How Could Inflation Impact Corporate Retirement Plans?
Increasing prices may put pressure on employers and delay workers from retiring Inflation is the increase in the general price of goods and services, which can decrease the purchasing power of American workers. So how does this recent upward trend affect your workplace benefits, employees and retirement plan? Salaries, Flexibility and Savings When inflation goes up, the same paycheck doesn’t stretch as far. With the increased costs of food & beverage, transportation, housing,
Participant Infographic: Guide to Paying Down Student Loans
Help your employees find ways to manage their student debt with: Refinancing options Repayment plans Forgiveness Programs Loan Consolidation These strategies can ease your employee’s financial headaches so they can focus on being productive in the workplace. Download the Infographic This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should cons
Employees Want Paychecks for Life: Pros and Cons of Guaranteed Lifetime Income
Annuities and similar products may help address retirement readiness in an aging workforce People are living longer, which means they may need their retirement savings to last decades. As a result, nearly half (48%) of participants are concerned about outliving their retirement savings.[1] Many Americans don’t know how to transform their savings into retirement income. Guaranteed income offerings can help ease this concern by providing consistent, predictable payments for lif
