Retirement

When employees can control their short-term finances it makes them more willing to invest in their long-term success.

About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they’d imagined because of the pandemic.

With the tax-free status, employers do not have to pay payroll taxes on the contribution and employees do not have to pay income taxes on the benefit.

More than a third of respondents who said they’d retired earlier than planned said a hardship like a health problem or disability was the reason.

Our most-read Views columns explore how employers are helping their employees reach their financial and holistic well-being goals.

It’s now up to employers to help workers understand how to rebuild retirement savings and regain financial security.

The pandemic-driven migration out of big cities could lead to more missing participants, and going forward, more small, stranded retirement accounts.

Alphabet said it will create a bonus program for senior executives that’s partly based on their performance in supporting environmental, social and governance goals.

Three-quarters of employees feel confident that they will have a comfortable lifestyle in retirement.

Seventy-two percent of employees say they would switch jobs to another company that cares more about their financial health.