Behavioral Biases Can Lead To Irrational Decisions

Imagine a situation where you must make one of two choices: Accept a guaranteed $50 gain or Opt for a coin toss with a chance to win either $100 or zero dollars. Now let’s flip this around. Your two required choices are: Accept a sure $50 loss or A coin toss where you could either lose $100 or nothing at...

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Part Five: How Can You Support Your Employees?

Today’s diverse workforce is an interesting and sometimes challenging blend of three different generations: Millennials, born 1980 – 2000, Generation X, born 1965 – 1979, and Baby Boomers, born 1946 – 1964. Generational savings—similarities and differences When it comes to saving money in general, there are some similarities across generations. Roughly three quarters of Millennials, Gen Xers and Boomers are saving...

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How You Can Help Your ‘Baby Boomer’ Employees Prepare for Retirement

The Baby Boomer generation—the roughly 65 million Americans born between 1946 and 1964—have had profound effects on every life stage they have passed through. Their sheer numbers will reshape the definition of retirement for years to come. What are the “Boomers” thoughts and expectations as they near retirement age? According to the Insured Retirement Institute’s 2018 update on the retirement preparedness...

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Help Your Employees Gain Confidence and Control Over Their Finances

There is no shortage of resources for improving physical fitness and wellness. We are all bombarded with articles, tools and apps encouraging us to eat healthier, exercise, and reduce stress with mindfulness techniques. But what about our financial wellness? Voya has been asking American workers if they feel financially fit and what financial wellness means to them. They found that...

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