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Financial Wellness: Holistic Planning Today for Retirement Tomorrow

Sponsored By Bank of America Merrill Lynch

Topics:: Employee Benefits & Human Capital > 401(k)

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Abstract:: The recent economic downturn has crystallized a problem that has been building for years: many people haven't saved enough for retirement. Compounding the problem, fewer and fewer employers are able to offer defined benefit plans, matching contributions, and other benefits due to cost. Yet concerned employers want to help prepare their employees for retirement while also considering their overall financial health. Many of those employers are rethinking their benefits programs to include components such as targeted education programs, savings vehicles, and actionable advice tools. While these financial wellness-focused programs can range from basic to robust, all are designed with the same goal: to provide a way to help employees develop their own holistic financial strategy so they are better prepared to manage both everyday expenses and long-term goals.

DETAILS

Sponsored by: Bank of America Merrill Lynch

Released: March 03, 2010

Length: 6 pages

Format: PDF (600 kb)

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