- Amid The War For Talent, Don’t Forget The Retirement Plan
A workplace retirement plan is just as important for employee retention as a competitive salary and flexible work arrangements
Voya Financial, Inc. (NYSE: VOYA), is releasing new findings from a consumer research survey revealing that, while the broad scope of workplace benefits and savings offerings for employees continues to evolve, the employer-sponsored retirement plan remains a critical component to attracting and retaining talent.
read more - Understanding The Importance Of Long Term Care Planning
Do consumers really understand long-term care insurance?
November is National Long-Term Care (LTC) Awareness Month, a national conversation on long-term planning in the event that individuals need support with everyday living. Long-term care involves services, both medical and non-medical, provided to people who cannot perform basic activities of daily living such as dressing or bathing.
read more - New Perspectives On Caregiving Support
Finding yourself unexpectedly as a primary caregiver for a loved one can be overwhelming
“My life changed in an instant,” said Rosemarie Rossetti during Guardian Life’s webinar, The Inaccessibility of Accessibility: Helping family caregivers find the resources they need.
read more - Consumers Are Underprepared For A Long-Term Care Event
Consumers need the help of the financial services industry to better understand long-term care
The pandemic brought consumer awareness about the need for life insurance, but it didn’t have the same impact on long-term care planning, according to new research from a 2022 OneAmerica consumer study on long-term care.
read more - Vitality: The Next-Generation Measure Of Health
Post-Covid, we know a whole lot more about the importance of health and well-being
The pandemic put a spotlight on the importance of health and well-being like never before. Stress, burnout, and loneliness were amplified, mental health concerns were exacerbated, and the fragility of our physical health became more apparent. In addition, the impacts of social determinants of health, such as income, education, where someone lives, and access to…
read more - Single Seniors Are Struggling To Retire
Women face the most financial challenges in retirement
Inflation and the current economic climate have put a financial strain on older Americans, and new data from American Advisors Group (AAG) shows that unmarried seniors are the most affected.
read more - Fear Of Aging
Fifty-three percent of U.S. adults actually don’t fear growing old... they fear getting sick
To better understand how Americans feel about aging, the editors at Forbes Health surveyed 2,000 U.S. adults regarding their fears, primary health concerns, and preventative measures. Not surprisingly, about 63% of U.S. adults consider the scariest aspect of aging to be a potential decline in health.
read more - 3 In 4 Gen X Children Want Their Parents To Retire At Home
Factors such as inflation and a volatile stock market are disrupting how many older Americans are planning to fund their later years, and their adult children are now worried they will not be able to help
Inflation and current economic conditions are creating problems for senior Baby Boomers, and new data from American Advisors Group (AAG) show that many of their Generation X (Gen X) children are not emotionally or financially prepared to care for them in their later years.
read more - Retirement Planning: How Much Money Will You Need To Cover Your Healthcare Expenses?
A healthy 65-year-old will spend on average between $137,000 and $300,000 on healthcare costs in retirement
Milliman, Inc., a premier global consulting and actuarial firm, today released its 2022 Retiree Health Cost Index which projects the total premiums and out of pocket expenses a healthy 65-year-old can expect to spend on medical and prescription drug costs in retirement.
read more - HHH Releases First Of Its Kind National Strategy On Family Caregiving
The far-reaching report details 350 recommendations across 15 federal agencies and includes actions for state and local governments, employers, and community organizations
The U.S. Department of Health and Human Services (HHS) has released a broad national strategy that provides the roadmap needed for federal, state, and local governments, as well as businesses and communities, to better support family caregivers.
read more - The State Of U.S. Healthcare In 2022
Even with record-high coverage, 2 in 5 adults still burdened by medical bills and debt
Despite historically high levels of health insurance coverage, 46 percent of working-age adults skipped or delayed care because of cost in the past year, and 42 percent struggled to pay medical bills or were paying off medical debt, according to findings from the latest Commonwealth Fund Biennial Health Insurance Survey.
read more - Financial Finesse: Planning Late In Life Decisions
Do retirees have the information they really need to make critical choices throughout the stages?
Much of retirement planning focuses on financial, investment, and estate planning needs. Earlier research, such as the SOA's Retirement Health & Happiness brief, showcases how this retirement planning overlooks some challenges of late-in-life retirees.
read more - U.S. Retirement Income Imbalance
Non-retired Americans knowingly forgo highest Social Security payments
According to the Schroders 2022 U.S. Retirement Survey, 86% of non-retired Americans 45 and older are aware they could receive higher Social Security payments by delaying the start of their benefits, yet just 11% of respondents plan to wait to age 70 – the age at which an individual reaches their maximum monthly benefit –…
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