Most employers should be reviewing payroll budgets and job descriptions to ensure that changes to salaries and job classifications are all in order by the December 1 deadline based on the new overtime exempt salary threshold and other final rule changes to the Fair Labor Standards Act (FLSA). Another area that will be impacted by these changes and needs review now is employee benefits. Review…
By Erica Oh Nataren www.lifehappens.org Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. “There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner at MHD Financial in San Antonio, Texas. “But regardless of when it comes, people find themselves…
Wednesday’s last-minute negotiations on raising the nation’s borrowing limit could impact 401(k)s, Roth retirement vehicles and more, if similar past showdowns give any indication.
Older Americans, stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce.
In 1991, only 11 percent of workers expected to retire after age 65. Now that number is 36 percent. Read full article…
While a company’s workers may differ in age, gender and in a range of other categories, new research suggests they share at least one common attribute — a lack of confidence about retirement savings.
Here are three obstacles that plan sponsors need to overcome to propel participants successfully down the road to retirement readiness
With social security projected to run out, many employees face a financial crisis as their retirement approaches. Here are 6 solutions to 6 major obstacles for retirement in America.
The DOL grants employers a one-time delay for this year’s disclosure of annual investment-related information to plan participants and beneficiaries.
Four lessons to be learned on America’s retirement crisis.