More than two-thirds of workers (68 percent) say they are very confident or somewhat confident that they will have enough money to live comfortably in retirement, but almost the same percentage of workers say they and their spouses have accumulated less than $50,000 in retirement savings, according to the Employee Benefit Research Institute.
A new survey from OfficeTeam reports that over half of employees say their employers are "very supportive" of their efforts to achieve work/life balance.
A new survey suggests that human emotions can cause mistakes in retirement plan investing--and also suggests what employers can do to help employees make better decisions.
A growing number of companies are adding automatic features to their 401(k) plans to encourage workers to save more for retirement, according to a study of 220 large companies by Hewitt Associates.
The Treasury Department and the IRS have published final regulations with guidance for 401(k) plan sponsors who want to offer employees the opportunity to make designated Roth contributions.
A recent study on retirement savings serves up some sobering news for employees
who are not contributing to their 401(k) plans: it is likely that they will
be able to replace as little as 52 percent of their annual preretirement income
when they retire.
The Internal Revenue Service is advising taxpayers who suffered losses as a
result of Hurricane Katrina to be aware of recent changes in the tax law that
may be beneficial if they have funds in certain retirement plans. The new law
provides for tax-favored withdrawals, recontributions, and loans.
Small employers are significantly more likely to offer work flexibility to
all or most employees than employers of other sizes, but large employers are
providing more benefits that have direct costs, according to a study by the
Families and Work Institute.
State, county, and municipal governments face "ticking time bombs" in their pension plans because of all the aging baby boomers in their workforces, according to Stateline.org, a website the covers state governments.
