Bucket List: Retirement
The economy continues at its strong pace, keeping unemployment at its lowest rate in nearly 50 years. While this is usually good news, employee financial vulnerability is clouding this sunny forecast. The repercussions are impacting their ability to save for retirement.
Millennials are the most stressed by their financial situations, followed by Gen X and Baby Boomers, according to PWC’s 8th annual Employee Wellness Survey, released in June 2019. More than 80% of the employees surveyed believe they will have to work during retirement.
- The top two financial concerns across these age groups.
- What is causing these groups financial stress.
- How employers can help their employee save more for retirement.
- And more …
Also in this edition of Benefit Insights you’ll learn more about the importance of complying with safe harbor deadlines, you’ll gain access to a helpful calendar with important deadlines for the remainder of the year, and you’ll discover more secrets to excellent plan design.