Financial wellness

Perceptions on relationships, health, and lifestyle have also changed.

“What this tool does uniquely is it takes the depersonalized delivery of benefits and really helps the individual determine how best to get the most out of their benefits,” says Voya’s Andrew Frend.

“We believe every single employee of a company should have access to advice,” says Stephen Ulian, head of institutional distribution at Bank of America.

Retirees can reverse their claiming decision, but not without considering one important caveat.

The accounts will be managed through Wealthscape, allowing advisers access to their client’s finances to help manage rising healthcare costs.

While many workers don’t have access to pension plans, annuities can provide a source of guaranteed retirement income and address longevity risks.

The wirehouse's investment bank is hoping the tool will give employees the resources they need to be smarter with money.

“If retention is an important factor for an employer, financial wellness is quite worth the investment,” one benefits consultant says.

When the going gets stressful, the stressed can go AWOL, leaving the advisor in limbo.

The number of health savings accounts has topped 25 million, and employer contributions also have increased after several years of decline.

New survey reveals low savings rates and poor financial literacy on retirement planning, but advisors can help.

Virginia and Colorado are among the most-appealing locations for retirees to spend their golden years, due in part to top scores in affordability, health-related factors and overall quality of life.

There really is such a thing as good advice badly given.

The life planning innovator hopes to spark hundreds of conversations aimed at building an ideal civilization.

The bank has expanded its financial advising benefit program from C-suite executives to employees who need help planning for their futures.

Terminating an advisor/client relationship isn’t solely at the discretion of the client.