Posts

Two Reasons To Launch A Financial Wellness Program In The New Year

If you're considering rolling out financial wellness to clients in 2019, then you don't want to miss the start of the year to launch. Here are two practical, behaviorally-informed reasons why: Fresh Start Effect Experts view the start of…

Why Is Financial Wellness Stuck In An Educational Paradigm?

For decades, the retirement plan industry has focused on educating employees, with the hope that employees' newfound knowledge will lead them to adopt all the best financial behaviors. This longstanding belief, that educating employees leads…

Introducing the To Do Dashboard

We've just launched the latest enhancement to the Moneymap platform with our new employee To Do Dashboard. We developed the Dashboard with our partners at Duke's Common Cents Lab in order to take the complexity out of financial decision-making…

Why financial wellness will face a reckoning with employers

There's a very real danger that financial wellness programs will flame out with employers. That's because they are designed to educate, not change employee behavior. Without metrics to show behavior change (e.g. open a new 401(k), HSA, emergency…

3 Key Concepts Missing from Financial Wellness Programs

You already know that there's a ton of buzz around financial wellness. But what you might not know is that there are three key concepts that are completely missing from financial wellness programs. By not including these key behavioral economics…

How to Talk to Employees about Financial Goals

It's easy to feel overwhelmed by financial planning. According to a recent survey by T. Rowe Price, 18% of workers avoid dealing with their financial situation because it is out of control; among Millennials, the number bumps up to 25%. This…

Employees Want More Retirement Guidance

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American workers are expecting more help from their employers in regards to retirement planning, according to a new study from American Century Investments. The survey, which included responses from over 2,000 defined contribution plan participants,…