Every employee’s path to retirement is unique. Helping them prepare thoughtfully not only supports their financial well-being but strengthens loyalty, morale and your company’s overall culture.
If you are guiding employees toward retirement readiness, here are six key areas to focus on:
- Help Them Assess Their Financial Health
Encourage employees to regularly review their savings, retirement accounts and projected income to build a strong foundation for the future. - Help Them Estimate Future Expenses
Support employees in considering daily living costs, healthcare needs and unexpected expenses so they can build realistic retirement plans. - Encourage Evaluation of Health and Lifestyle Goals
Remind employees to think about how their health, hobbies and desired activities might influence their retirement timing. - Guide Them to Define Clear Retirement Goals
Work with employees to help them clarify what they want their retirement years to look like so their financial plans align with their personal goals. - Recommend Professional Financial Advice
Connecting employees to trusted advisors can help them stress-test their strategies and close any gaps in savings or coverage. - Support Phased Retirement Options
Consider offering flexible retirement pathways such as part-time work or consulting roles to help employees transition smoothly.
Helping your team navigate retirement planning thoughtfully not only empowers employees to feel confident about their futures, it also reinforces your company’s commitment to long-term support and employee well-being.