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The Road to 15%: Helping Employees Navigate Toward Retirement Readiness
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Many advisors recommend saving 15% of pre-tax earnings, including any employer match, to prepare for a secure retirement — but to accomplish this, timing is crucial. According to Forbes, savers need to begin by age 35 to retire comfortably by age 65; to retire by age 62, they’d need to get started by 25. Looking  Read More →
How Employers Can Help Close the Racial Retirement Wealth Gap
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
Recent research conducted by Economist Impact highlights a significant discrepancy between white and Black workers’ retirement confidence. While half of white respondents feel confident about retiring by the federal retirement age, only 39% of Black survey takers share this sentiment. Older Black workers (ages 51-64) face even greater uncertainty, as they’re the least likely to  Read More →

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