Financial Wellness Archives - Word on Benefits

Implementing a Practical Financial Wellness Program

Anne Newhouse, CEBS

14 Nov 202414 Nov 2024

The global workforce is rapidly changing due to a complex combination of trends, including an aging population, an increased reliance on technology, changes in customer and individual preferences, and flexible work opportunities, to name just a few. These global changes are also […]

401(k) Plans Benefits Magazine Defined Benefit (DB) Plans Defined Contribution (DC) Plans Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness Investments U.S.

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 […]

Communication Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness Legislative Regulatory U.S.

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

Anne Newhouse, CEBS

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) […]

Canada Communication Employee Benefits Financial Wellness Health Care U.S. Voluntary Benefits Wellness

Supporting Lower Income Employees

Guest Contributor

26 Jan 202413 Feb 2024

Many employers have increasing numbers of lower income employees who may struggle with day-to-day issues of transportation, housing, food insecurity and inadequate health care. Employers can support lower income workers with benefits such as health care navigation and quicker access to pay. […]

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

Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward

Guest Contributor

30 Nov 202330 Nov 2023

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […]

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

From Debt to Zen: Transforming Financial Stress to Financial Serenity

Tim Hennessy

20 Nov 202320 Nov 2023

As 2023 comes to an end, many Americans are struggling to achieve the goal of living without financial liabilities as credit card debt in the U.S. hit a new record high, surpassing $1 trillion, according to the New York Federal Reserve Bank. […]

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, CEBS

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.) 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 […]

Canada Defined Benefit (DB) Plans Employee Benefits Financial Education Financial Education (Canada) Financial Wellness

Decumulation Challenges and Solutions for Plan Members: Three Takeaways

Amanda Wilke, CEBS

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 […]