For many employees, planning for retirement can be a delicate topic, as Americans are living longer and thus needing to assure that they have, indeed, saved enough money to live comfortably in their retirement. Admittedly, there are several options available, so we will list here some of the areas you may wish to review with a financial advisor specializing in retirement planning.
- 401K Design: There are five major points involved in assuring your 401K design is among the "best in class". These points include: Plan Design, Selection/Monitoring of Investments, Retirement Readiness Check, Fiduciary Responsibility and Plan Administration Concerns.
- Protection from The Unforeseen: Among the greatest challenges to an employee’s retirement plan is death or disability of the employee or his/her spouse.
- Supplemental Retirement Planning Options: Many companies now have tools employees can contribute to, after tax, to set aside additional funding for retirement.
- Retirement Health Care Funds: The staggering costs of health care often leads older employees to continue working longer. With the right tools, employees can set aside enough funds to meet regular healthcare expenses and to protect against devastating, healthcare-related costs.
At HR Solutions & Brokerage, LLC, their experienced consultants enjoy serving you and your needs with state-of-the-art benefits packages and retirement solutions. To learn more about how their retirement planning solutions can help both you and your employees, contact HR Solutions & Brokerage at their Lakewood, CO office today!