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Health savings accounts (HSAs) are a high-value option with triple tax benefits that help employees prepare for health care costs in retirement, but many employees continue to miss out on the benefits, according to a new study.
Willis Towers Watson’s 2018 Health Accounts Employee Attitudes Survey...
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Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced Oct. 11.
The 2.8% cost-of-living adjustment (COLA) will begin with benefits payable to beneficiaries in January. For SSI...
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The IRS has announced that it has granted tax relief certain victims of Hurricane Michael in Florida. The IRS action includes relief from penalties on payroll and excise tax deposits due on or after Oct. 7, 2018, and before Oct. 22, 2018, which it says will be abated as long as the deposits are...
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The tail end of hurricane season — and more specifically the disastrous flooding of Hurricane Florence — brins to mind my last serious brush with nature’s fury.
It was 2011, and we had just dropped our youngest off for his first semester of college in North Carolina, stopped off long enough in...
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With a 20-year history, many Americans have heard of the Roth IRA and its benefit of taking tax-free withdrawals during retirement. Some have heard of the Backdoor Roth — making nondeductible contributions to traditional IRAs and converting them to Roth IRAs. A new Roth savings strategy, being...
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Many countries consistently receive high rankings for their retirement systems, but does that mean they also have the happiest participants? A new report delves deeper into the drivers of happiness in the context of retirement and finds that that’s not necessarily the case.
State Street Global...
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The Pension Benefit Guaranty Corporation (PBGC) has set flat-rate and variable rate premiums for 2019.
Flat-Rate Premiums
The per-participant flat-rate premium for plan years beginning in 2019 is $80 for single-employer plans (up from the $74 2018 rate and the $69 2017 rate) and $29 for...
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Rep. Richie Neal (D-MA), the ranking Democrat on the House Ways & Means Committee, and the man in line to become chairman of that powerful committee, has cited three priorities on which he even thinks he might align with President Trump, and two of them — shoring up retirement savings and...
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As employers increasingly determine that financial wellness programs can help improve employee productivity and reduce financial stress, it would seem that such programs are no longer in their pilot program days.
The findings of NEPC’s Defined Contribution Financial Wellness Survey reveal that...
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The California Secure Choice Retirement Savings Investment Board has announced that it is proposing the adoption of emergency regulations to implement, interpret and make specific the rules, policies and procedures dictating the operation of the California Secure Choice (CalSavers) Retirement...
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