Estimates for the return-on-investment from financial wellness programs vary. One source puts the savings at $50 per employee per year for every incremental (1 to 10) increase in average financial fitness. Another says programs return $3 for every $1 invested.
'The [new tax law] will likely stimulate investment and encourage domestic and foreign companies to do business in the United States,' write Tyson (above) and Mendonca. 'But the increase in the growth rate will fall far short of one percentage point (or more).'
'Incorporating the latest tax code and social security calculations, Income Strategy goes far beyond currently available retirement calculators,' claims William Meyer (pictured) about his new income planning software.
Germany, like the U.S., has a retirement plan coverage problem. A new law, for the first time, allows employers and workers to set up U.S.-style defined contribution plans. But the plans lack the guarantees to which German workers are accustomed.
Because Congress insisted on producing the new tax bill in less than two months, JCT, IRS, and Treasury were overwhelmed and did not complete a proper complexity analysis, writes our guest columnist, a former Social Security official.
Mr. Blunt joins Blackstone after 13 years at New York Life, where he most recently served as president of the Investments Group.
RetireUp acquires RepPro, Northwestern Mutual hires Lori Brissette from USAA and invests in ClientWise; Eversheds Sutherland starts a catastrophe relief fund for its employees; Robert P. Regnery and Kenneth R. Van Damme II rejoin Ernst & Young; and a group of Harvard and Yale professors have won the TIAA Institute's Paul A. Samuelson Award for a research paper.