BCG Blog

Plan Sponsors can use the news about recent drops in life expectancy to help educate employees about the need for individualization in retirement planning.

Is it possible for plan sponsors to encourage retirement readiness in their employees by capturing some of the excitement about Marie Kondo? You bet! The Frugality and Minimalism trends can help employees overcome old beliefs about savings.

With access to financial information getting easier thanks to new and proposed regulations from the SEC, it may be worthwhile for employees to know where to look to find the best financial information about companies and funds.

Can Plan Sponsors use the news of government employees’ use of loans from retirement accounts as a backstop to unemployment to help employees understand their retirement options? Here are a few key points to borrowing from retirement accounts that employees may need information about.

The urge to get rid of student loans is constant and distracting, and probably a little sweaty. But employees look and listen before refinancing their student loans to make sure they end up with a better bargain.

Resilience has been a hot topic in parenting and work-life balance discussions lately and for good reason. Resilience helps employees face life stress without negative impact on productivity. Employees can be taught to build resilience and be more ready to face unexpected financial events without too heavy an impact on their retirement readiness.

Lately, it seems like most financial news seems to question conventional wisdom as often as they apply it. So, if it’s being questioned more often, is the wisdom even conventional anymore? Now more than ever, employees may need more individualized advice.

Childless couples may have different needs in retirement planning, the biggest of which may be not be treated like they won the lottery because they don’t, or can’t, have children.

Socially Responsible Investing, such as ESG Funds, continues to show strong performance. Here’s an update on how the SRI market has faired since our last post in 2017.

New studies show that Millenials (or Gen Z) are starting to treat the term capitalism negatively. How can advisors adjust their messaging and communications to avoid the negative feelings about capitalism?

Retirees with jobs in retirement may be a growing new trend. What do advisors need to know about the new trend of choosing a retirement job and how that impacts retirement savings?

With HSAs now a near must for many employees, clients may be asking questions about how best to offer HSAs and FSAs to their employees. Those clients may also wonder how HSAs interact with plan coverage.

Americans are, without a doubt, retiring later. Does that mean they now need less to money stashed away for retirement? Have Americans changed the tried and true standards for retirement readiness?

Burnout leads to terrible decisions. As they burn the candle at both ends, employees may be making financial decisions that are equivalent to lighting piles of money on fire. How can plan sponsors help?

With 1 in 3 Americans having less than $5000 in retirement, many will need to spend their later years catching up. What do employees need to know about IRS rules on setting aside extra savings in their fifties?

Want to find a new way to get ideas about retirement across to your employees? Try using examples from the movies to engage your employees on retirement readiness.

In 2018, California created new regulations that require greater diversity on corporate boards. How can advisors use these changes to increase collaboration and client contact? The key may be how boards may become more focused on company culture.

While they make for explosive interpersonal interactions, Presidential races may also cause concern among your clients about what impact a hotly contested presidential race might have on the stock market. It turns out those concerns are based in truth. Presidential elections do impact stock markets.

The key to finding the right people might be to focus more on how you find them and less on your job description or interview process. Letting go of what you’ve always tried and trying these ideas might help you find your client’s new favorite staff person.

as competition on advisor fees heats up a return to the basic business school principles of price setting might help ease stress and help create a workable plan to fill your pipeline of business prospects.

How can you help an employee bridge the gap from their current self who works hard and saves for retirement instead of eating out more often and their future, older retired self who gets to play with grandchildren? One method may be simply to communicate with the future self.

A new trend of working more than one job to cover rising health care costs or make up for stagnant wages has some employees nearing retirement asking how they should plan for retirement. Do they retire from everything?

It is the season to worry about a recession. Actually, many employees often worry constantly about recessions and the resulting uncertainty in their finances. Reducing worry in your employees, for whichever reason generates it, can help them continue to be productive.

Employees who may be in the eye of a personal storm, like divorce, death of a loved one, or other upheaval, may not recognize that their decision making is decreasing in effectiveness. And importantly, those life events often involve changes to retirement accounts.

Countless research reports show that clients who respond to market changes based on fear harm their retirement readiness. But fear impacts decision making more than just by adding additional transaction costs or advisor fees.