retirement readiness – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 30 Aug 2024 18:20:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 20% of U.S. workers aren’t currently saving for retirement: survey https://www.benefitscanada.com/news/bencan/20-of-u-s-workers-arent-currently-saving-for-retirement-survey/ Fri, 23 Aug 2024 13:00:12 +0000 https://www.benefitscanada.com/?p=159141 A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more than 2,000 U.S workers, found nearly two-thirds (61 per cent) of men said they’ve been saving for retirement for a while, compared to 52 per cent of women. Across generations, […]

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]]> Survey finds U.S. employees’ average retirement savings decreases in 2024 https://www.benefitscanada.com/pensions/retirement/u-s-employees-average-retirement-savings-decreases-in-2024-survey/ Thu, 22 Aug 2024 13:00:29 +0000 https://www.benefitscanada.com/?p=159367 The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its five-year peak of $98,800 in 2021, according to a new survey by Northwestern Mutual Life Insurance Co. The survey, which polled more than 4,500 U.S. adults aged 18 or older, found a third […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-95/ Fri, 16 Aug 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=159257 An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 70% of Canadian workers say flexibility key to job satisfaction: survey 2. Only a quarter of Canadian employees […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-94/ Fri, 09 Aug 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=159060 An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What should employers know about Quebec’s pension legislation? 2. Ontario’s new regulations for publicly advertised jobs providing transparency for job-seekers: expert 3. Canadian […]

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]]> Head to head: Is it time to retire the term ‘retirement?’ https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-is-it-time-to-retire-the-term-retirement/ Fri, 09 Aug 2024 12:59:04 +0000 https://www.benefitscanada.com/?p=158571 One actuary says social and technological factors are changing the concept of retirement, while another notes the fundamentals remain the same. Michel St-Germain, retired actuary, fellow and past president of the Canadian Institute of Actuaries Yogi Berra once said: “The future ain’t what it used to be.” Millennials will be retiring in 25 years, but not […]

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]]> 51% of U.S. pre-retirees, retirees delaying retirement, returning to the workforce: survey https://www.benefitscanada.com/news/51-of-u-s-pre-retirees-retirees-delaying-retirement-returning-to-the-workforce-survey/ Mon, 05 Aug 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158822 Half (51 per cent) of U.S. pre-retirees and retirees say they’re considering either delaying or coming out of retirement, according to a new survey from F&G Annuities & Life Inc. The survey, which polled more than 2,000 adults aged 50 and older and who have more than US$100,000 in financial products/savings, found among respondents who […]

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]]> 64% of Americans wish they’d started saving for retirement earlier: survey https://www.benefitscanada.com/news/bencan/64-of-americans-wish-theyd-started-saving-for-retirement-earlier-survey/ Mon, 29 Jul 2024 13:00:29 +0000 https://www.benefitscanada.com/?p=158448 Nearly two-thirds (64 per cent) of Americans say they wish they’d started saving for retirement when they were younger than age 25, according to a new survey by Voya Financial Inc. The survey, which polled more than 1,000 Americans adults, found more than half said they started saving for retirement when they were between ages 18 […]

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]]> 51% of U.S. women entering peak retirement years have less than $100k saved: survey https://www.benefitscanada.com/pensions/retirement/51-of-u-s-women-entering-peak-retirement-years-have-less-than-100k-saved-survey/ Thu, 25 Jul 2024 19:00:16 +0000 https://www.benefitscanada.com/?p=158361 Half (51 per cent) of women in the U.S. aged 65 who are entering their peak retirement years have less than $100,000 saved, with the percentage rising (67 per cent) among single women, according to a new survey by Artemis Strategy Group on behalf of non-profit the Alliance for Lifetime Income. The survey, which polled more than 2,500 consumers between […]

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]]> 83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey https://www.benefitscanada.com/news/bencan/83-of-u-s-workers-concerned-increasing-cost-of-living-inflation-will-make-it-harder-to-save-for-retirement-survey/ Fri, 05 Jul 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157719 A majority (83 per cent) of U.S. workers say they’re concerned the increasing cost of living will make it harder to save for retirement and more than three-quarters (78 per cent) are concerned inflation will stay high, according to a new survey by the Employee Benefit Research Institute and Greenwald Research. The survey, which polled […]

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]]> 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

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