Employee Benefit Research Institute

Saver's Match: A 'Force Multiplier' in the Battle to Improve Retirement Readiness

Retrieved on: 
Tuesday, April 9, 2024
EBRI, Motivation, Retirement, African Americans, Research, Credit, New Year's Day, Employee Benefit Research Institute, Hispanic and Latino Americans, Health insurance

CHARLOTTE, N.C., April 9, 2024 /PRNewswire/ -- Key findings from new research indicates that the Saver's Match Program holds strong potential to be a "force multiplier" in the battle to help America's under-saved and under-served workers improve their prospects for a secure retirement in at least three measurable ways. These include stimulating more savings through federal matching contributions, incentivizing more contributions from existing savers, and boosting participation in the retirement system from non-savers.

Key Points: 
  • These include stimulating more savings through federal matching contributions, incentivizing more contributions from existing savers, and boosting participation in the retirement system from non-savers.
  • This is one of the key findings of a new study undertaken by Retirement Clearinghouse, LLC and Boston Research Technologies , "How the Saver's Match Could Promote Financial Inclusion: A Survey-Driven Analysis of the Saver's Match Program."
  • In addition, the survey found Black and Hispanic savers would benefit from the Saver's Match Program at higher-than-average rates.
  • However, these minority savers have lower retirement savings account balances and lower household incomes than their White counterparts.

J.P. Morgan Asset Management Releases 2024 Guide to Retirement

Retrieved on: 
Wednesday, March 6, 2024
Market, JPMorgan Chase, Tax, Social, EBRI, Employee Benefit Research Institute, Social Security, Capital market, Research, Financial adviser

NEW YORK, March 6, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today released the 12th edition of its annual Guide to Retirement, analyzing the most significant issues impacting retirement to help advisors and their clients, and defined contribution plan participants make informed planning decisions. This year's Guide leverages anonymized household data, and proprietary research that showcases real-life spending and saving patterns to help prepare for unforeseen spending shocks, and improve retirement outcomes.

Key Points: 
  • 12th edition of Guide examines key issues impacting retirement planning in 2024 including taxes, Social Security, and health care
    NEW YORK, March 6, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today released the 12th edition of its annual Guide to Retirement , analyzing the most significant issues impacting retirement to help advisors and their clients, and defined contribution plan participants make informed planning decisions.
  • However, we feel optimistic for the future of retirement security as plan sponsors and legislators emphasize the need for broader access to retirement savings," said Michael Conrath, Chief Retirement Strategist, J.P. Morgan Asset Management.
  • "Our 2024 Guide to Retirement has been designed to help advisors provide long-term investing strategies to best position clients to reach their retirement goals and plan strategically for their future."
  • "Our clients trust and rely on the insights in the Guide to Retirement to turn complexity into clarity for the individuals and plan sponsors they serve," said Steve Rubino, Head of Retirement, J.P. Morgan Asset Management.

TIAA Institute report finds ties between financial stress and mental health

Retrieved on: 
Wednesday, February 28, 2024
Well, Grammatical mood, Anxiety, Mental health, Absenteeism, Retirement, Nuveen, Risk, Employee Benefit Research Institute, Prevalence, World Health Organization, Organization, Mental, TIAA, WHO, Depression, Nursing

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Employers can play an integral role in addressing mental health challenges caused by financial stress by implementing thoughtful, holistic, support services for employees. A new report by the TIAA Institute and High Lantern Group examined the correlation between financial stress and mental health, and how these stressors impact employee engagement at work.

Key Points: 
  • A new report by the TIAA Institute and High Lantern Group examined the correlation between financial stress and mental health, and how these stressors impact employee engagement at work.
  • According to TIAA Institute researchers, financial struggles such as worrying about debt, financial instability or the inability to meet basic needs can trigger stress or reduce resilience against mental health challenges.
  • "The pandemic has heightened awareness about the prevalence of mental health challenges, with rates of poor mental health rising.
  • According to the report , 42% of U.S. adults say that money negatively impacts their mental health, and financial stress has resulted in a 34% increase in absenteeism and tardiness.

