Financial Education Archives - Word on Benefits

Educating DC Plan Participants for the Long Hike to Retirement

Kathy Bergstrom, CEBS

16 Apr 202416 Apr 2024

Many years ago, I visited Grand Canyon National Park with my mom and aunt. It was unseasonably hot, but I wanted to walk down into the canyon on the Bright Angel Trail. My companions were not up for the hike, so I […]

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Student Loan Repayment and Financial Wellness Benefits: What’s New?

Anne Newhouse

19 Mar 202426 Mar 2024

Student loan repayment has been more top-of-mind in recent weeks with President Biden’s announcement on February 21, 2024. The Department of Education emailed 153,000 borrowers that student loans were being discharged for those enrolled in the Saving on a Valuable Education (SAVE) […]

Employee Benefits Financial Education Financial Education (Canada) Financial Education (U.S.) Financial Wellness U.S.

The Dangers of Credit Illiteracy: Three Takeaways for Employees and Organizations

Amanda Wilke

09 Nov 202309 Nov 2023

Forty-five percent of employees find their debt level overwhelming. It is always on their mind, weighing them down, creating mental and physical health implications. Much of the struggle comes from employees not understanding how credit and debt work together. Credit is the […]

401(k) Plans Employee Benefits Financial Education Financial Education (U.S.) Regulatory Retirement SECURE 2.0 U.S.

Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0

Jenny Gartman, CEBS

31 Aug 202331 Aug 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […]

401(k) Plans Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness SECURE 2.0

Student Loan Repayment Benefits: What Are The Options Now?

Jenny Gartman, CEBS

22 Aug 202322 Aug 2023

With the federal student loan relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (loan paydown) or 401(k)/403(b) matching under the SECURE Act 2.0 of 2022. Federal student loan payments resume in […]

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Decumulation Challenges and Solutions for Plan Members: Three Takeaways

Amanda Wilke

29 Jun 202329 Jun 2023

Decumulation, the concept of income for life, can be considered “the nastiest, hardest problem in finance,” according to William Sharpe, a Nobel prize winner in Economics. The concept is challenging because the uncertainty of someone’s lifespan makes it difficult to know what […]

Benefits Magazine Education Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness

Magazine Extra: 7 Questions to Ask Before Rebooting Your Financial Wellness Plan

Guest Contributor

22 Jun 202307 Sep 2023

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analysis on the latest benefit trends and compliance issues. Visit ifebp.org/benefitsmagazine to see the latest Magazine Extra as well as the bimonthly print […]

Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness

That’s the Way Financial Caregiving Goes

Stacy Van Alstyne, CEBS

06 Jun 202306 Jun 2023

One of my good friends recently asked me to go to a Janet Jackson concert with her. I weighed the thrill of dancing along with Janet to the memorized choreography of “Miss You Much” versus a good night’s sleep. A good night’s […]

Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness

Q&A’s for National Financial Capability Month

Anne Patterson

25 Apr 202325 Apr 2023

For the past several years, the International Foundation has strategically focused on the topic of financial well-being, including how employers can provide financial education to their workers—the goal being, of course, to help ensure the financial and retirement security of workers and […]

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Three Trustee Actions During Market Volatility

Jenny Gartman, CEBS

10 Apr 202310 Apr 2023

Recent bank failures and resulting market volatility have captured headlines in recent weeks, and many individual investors reacted quickly. However, when it comes to fulfilling their fiduciary duty in the face of unexpected news, trustees should remain calm to avoid costly investment […]