In late June of 2024, the IRS issued a notice providing critical guidance on early withdrawal penalty exemptions under the SECURE 2.0 Act. The law includes significant provisions for individuals experiencing domestic violence. Victims of domestic abuse can now withdraw funds from their retirement plans without incurring the usual early withdrawal penalty.

To learn more about this guidance or what information you should share with participants, read our latest blog. 

How well do you know your retirement plan? Take our quiz to find out! Learn the type of account you have, assess your investment risk, discover your employer’s match limit, and ensure you know your beneficiary. Understanding these key aspects can maximize your financial future. If you’re unsure about any answers, reach out to an Advisor or plan sponsor for guidance.

Retirement accounts are prime targets for cyberattacks, with breaches on the rise. Educate participants on scams and choose secure recordkeepers to prevent data leaks. Implement two-factor authentication and consider cybersecurity insurance. Plan sponsors must have a response plan with recordkeepers to manage breaches effectively. Stay proactive and ensure the security of retirement funds.

Discover why Americans’ retirement "magic number" has soared to $1.46 million, a 53% increase in five years, while actual savings lag. Factors like inflation, healthcare costs, and debt widen this gap. Plan sponsors can bridge it through financial literacy, auto-enrollment, and boosting contributions, ensuring better retirement readiness and security.

Learn the importance of accurate beneficiary designations in retirement plans. Discover how neglecting updates can lead to unintended outcomes and costly legal disputes. Explore best practices for plan sponsors to educate participants and leverage technology. Protect your employees' financial futures by ensuring their beneficiary wishes are upheld.

Retirement readiness is a critical issue impacting employees across all demographics. As the workforce becomes increasingly diverse, employers have a unique opportunity to foster an inclusive environment to empower everyone to achieve financial security once retirement comes. Explore actionable steps you as an employer can take to engage your employees in retirement planning, regardless of their background, life stage, or financial circumstances.

A recent study commissioned by the ALI Retirement Income Institute has revealed a stark reality: A substantial portion of America’s Baby Boomer population is ill-prepared for retirement. As the retirement countdown begins for Peak Boomers, plan sponsors have an opportunity to implement impactful strategies that can help increase the financial security of employees entering their golden years.

Many women have voiced their support for the reinstatement of pension programs and government assistance in lowering the cost of long-term care in retirement, given that they face a greater financial challenge. 80% of women have agreed the U.S. is facing a retirement crisis, and an even larger percentage agreed that employers should contribute more to workers’ retirement plans. Read on for ideal retirement solutions for women. 

As you approach retirement, one of the biggest questions on your mind is likely "Will I have enough money saved?" Many people save for retirement without a clear target in mind, leaving them uncertain if they're on track. The key is to take the time to estimate your potential retirement expenses and income sources. With these projections, you can determine if your current savings rate will sufficiently fund your future needs.

The U.S. retirement savings system has seen dramatic changes over the last few years because of SECURE Acts 1 and 2. Now, the IRS and DOL are providing waves of implementation guidance to absorb. This course addresses new and proposed regulatory and legislative directives as they pertain to workplace retirement plans and IRAs and provides practical and tactical actions for plan sponsors and their advisors to consider.

Millennials are redefining the traditional approach to retirement, with over 50% seeing it as a stage of greater freedom rather than a complete absence from the workforce. However, Millennials face unique challenges when it comes to retirement planning. See what factors disrupt Millennials' saving habits and the percentages of those affected by "money dysmorphia" in our latest blog. 

Health savings accounts (HSAs) have surged in popularity over the years. You may have encountered them, possibly as part of the benefits offered by your workplace. Let's uncover the truth behind HSAs in our FAQ blog.