If your employees are like most other workers in the U.S., it is highly likely that they are not saving enough for retirement. In fact, studies show that among all generational groups, many people will need to work much longer than expected to make up for those shortfalls. Then there is the increasing cost of healthcare that can threaten your employees’ savings and keep them from reaching their financial goals.
How can employers help employees achieve their savings goals, both now and as they prepare for retirement? One answer may be to do more to provide the kinds of benefits — including HSAs and 401(k)s — that can help them save for healthcare and retirement. Here are three tips you can use as you approach your employees about saving for healthcare and retirement.