Horace Mann to acquire Benefit Consultants Group to expand strategic capabilities in the retirement market
Horace Mann Educators Corporation to acquire Benefit Consultants Group to expand strategic capabilities in the retirement market
Understanding the impact of student loan debt on employee's retirement
Statistics show that almost half of young families have significant student loan debt. How can employers help educate their employees, especially those who may want additional degrees so they can specialize, about debt, savings and retirement planning?
Motivation Science - How to avoid relying on fear and shame to help your employees invest
In the past, doomsday scenarios or calling people out for behavior was thought to be a way to change their behavior. Fear based techniques have a short shelf life and shame is counterproductive. What works? Here are a few tips on using motivation to help employees invest.
Mind Your Time: Mindfulness and Time Saving Tools to Create More Focus for Retirement
Employees complain about not having enough time to focus on retirement planning. Plan sponsors can’t add a 25th hour to the day, but they can provide tools to plan participants about how to mind their time, both from an efficiency stand point and from a holistic standpoint.
A debt by any other name is still a debt
Not all debt has the same impact on retirement readiness for employees. Debt has impacts on retirement readiness your employees may not realize. Below, we list a few key distinctions employees may not know when making budgeting decisions that could impact their retirement readiness.
To app or not to app
Before you jump on the App bandwagon, you might want to consider whether developing an App for your advising business is what’s best not for you, but for your clients. Here are a few things to consider before investing in developing an App for your advising business.
Are your Retirees too busy?
Not all retirees want a life of travel, golf and early dinners. Some retirees continue to work just as passionately in retirement as they did before they left their paying occupations. That passion has its benefits, but also its detractions.
Managing and protecting your reputation
Clients choose advisors based on factors other than costs. Advisors who meet their client’s needs consistently have clients who are less likely to jump ship. Word of mouth may be the best form of advertising, but in the age of the Internet, can you control it?
Many millennials are making mistakes in home buying, yet are reporting higher levels of satisfaction with advisors. How can Advisors understand their blind spots, especially as millennials begin to move into decision-making roles at companies and organizations?
Busyness and retirement – how the “I’m too busy to plan” may be a way to avoid the fear of facing retirement
While the cult of busy has taken over workplaces as a way to show your importance or social capital, when it comes to retirement, “too busy” may mean more than trying to look important. It might hide worries in financial planning
Saving for Retirement by Side Hustle
The side hustle could be a go to for saving for retirement for workers with stagnant wages. But before employee’s jump on the side hustle train, there are a few drawbacks to that ride that should be considered.
Emotional Intelligence For Financial Advisors
How can financial advisors improve their skills to help make clients more comfortable in discussing financial performance? Many business coaches are encouraging advisors to focus on emotional intelligence.
Tax Laws Changing and How Clients See Funds Available for Retirement
If clients think that their taxes are increasing due to new changes in the tax laws, they may fear that they have less to contribute to retirement. So what changes impact the amounts available for retirement savings?
Borrowing from your 401(k) or IRA: What Do Plan Sponsors Need to Know About What’s Being Said to Employees
Employees may be wanting to access some of their retirement funds, rather than take loans, but may be confused by differing rules between Self Directed IRAs and 401(k)s.
Apps that can help even the lousiest saver save for retirement
The top reasons most folks give for failing to contribute to retirement savings are lack of time (to manage, analyze, or set up retirement plans) or inability to find a spare amount to set aside for savings. As the slogan goes, there’s an app for that.
How a Stop Doing list can help clients find funds for retirement
The best behavior change for saving money may be to focus on what to stop doing, instead of what to start doing.
When is encouraging good saving behavior too much?
The discussion sparked by WeWork’s vegetarianism decree about how workplaces encourage wellness and better behavior highlights something important for how employers and plan sponsors may want to think about their own activities in encouraging saving for retirement.
Beyond the death of the fiduciary rule - What rules might be on the radar for changes?
Recently, the SEC’s Chairman said that he thinks the agency’s rules need “sprucing up” and he is looking at other rules, including the private placement rules, to see what could be changed. What else might be on the table for a makeover?
Understanding your client's needs in a merger
Mergers may be sleeping giants for those involved, but how they impact benefit plans and how the surviving company will use them may feel like a decision with a deadline. This pressure may also be present for clients facing reorganization in bankruptcy. What can a financial advisor do to be ahead of the pressure points in reorganizations?
What FAs need to know about behavioral science in finance
Financial theory holds that people, as investors, will be rational thinkers, moving towards wealth maximization. Yet, often, investors, as people, make irrational choices. Behavioral finance explains why investors make bad choices and how to encourage better choices.
Better meetings and trainings: how to use new thoughts from experts to keep from boring your clients to death
However much meetings might be dreaded by clients, a meeting or education session in person may still be the best way to convey complex information about changes needed to a retirement benefits plan. How can financial advisor keep from stupefying their clients?
Rule 30e-3 May Modernize Disclosure, But What Information Do Client's Want?
New delivery options can provide employees with more information about the funds they are investing in through your 401(k) retirement plan. But before you turn on the fire hose of information, a quick review of what information helps engage employees in investing can help you increase your employees’ participation in your plan.
With a few years into the robo advising world, how is it working? What do sponsors need to know about how robo advising can help their employees and what do sponsors need to know about robo advisors and educating their employees.
Volunteerism and Retirement
Studies have shown that retirees report greater senses of happiness in retirement when they volunteer. Additionally, employees also report higher amounts of job satisfaction when they can participate in work place charity events –can an employer partner with groups and encourage a volunteer pipeline for retirees?
The Rent is Too Darn High
With fixed costs like housing increasing each year, how can Plan Sponsors help employees understand inflation and cost of living increases in planning for retirement?
Failure to launch
Understanding the impact on soon-to-retire employees and the return of their adult children on availability of funds can be essential in today’s economy
Mail Over Matter
Does your database hit the mark when needing to send information to retired employees? If a fund has to be dropped, can you meet your notice requirements? How to ensure retired employees update their contact details in an information age?
Retiring overseas and impact on plan administration
With a strong trend of retirees finding warmer (and cheaper) climates to spend their limited funds increasing, what do plan administrators need to know to ensure they can communicate properly with retired expat employees?