Upcoming Webinar Highlights New Partnership
As we know, the financial services industry is known for its slow uptake of new technology, favoring instead the ‘tried and true’ tactics...
Almost Half of Middle-Class Americans Face Downward Mobility in Retirement
A new article written by Questis' Senior Researcher, Dr. Martha Menard, has been published by Benefits Pro. The article examines the downward mobility that nearly half of Americans risk during retirement. Further, Dr. Menard delves into the financial reality of…
Financial Wellness Makes Retirement Possible
Studies show employers who offer wellness benefits to employees see an increase in efficiency in the workplace, in addition to higher levels of productivity and satisfaction. More than 50% of people indicate that they are stressed about their finances and…
Four Major Trends That Are Changing the Retirement Planning and Advising Landscape: Part 2
In a previous post, I discussed the first two of four major trends that are changing how many people think about retirement, are planning for it, and that plan advisors need to know about. This post discusses the remaining two…
Working Longer Is Likely a Necessity for Most People in Retirement: Part 2
There are a number of persistent myths and negative stereotypes that surround older workers. Among them are the misconceptions that older workers are less engaged and less productive, much more expensive in terms of healthcare costs, and unwilling to learn…
Working Longer Is Likely a Necessity for Most People in Retirement: Part 1
With Americans’ documented lack of retirement savings, it’s no surprise that most people are planning to work past 62, the age at which everyone is currently eligible to begin claiming Social Security benefits. But there’s a hitch. While 79% of…
The Retirement Crisis Is Already Here
The concept of retirement has changed dramatically in the decades since the introduction of the 401(k), which has transformed the way that people think about and plan for retirement. It has largely replaced defined benefit plans and become the de…
3 Reasons Why Plan Participants Aren’t Contributing to 401ks and What Advisors Can Do to Help
Everyone knows how important it is to have a retirement savings strategy. But because our brains are wired to make ‘someday’ seem so far away, it’s only natural for plan participants to put more immediate financial needs ahead of 401(k)…
Is Financial Wellness the Solution to the Retirement Crisis?
In another post, we examined the history of the 401(k) and how it came to dominate retirement planning. In this post, we’ll explore how financial wellness offers one solution to saving more for retirement—and hope for improving employees’ overall financial…
A Short History of the 401(K), or the Death of the Pension Plan
The legislative debate during the passage of the new tax reform law about how 401(k)s would be affected caused jitters to retirement planners and financial advisors across the US. Many experts believe that giving employees any less incentive to save…