“Active versus passive” is one of the most significant decisions facing DC retirement plan sponsors today, with no shortage of opinions on the debate.
Planning for retirement can at times be like chasing a moving target; major life events, stock market movements and changes in legislation all have the potential to derail even the most detailed plan.
47% of American workers report they are stressed about their finances.¹
Two studies from Alight Solutions indicate that there’s a disconnect between how much financial help workers think they should be getting from their employers and how much help those employers think they should give.
Americans today are living longer lives and need to make preparations for a retirement that may stretch for decades.
Voya recently conducted a study to gain a better understanding of the specific challenges caregivers face in their careers and on a day-to-day basis.
Behavioral finance helps retirement experts understand that everyone, including participants, sometimes behave irrationally.
More and more studies show that employees just aren’t saving enough for retirement.
Living to be 80 or 90 years old was once considered an anomaly.
Large employers including Wal-Mart, Aflac and SunTrust have announced significant compensation and benefits changes and attributed them to the Tax Cuts and Jobs Act.
The average worker faces growing risks that they will not have the income they need to meet their retirement goals.
Check out our recent marketing campaign that was created to simplify retirement terms and was shared on our social platforms.
For most people, retirement is the opportunity to focus on the things that matter and according to a recent study via Voya’s Online Community, how participants visualize retirement vs. retirement planning differs significantly.
To get a better understanding of how consumers think about retirement and what it means to be retirement ready, several generations participated in a study. A group of millennials, generation Xers and baby boomers were invited to a private, unbiased online forum to discuss their financial priorities, as well as their emotions and triggers behind each.