We all want to save enough money to retire. But how do we get from here to there? Can you help employees have more income in retirement?
We've done research on some of the steps people can take to help maximize their potential retirement income. We've also examined how employers and advisors can help with each step, including:
Look at the Big Picture
The first way you can help your employees is by thinking about each employee's financial picture as a whole, not just their retirement savings in isolation. Retirement planning causes many employees stress because other financial obligations - credit-card debt, student loans, and saving for a home, for example - are more immediate and push long-term saving aside. Providing financial tools and education to employees can help them better understand how to manage their finances and “find” money to save for retirement.
Learn more about how you can help employees have more income in retirement