While 78% of millennials and 70% of all workers eligible for employee-paid workplace benefits said they were more likely to work for a company that offered the benefits, only 49% of those eligible actually took part in them, according to a survey conducted by Voya Financial.
The benefits offered were insurance programs typically covering critical illness, hospital indemnity, and income lost through disability or accidents.
The survey found that 31% of those eligible for benefits admitted they do not fully understand any of those they selected during their most recent open enrollment period. A previous Voya survey found that 73% of those who are benefits eligible are interested in support and guidance tools that help them understand how much money to put aside for retirement, emergency savings and health care expenses.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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