divorce

The Unique Retirement Planning Considerations for “Single Saver” Employees
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
It’s been widely reported that the marriage rate among Americans has declined sharply in recent decades. According to the Census Bureau, 60.8% of households were headed by married couples in 1980. By 2024, that figure had fallen to 47.1%. Divorced, widowed, or never partnered singles can face retirement planning challenges that differ from their married  Read More →
When It Comes to 401(k) Beneficiaries: Where There’s a Will, There Isn’t Necessarily a Way
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
Beneficiary designations are a critical yet often neglected aspect of retirement plans. Many participants mistakenly believe that their retirement plan assets will be distributed according to their will or trust. However, retirement accounts are governed by their own rules, meaning the named beneficiary on the account will typically inherit the funds, regardless of other estate  Read More →
Understanding Social Security Nuances: Spousal, Widowed, and Divorced Benefits
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
It’s no secret that Social Security can seem very complicated, even for your, normal retirement benefit.  Layer on any life-complexities and some may feel like they need a doctorate to understand it all! Cue our friends at MFS, who prepared several FAQ documents to help clear up the confusion around Spousal Benefits, Benefits for Widows  Read More →

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