Program (SCRSP) for private sector workers whose employers do not offer a retirement plan.

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. In fact, I recently ran across the term “ Threshold Generation ” to describe individuals nearing retirement who saw their savings disappear, hence being on the threshold of retirement.

Common & Costly Employer Sponsored Retirement Plan Mistakes

GoCGO

This post details mistakes that are frequently made with employer sponsored retirement plans. Retirement PlanningMistakes in employee benefits and human resources can be quite costly to employers in the form of extra benefits, complaints, lawsuits, government-assessed fines and penalties, and attorney fees, to name a few. Don’t learn the hard way what these mistakes are.