MissionSquare Research Institute Names Zhikun Liu as Vice President, Head of Retirement Research

Retrieved on: 
Wednesday, January 24, 2024
Moses Austin, Research, Employee Benefit Research Institute, Mathematics, Health, EIP, University, RHS, Oklahoma State University–Stillwater, Economics, Publishing, Texas Tech University, Workforce, Ballpark, Retirement, Publication, Public sector, Management

Washington, D.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- MissionSquare Research Institute , a leading nonprofit and nonpartisan organization specializing in public sector workforce research, announces the appointment of Dr. Zhikun "Dennis" Liu as Vice President, Head of Retirement Research.

Key Points: 
  • Washington, D.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- MissionSquare Research Institute , a leading nonprofit and nonpartisan organization specializing in public sector workforce research, announces the appointment of Dr. Zhikun "Dennis" Liu as Vice President, Head of Retirement Research.
  • "I am inspired to have such a highly qualified industry leader at the helm of MissionSquare Research Institute.
  • "It is my honor to lead MissionSquare Research Institute," says Dr. Liu.
  • Before joining MissionSquare Research Institute, Dr. Liu held key roles at the Employee Benefit Research Institute and Empower Retirement, where he contributed to the advancement of methodologies in financial wellness and retirement readiness.

Wealth Advisor Don Hershberger Co-Authors New Book on How to Avoid Costly Retirement Mistakes

Retrieved on: 
Thursday, November 9, 2023
Collection, Employee Benefit Research Institute, Retirement, Failure, Pension fund, Book

"There's a huge difference between a retirement filled with worry and doubt, and a retirement designed to help you live an inspired life.

Key Points: 
  • "There's a huge difference between a retirement filled with worry and doubt, and a retirement designed to help you live an inspired life.
  • Life's too short not to live and retire inspired," says financial educator, author, speaker, and wealth advisor, Don Hershberger.
  • It outlines the three major retirement mistakes and includes a very helpful section detailing twelve challenging retirement obstacles.
  • The book concludes by showing readers how to take the next step for informed planning of their retirement and wealth goals.

Principal Financial Group® Chairman, President & CEO Dan Houston Recognized with the 2023 Ray Lillywhite Award by EBRI at the Defined Contribution West Conference in San Diego, CA

Retrieved on: 
Tuesday, October 24, 2023
Finance, Consulting, Professional Services, Small Business, Insurance, Knowledge, Principal, EBRI, Business, Stanford Graduate School of Business, Nottingham University Business School, Policy, United States Senate, Labour, Community foundation, Heart, Wiley (publisher), Segal (company), Workforce, Organization, Conference, University of Pennsylvania, Principal Financial Group, National Equity Fund, Inc., Wharton School of the University of Pennsylvania, Pension, American Council, Mutual Life Insurance Company of New York, Inc., Employee Benefit Research Institute, Retirement, University, Bloomberg, United States Senate Committee on Commerce, Science, and Transportation, Business Roundtable, American Council of Life Insurers, Education, Greater, SIPC, Senate, PFG, Management, Health

Principal Financial Group® chairman, president & CEO Dan Houston received the 2023 Ray Lillywhite Award today from the Employee Benefit Research Institute (EBRI) at the Defined Contribution West Conference in San Diego, CA.

Key Points: 
  • Principal Financial Group® chairman, president & CEO Dan Houston received the 2023 Ray Lillywhite Award today from the Employee Benefit Research Institute (EBRI) at the Defined Contribution West Conference in San Diego, CA.
  • The Employee Benefit Research Institute recognizes Dan with the 2023 Ray Lillywhite Award because of his longtime focus on advanced financial security and retirement programs for employees and employers,” said Barb Marder, president & CEO, EBRI.
  • “I am deeply honored and humbled to receive this year’s Lillywhite Award,” said Dan Houston, Principal chairman, president, and CEO.
  • Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​ ©2023 Principal Financial Services, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20231024875953/en/

Two of Colorado's Retirement Advisors, Darian Andreson and Kathy Larouere, Co-Author New Book on How to Enjoy a Better Lifestyle in Retirement

Retrieved on: 
Friday, October 20, 2023
Mistake, Fruit, Collection, Employee Benefit Research Institute, Tax, Retirement, Failure, Financial adviser, Life insurance, Book

"There's a huge difference between a retirement filled with worry and doubt, and a retirement with clarity and confidence.

