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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 times their final pay to meet their financial needs in retirement, but finds “a gap of 3.3 times pay for men. MORE

A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? More than 85 percent of Americans believe the nation is facing a retirement crisis 1 and 72 percent of surveyed employers feel only some employees will be ready for retirement. Retirement Annuity Accounts. complement to current retirement plans. MORE

In honor of National Save for Retirement Week, let's raise your employees' awareness about the importance of saving for a secure financial future. What can you do to encourage your employees to participate in your retirement plan MORE

With the rapidly changing workforce demographic, organizations are seeing a reduction in the employee’s joining a company and staying on until retirement. Today, employee engagement is one of the key factors in the success of an organization and in maintaining its competitive edge. So, how can organizations sustain engagement? Well, there is no single answer. MORE

According to some estimates, a relatively healthy 45-year-old who plans to retire at 65 should expect to pay retirement health care costs of almost $600,000 – and that’s at today’s rates; inflation projections put that amount at $1.6 One study suggests that the answer is a resounding no ; the average American couple, just 10 years away from retirement, only has $17,000 saved up. MORE

As a business owner, retirement planning may not be a primary focus when dealing with your day-to-day operations, but it can be an extremely compelling component of your benefits package. Learn about the basics of retirement planning MORE

Is Illinois the precursor to mandatory retirement savings programs across the country the way that Massachusetts was for mandatory health care? Illinois has become the first state to require that private-sector employers offer their employees retirement benefits. 2758) , signed into law by Illinois Governor Pat Quinn on January 4, 2015, requires employers to offer their employees a state-run automatic enrollment payroll deduction Individual Retirement Account (IRA) program (a Roth IRA) known as the “Illinois Secure Choice Savings Program Fund.” Karen N. Aimee E. MORE

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. Among workers age 50-plus who are investing for retirement, 41 percent  use an advisor. benefits retirement MORE

This was prompted by an excellent piece published on LinkedIn and Uncommon Wisdom Daily called  Why are So Many Saying ‘No’ to Retirement? That’s what many Americans think of when contemplating retirement….Yet Yet these days, more Americans are just saying “no” to traditional retirement. With birthdays in June and July we will both turn 65 (and I must say, we have both aged well, thank you) and we have no intention of retiring. For one thing our official retirement age according to Social Security is age 66 for full benefits. So why retire? MORE

Consult this list to see whether you’ve been using these workplace phrases it’s time to retire. There’s a time and a place for business jargon—and with the rise of social media and the 21 st century workplace, we’ve accumulated a wealth of new words to communicate our modern work lives. But even as new phrases are coined, old business jargon falls out of style. Let’s put our heads together. MORE

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. Although the DOL final rule takes effect October 31, 2016, no state retirement programs are scheduled to be in effect until 2017. MORE

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. 401(k) Compensation & Benefits Retirement FeaturedIn fact, a recent survey by the U.S. MORE

After decades of job hopping—by necessity or design—some people have accumulated several retirement accounts , making it a confusing chore to keep track of what’s happening with their money. The post Tips to Offer Employees on Managing Multiple Retirement Accounts appeared first on HR Daily Advisor. Benefits 401(k) plans retirement MORE

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. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses. million people in the U.S. MORE

Retirement is something most people look forward to! Most people start saving for retirement in their twenties either by investing in a 401(k) or in a Roth IRA. But one paranoid man decided not to trust John Hancock or the banks, so he buried his retirement savings in the ground. Unfortunately, as HR SBT would have it, his entire life’s savings went to the worms. MORE

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 MORE

There appears to be a shift away from what, heretofore, have been dismal findings on Americans’ retirement preparations. And we’ve certainly  written about them,  all the stories positing the harsh reality that many people nearing retirement in today’s workforce can’t see themselves ever affording it. You’ve heard them. You’ve read them. MORE

When you receive a retirement party invitation in your inter-office mailbox, what are the first thoughts that run through your head? Whether an employee has dedicated 20 years to your organization or just the final 5 of their career, retirement is something to celebrate ! Whatever it is, make sure their unique interests are represented at their retirement shindig! MORE

For small-business owners and fledgling entrepreneurs, offering a solid retirement plan is no luxury — it''s a necessity. This article gives an overview of retirement plans small-business employers may consider offering their workers MORE

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. MORE

When asked by The New York Times to describe his impending retirement, David Letterman called it “a good solid punch to the head.”. more…). HR Insights Talent Management Change management Engagement Generational issues HR management Management talent management MORE

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. Check out out, and if you like what you see then follow Personal Capital on Twitter here. Happy Friday, Rory. Benefits 401-k benefits hr human resources MORE

Any step taken in haste may as well translate into a difficult post-retirement phase with very little savings to fall back on to meet your essential daily and old-age health and other expenses. Not in the least, if one does his or her homework well and chalks out an exit plan on the basis of existing financial standing to cope with the vagaries of a life after retirement. But, wait! MORE

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. MORE

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.” Many older workers today are not retiring for a number of reasons. Mortality. MORE

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. MORE

According to APQC''s Open Standards Benchmarking research, top performing organizations are more cost-effective in their redeploying and retiring processes. Retirement Employee outplacement and downsizing Human Capital Management Benchmarks and Metrics 6.5 Redeploy and retire employees Print MORE

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. Already in the US the full retirement age for anyone born since 1943 is 66, not 65. Phased retirement. Forget 65. years; for males, it’s 76.4 MORE

Do you offer your employees a retirement plan? major Gallup poll shows that retirement saving is Americans’ top financial concern. Employee Benefits Retirement benefitsIf not, now is the time to consider it. Yet almost half of. Visit site for full story. MORE

Switching retirement providers to better meet the needs of your small business and its employees may be a daunting, but ultimately beneficial, experience. Here are some common reasons why businesses decide to make the switch MORE

He’s responsible for leading the retirement, investment counseling, and risk management teams in the U.S. Aloise] Actuarial science, particularly as it relates to valuing the liabilities of a pension plan, is a critical need in managing the retirement benefit programs for many organizations that sponsor a defined benefit pension plan. Enjoy the post!). Yes, it’s true. P.S.S. MORE

Millennials, especially those who have just begun their first full-time job, may not be thinking about stashing savings away for their retirement. But it doesn’t have to be difficult. Is there anything an employer can do to encourage saving in an environment of low entry-level wages, and high college debt MORE

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. Several of these “go-to” veterans have expressed their intent to retire or drastically reduce their work hours. Case in Point. Within KONE’s U.S. MORE

The statistics are in: Employees aren't doing enough to save for retirement. Here are some ways to more proactively help your employees with retirement planning while also helping your business improve its bottom line MORE

It's easy to forget about retirement as you're running a business, but as an owner, don’t neglect investing in your future self. Look at four ways you may be leaving money on the table instead of investing it into a retirement plan MORE

While not necessarily on point, this case does segue into an important issue—mandatory retirement. It’s still a fairly popular misconception that businesses can force employees to retire at a certain age. In truth, with the exception of a few limited circumstances, mandatory retirement ages are about as close to a slam dunk case of illegal age discrimination you can find. MORE

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. Pass the Torch. MORE

With retirement plans come ERISA fiduciaries and their responsibilities: What are fiduciaries, and how do they help keep your retirement plan safe and functioning well for your employees MORE

The Washington Small Business Retirement Marketplace is offering a retirement solution for employers and employees MORE