Befi

Addressing Hourly Workers’ Financial Challenges is Key to Retention and Productivity

By Fred Barstein / 401k News, Adaptability, Artificial Intelligence, auto enroll, Behavioral Finance, benefit education, Communication, Digital Tools, Employee engagement, Fiduciary, Financial Advice, Financial Literacy, financial stress, Financial Wellness, Financial Wellness, Retirement Savings Concern, retirement security

Six in 10 hourly workers are struggling financially, with many working multiple jobs just to stay afloat. For retirement plan sponsors, this harsh reality creates...

Transamerica: For Most Workers, Retirement at Age 65 Isn’t Likely

By Fred Barstein / Behavioral Finance, benefit education, Communication, Compensation, Confidence, Economy, Emergency Savings, Employee happiness, financial behaviors, financial insecurity, financial stress management, financial uncertainty, Financial Wellness, Health & Wellness, Health Savings Account, healthcare, Healthcare & other benefits, hiring, inflation concerns, inflation stress, personal financial advice, Recession, Retirement Happiness, Retirement Plan Testing, Retirement Readiness, Retirement Savings Concern

When it comes to retirement, many middle-class workers are finding themselves in a precarious position. A significant number of American workers plans to continue working...

Gen Z Most Optimistic About Their Retirement Outlook

By Fred Barstein / Aging Workforce, Behavioral Finance, Communication, Communication, DC plans, diversity, Emergency Savings, Employee Benefits, Employee happiness, Employer Contribution, employer match, Fiduciary, financial behaviors, financial insecurity, financial literacy, financial stress management, Financial Wellness, Future Self, generation x, Health & Wellness, Independence planning, inflation concerns, investment, Job growth, managed accounts, Millennials saving, multi-generational workforce, Partners, personal financial advice, Plan design, Plan Optimization, Plan Participation

Different generations have differing perspectives on their retirement prospects. Generation Z seems to be the most optimistic. A pair of recent BenefitsPro articles highlighted two...

Improved Retirement Confidence Starts with Clarity

By Fred Barstein / adult learning, Behavioral Finance, benefits committee, Benefits integration, Communication, Communication, Confidence, Digital Tools, DOL Guidance, Economy, Employee engagement, Employee happiness, Fiduciary, Financial Advisors, Financial Stress, financial stress management, Financial Wellness, Health & Wellness, inflation concerns, managed financial stress, Peer to peer learning, Retirement Happiness, Retirement Readiness, Retirement Savings Concern

New research from the Employee Benefit Research Institute (EBRI) shows Americans are cautiously confident about their retirement prospects. However, confidence comes from understanding, and many...

Emergency Savings Rates are Low, Retirement Anxiety is High

By Fred Barstein / 401k News, Adaptability, Behavioral Finance, Communication, Company Contributions and Vesting, Compensation, debt relief, Economy, Emergency Savings, Employee Benefits, Employee happiness, employer match, evolving and adapting, Fiduciary, financial behaviors, Financial Wellness, inflation concerns, inflation stress, Job growth, recession, Regs and Regulators, Retirement Savings Concern

Most Americans are anxious about being able to retire comfortably. It’s no wonder – few adults can barely afford a $400 emergency, let alone save...

3 Ways to Support an Aging Workforce

By Fred Barstein / 401k News, Adaptability, Aging Workforce, annuity, Behavioral Finance, benefit education, Communication, Compensation, DC plans, diversity, Economy, Employee happiness, Employer Contribution, environment, Fiduciary, Financial Wellness, Health & Wellness, healthcare, Inclusion, Investments, mindfulness, Retirement Income

The aging population has transformed the workforce—approximately one in four employees is age 65 or older. While this demographic is becoming the fastest-growing group of...

Why Financial Wellness Programs Matter for Employers & Employees

By Fred Barstein / Behavioral Finance, Communication, Communication, Digital Tools, Fiduciary, Financial Advisors, Financial Stress, Financial Wellness, Independence planning, personal financial advice

Neglecting financial wellness programs can have detrimental effects on both employers and employees. For employees, the absence of these initiatives often leads to increased...

Mindfulness in Navigating the Future of Retirement Planning

By Fred Barstein / 401k News, Adaptability, adult learning, AI, artificial intelligence, Authenticity, Behavioral Finance, Change, Client connection, Communication, Convergence, Creative approach, DC plans, Fiduciary, Financial Advisors, Financial Security, Investments, mindfulness, WealthManagement.com

In the rapidly evolving landscape of the retirement industry, mindfulness plays a crucial role in ensuring both financial advisors and clients remain focused, clear-headed, and...

Women & Men Think Differently About Money, Jobs, & the Economy

By Fred Barstein / Behavioral Finance, benefit education, Communication, Confidence, Economy, Emergency Savings, financial insecurity, financial stress, Financial Stress, financial stress management, financial uncertainty, Financial Wellness, Health & Wellness, Retirement Readiness, Retirement Savings Concern

Financial Literacy and Financial Wellness Are Two Different Things

It’s no secret – men and women think differently, and that includes their sentiments about their finances, jobs, and the economy. A recent survey from...

Auto Features in DC Plans: Balancing Act for Future Security

By Fred Barstein / 401k News, Annuities, auto enroll, auto escalate, Auto Portability, auto re-enroll, Behavioral Finance, Compensation, Distribution, Fiduciary, Financial Advice, Financial Wellness, retirement income annuity, Retirement plan management, Retirement Readiness, Retirement Savings Concern, Roth 401k

The use of automatic features like auto enrollment, auto escalation, and professionally managed investments in DC plans such as 401(k) and 403(b) has undeniably increased...