Retirement readiness is a growing concern for both employees and employers. Many workers are unsure whether they will have enough savings, while employers recognize the benefits of a financially secure workforce. For brokers, this presents an opportunity to move beyond traditional benefits offerings and become strategic partners in retirement planning.

The Retirement Readiness Challenge

Many employees struggle with understanding retirement savings options, determining contribution levels, and navigating investment strategies. This uncertainty can lead to delayed planning, lower participation in employer-sponsored plans, and financial insecurity later in life. Employers who provide strong retirement benefits and education can improve workforce stability and productivity.

How You Can Help:

Educating Employees: Brokers can offer workshops and resources to explain retirement savings options like 401(k) plans, Roth IRAs, and the importance of early, consistent saving. Providing clear, accessible information empowers employees to take control of their financial futures.

Personalized Planning Tools: SAVVI's decision engine helps employees visualize retirement outcomes, project income and expenses, and understand the impact of different contribution levels. These tools integrate retirement planning with broader benefits strategies to encourage informed decision-making.

Optimizing Retirement Plans: Brokers can advise employers on plan features that boost participation, such as automatic enrollment and matching contributions. They can also recommend investment options that align with employees’ risk tolerance and goals, ensuring a well-structured retirement plan.

Tax-Smart Strategies: Understanding the tax benefits of pre-tax vs. Roth contributions is crucial. Brokers can help employees maximize tax-deferred or tax-free growth and develop strategies to minimize taxes on retirement income.

SAVVI equips brokers with powerful tools to enhance retirement planning. By integrating benefits selection with financial projections, SAVVI helps employees make well-informed decisions that support long-term financial security.

By taking a proactive approach, brokers can help companies create a financially secure workforce while strengthening their own role as trusted advisors. With the right strategies and resources, employees can gain confidence in their retirement planning, leading to greater stability and success for all. Contact us to learn more about how we can support your planning efforts. Click here to schedule a 15 minute chat. Or simply call 781-583-7017 or email at sales@savvifi.com.

‍