EPIC Retirement Plan Services’ Post

Plan design is focused on getting employees enrolled sooner, keeping them in longer and providing more options for creating income people can rely on in retirement. Here are some design elements plan sponsors are considering including. https://lnkd.in/eEKBQ-SS

Plan design is focused on getting employees enrolled sooner, keeping them in longer and providing more options for creating income people can rely on in retirement. Here are some design elements plan sponsors are considering including. https://lnkd.in/eTAGpTK8

Plan design is focused on getting employees enrolled sooner, keeping them in longer and providing more options for creating income people can rely on in retirement. Here are some design elements plan sponsors are considering including.

Plan design is focused on getting employees enrolled sooner, keeping them in longer and providing more options for creating income people can rely on in retirement. Here are some design elements plan sponsors are considering including.

Plan design is focused on getting employees enrolled sooner, keeping them in longer and providing more options for creating income people can rely on in retirement. Here are some design elements plan sponsors are considering implementing.

87% of workers believe reviewing retirement savings during open enrollment is crucial, only 44% plan to assess their contributions, says a survey by Corebridge Financial and Morning Consult. Terri Fiedler, President of Retirement Services at Corebridge Financial, urges employers to use open enrollment periods to encourage retirement planning. Readc more: https://hubs.la/Q029Xrsg0 #retirementplanning #employeebenefits #pension #openenrollment

It is very important for the most modest income savers (referenced here) that are paying nearly no, or no, current income taxes to make their contributions Roth instead of traditional. I've encountered situations where savers are deferring into a taxable situation when they could be saving (and distributing) tax-free. Many plan advisors never address this issue since these lower income participants are outside their target market for wealth management services.

Auto-escalation, also known as automatic increase or automatic contribution escalation, is a feature in retirement savings plans that systematically increases the percentage of an employee's salary being contributed to the plan. The main purpose of auto-escalation is to boost retirement savings over time, helping individuals to accumulate a larger nest egg for their retirement years. Read more by visiting: https://lnkd.in/d4Ktyi-u #financestrategists #learnfinance #financegoals #financeblogger #financecoach

Are you frustrated with the current retirement savings system? In our latest blog, we delve into the downfalls of the current system as well as possible solutions, including Savvly! Please see the Savvly website for disclosures. https://hubs.la/Q02DVp3F0

Ready to level up your retirement planning? Cash balance plans are emerging as the solution the market is looking for. As traditional pension plans have dwindled in popularity, and 401(k) plans have taken their place, today's savers are seeking options that give them the best of both worlds. When paired with a 401(k) plan, a cash balance plan gives savers the tools to maximize their retirement savings. Check out these benefits: 🔷 They're tax efficient. 🔷 They're ERISA protected. 🔷 They're flexible. But by far the biggest benefit is the ability it gives workers to stash away piles of cash for their futures. #retirementplanning #401k #cashbalanceplan https://hubs.ly/Q02DXtKx0