As the labor shortage continues to grow in the coming decades, the very nature of work may change with it. The model of the future? Think Hollywood. That's the insight offered by Harvard Business blogger Tammy J. Erickson in her piece, Cycling: The Hollywood Approach to Talent...
Obviously, deciding how much money you need for retirement is a highly personal calculation. It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early. That's why this set of five interactive worksheets is designed to let...
Are you looking at the Health Savings Account HSA as a retirement account? Do you have an amount in mind that you want to carry over into retirement? This tool will help you determine what you need to do in order to reach your goal.
There's an interesting article in strategy+business called "How to be a Demographic Realist" that presents some false assumptions about retirement -- something 21 percent of the global population will need to think about by 2100, as opposed to 7 percent now. It's probably not news to you that the burgeoning senior population faces some challenges...
This template forecasts the growth in value of your 401K plan and to project the monthly income you will receive from the plan upon retirement. It also compares the wealth accumulation in the 401K plan in contrast to the growth of a taxable savings plan. The forecasted monthly income during...
Young professionals smile at the thought of opportunities likely to open up for them as a wide swath of the workforce retires in the next decade. Conventional wisdom says companies will be hard-hit as the baby boomer generation vacates key management positions to spend more time on the fairway, but...
How prepared do you feel for your retirement? Watch for a new planning tool, coming soon, that will help you see the big picture and make plans for a secure retirement. California Casualty, through its A+ Auto & Home Insurance Program recently introduced Identity Theft Resolution Service, a new benefit...
Problems in financing retiree health benefits have been brought to a head with the aging of the Baby Boom generation. Most people will be covered by Medicare after retirement, but in the public sector and particularly in the public safety field, employees often retire before they are eligible for Medicare....
It's no secret that the 76 million Americans born between 1946 and 1964 - the baby boomers - have been driving cultural trends since their infancy, from rock 'n' roll to Rogaine to real estate. But the next boomer trend will likely have the biggest impact on Corporate America yet:...
The retirement system is evolving. As defined contribution plans become increasingly central to employees' retirement income security, more responsibility for retirement financial preparedness is shifting directly to employees. Whereas employees may have once been able to rely heavily on pension plans and retiree medical benefits, in employer-sponsored retirement programs of...
Defined contribution DC plans are increasingly being offered as the primary employer-sponsored pension, so it is of interest to ask whether DC accumulations are likely to yield sufficient income in retirement. This paper uses the EBRI/ICI 401k Accumulation Projection Model to explore alternative future scenarios for retirees having had 401k...
Switzerland has a long established and well developed three-pillar system for providing retirement, survivors' and disability benefits. The target of the first pillar, federal social security insurance, is to provide for the subsistence needs for all residents of Switzerland. The second pillar is the occupational benefit system BVG (Swiss pension...
Americans have to change their attitude about retirement planning. Many think they can take their time, but that kind of thinking will not leave much of a nest egg. In years past, Americans would hold one for 25 years then retire with a pension that could carry them through their...
Various factors increasingly suggest that individuals who are trying to plan for a secure retirement face a gathering storm. About 100 participants in the Employee Benefit Research Institute's spring 2005 policy forum examined the different forces at work that threaten economic security in retirement, and heard ERBI researchers and others...
Retirement benefits are a key component of an employer's compensation and benefits package. Most employees view retirement as their single most important savings objective. Yet many have not done the rigorous homework associated with securing the kind of lifestyle they envision for their later years. An employee approaching retirement needs...
The retirement picture could look markedly different for retirees in the future compared to those of today. The reasons include: the rising costs of retiree medical care, the erosion of the traditional pension plans, underutilization of 401k plans and more. These realities will force employees to change their expectations and...
This paper develops a stochastic simulation algorithm to evaluate the effect of holding a broadly diversified portfolio of common stocks, or a portfolio of index bonds, on the distribution of 401k account balances at retirement. It compares the alternative distributions of retirement wealth both by showing the empirical distribution of...
HR should help employees start planning for retirement long before their final days on the job.Planning for retirement involves more than redistributing the assets in a 401k plan. To make the most of life after leaving the full-time workforce, experts say, employees should start long before their final days on...
To plan for a successful retirement, you must be familiar with the retirement payment options available to you from the retirement system. You should also consider your financial needs in retirement, your health, your beneficiary's health, the need to provide survivor benefits, life insurance benefits available, income from other sources,...
Despite substantial increases in longevity, the age of retirement in the industrialized countries has steadily fallen throughout most of the 20th century. In most other OECD countries, labor force participation rates for those 65 and above have fallen significantly. The economic cost of low labor market participation, in terms of...
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