Key Points: 
  • "There's a huge difference between a retirement filled with worry and doubt, and a retirement with clarity and confidence.
  • I believe that people who have worked hard and successfully saved for their retirement deserve to enjoy the fruit of their labor.
  • Darian and I want people to read Retire Abundantly so that they are more informed about their options in retirement."
  • Darian adds, "I believe that people who have worked hard and successfully saved deserve a better lifestyle in retirement.

Finseca: Three Tools for Americans Who are Lacking Confidence in Their Ability to Retire

Retrieved on: 
Wednesday, August 9, 2023
Exercise, Life, Fear, Growth, EBRI, Employee Benefit Research Institute, Investment, Risk, Ernst, FSP, Risk management, Life insurance

At Finseca our mission is right there in our name, Financial Security for All.

Key Points: 
  • At Finseca our mission is right there in our name, Financial Security for All.
  • It's never too late to take control of your future to ensure long-term financial security.
  • For example, here are three simple tools you can leverage to get started:
    Talk to a Professional.
  • It is highly recommended that you seek professional guidance from a holistic financial security professional (FSP) when developing your financial plan.

Nuveen Lifecycle Income Series for Defined Contribution Plans Provides Income for Life

Retrieved on: 
Tuesday, August 8, 2023
Business development, Life, Friends, CIT, TDF, DC, CITS-DT, Consultant, United States Department of Labor, Nuveen, Employee Benefit Research Institute, TIAA, Retirement, Investment, Growth, Employee benefits, Life insurance, Financial adviser

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- Nuveen, the investment manager of TIAA, introduced the Nuveen Lifecycle Income Series, a target date solution for defined contribution plans that offers plan participants guaranteed savings growth during their working years and the ability to set aside a portion of savings for guaranteed monthly payments that last for life in retirement.

Key Points: 
  • An extension of the Nuveen Lifecycle target date fund platform, the new series – structured as collective investment trusts available only to qualified retirement plans – embed the TIAA Secure Income Account (SIA), a deferred fixed annuity within a familiar target date fund (TDF) series.
  • The series include three TDF strategies: Nuveen Lifecycle Income Index (all passive investments), Nuveen Lifecycle Income Blend (a blend of active and passive investments) and Nuveen Lifecycle Income Active (all active investments).
  • "The Nuveen Lifecycle Income Series with TIAA's solution inside address one of today's most critical retirement planning challenges: the increasing need for guaranteed, predictable lifetime income, especially as more Americans approach retirement and are living longer."
  • In recent decades, lifetime income has largely disappeared from corporate retirement plans, as private sector employers have shifted away from providing traditional defined benefit pension plans in favor of defined contribution plans such as the 401(k).

IRALOGIX Urges Congress to Protect Interests of Low-Income Retirement Savers

Retrieved on: 
Tuesday, July 25, 2023
Other Construction & Property, Construction & Property, Professional Services, Finance, Employee Benefit Research Institute, Smith, United States Department of Labor, IRA, Compact disc, Congress, EBRI, Legislation, Retirement, Automatic, Financial adviser, Bank, Health insurance

“While we applaud Congress for its efforts in enacting legislation aimed at enhancing retirement savings, the inescapable conclusion is it doesn’t go far enough, particularly for one of the most underserved groups, low-income workers,” said Lowell Smith, Co-founder of IRALOGIX.

Key Points: 
  • “While we applaud Congress for its efforts in enacting legislation aimed at enhancing retirement savings, the inescapable conclusion is it doesn’t go far enough, particularly for one of the most underserved groups, low-income workers,” said Lowell Smith, Co-founder of IRALOGIX.
  • “Further legislative action is required to protect these workers’ retirement savings from being used for expenses other than retirement.”
    Smith points to the need to enact restrictions on when accountholders can take distributions from retirement accounts.
  • In addition, often the returns aren’t enough to cover annual accountholder fees, much less meeting retirement growth needs when taking into account inflation rates.
  • Some 30 states have considered requiring state-mandated retirement plans, but only 15 currently have signed these programs into law.