SECURE 2.0 Highlights

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The importance of beneficiary designations

Do your worksite employees know the implications of naming a minor as a beneficiary — or what happens if they don't name a beneficiary at all? Helping worksite employees understand the beneficiary basics ensures their ADP TotalSource Retirement Savings Plan (the “Plan”), insurance policy benefits, other retirement account assets, and Health Savings Account (HSA) funds go to the right...

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Navigating the effects of inflation

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Checking in on the baby boomers

65 has long been the magic number for many Americans when it comes to retirement age and almost 10,000 baby boomers turn 65 every day. The famed generation, defined as those born between 1946 and 1964, is causing something of a stir as they reach retirement age in droves. According to the United States Census Bureau, in 2020, the U.S. population over...

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