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Rising Financial Stress Threatens Retirement Security for Many U.S. Workers

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A recent CNBC Your Money Survey has shed light on a growing concern among Americans: rising financial stress and its direct impact on retirement savings. While a majority, or 57%, are still contributing to retirement plans, a significant portion of the U.S. workforce seem to be missing this investment opportunity.

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. Financial stress impacts worker well-being, both mentally and physically Financial wellness and literacy are critical for the economic stability and peace of mind of employees.

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When to Retire from Your First Career and How to Plan Your Next Move

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Besides being at the top of their respective game at one time or another, all three second-guessed their initial decision to retire. You might not knock on your former company’s doors months after blowing out the candles on your well wishes in retirement cake. Here’s how to know when it might be time to retire from career No.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. A financially content, non-stressed employee stays at their employer longer,” he says. “We Such benefits can yield significant results.

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4 Smart Money Moves to Plan for Financial Security

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Besides all the external factors that have essentially set them up for, well, failure (think the Great Recession and the COVID-19 pandemic), only 16% of millennials can be considered financially literate, according to George Washington University’s Global Financial Literacy Excellence Center. Start a retirement plan.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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As a freelancer, it’s essential to ensure you know what to expect, so you don’t accidentally wind up with a huge tax bill. So, keeping up with all of the new rules about standard deductions, tax credits and other requirements can make anyone’s head spin, especially if it affects how much you have to pay. Every dollar counts.

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