Employers nowadays may feel bombarded with advice on how to retain millennial employees. Those younger workers have the reputation of moving from job to job, so employers wanting to get the most from the investment they make in their youngest employees put a lot of energy into encouraging them to stay. But what about older […]
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.
By Jane Meacham Retirement plan service providers likely will face the most need to change business models among those affected by the U.S. Department of Labor’s (DOL) final fiduciary rule issued in early April. Although adoption of the regulation is more than a year away, many respondents to an industry survey quickly registered confusion, and […]
As older Americans approach retirement, many may be realizing their financial planning isn’t what it should have been. That could mean they need to postpone retirement—or abandon the idea altogether. “Most people don’t spend much time even thinking about retirement,” says Stephen Ng, founder and president of Stephen Ng Financial Group. Ng is also the […]
By Jane Meacham, retirement plans editor One of the largest multimillion-dollar settlements yet has been reached between an employer retirement plan sponsor and a class of participants over “excessive fees” paid for plan services.
Caught between the Baby Boomers and the Millennials, Generation X is fewer in numbers. They have matured beyond their slacker reputations, and many of them are dealing with young children, elderly parents, and stressful jobs.
by Dan Oswald At the end of the year, BLR’s founder, Bob Brady, will be retiring from the company he started 37 years ago. Last week we celebrated Bob’s achievements with a party attended by friends, business associates, and current and former BLR employees. It was a wonderful tribute to a man who has touched […]
I’m beginning to feel my age. Last night, a good friend celebrated a milestone birthday (I won’t say which milestone, but you can probably guess). His wife asked everyone to come in 1970s garb or as a character from the decade, so I went as J.R. Ewing. Our babysitter (born in 1995) had no idea […]
The statistics don’t lie. More people are planning to work beyond what once was a traditional retirement age. The federal Bureau of Labor Statistics (BLS) has projected that the primary working-age group—those ages 25-54—will decline from 66.9 percent of the labor force in 2010 to 63.7 percent in 2020. Workers 55 and older are projected […]
By Tammy Binford A new employee group has begun showing up vividly on employer radar screens. It’s not defined by race, religion, gender, or any of the other familiar legally protected classes. The new group commanding the attention of employers is made up of workers suffering extreme stress brought on by extreme debt. It’s always […]