More than seven months after the passage of the Tax Cuts and Jobs Act, many Americans are wondering if corporations will use their newfound capital to offer workers higher wages, enhanced benefits, and additional job opportunities. According to a new survey of senior finance executives, that’s exactly what many companies have in mind.
NEWARK, N.J., July 25, 2018 - Prudential Financial, Inc. (NYSE: PRU), and Babylist, the fastest-growing baby registry in the United States, launched a new strategic relationship to create a crowd-funded life insurance solution designed specifically for expecting parents, which is now available as an add-on to their baby registries. This is the first time a life insurance company has partnered with a baby registry.
NEWARK, N.J., July 24, 2018 - Most Americans don’t have enough savings to cover unexpected expenses, tempting many to make the costly mistake of raiding their workplace retirement savings plans. Using after-tax contributions to an existing retirement plan to build savings that can be accessed to cover emergencies could help, according to Prudential Financial, Inc. (NYSE: PRU).
Individuals who rushed to prepay property taxes after the passage of the Tax Cuts and Jobs Act may have saved some money in 2018—but that’s pennies compared to the long-term tax savings taxpayers should take advantage of before the TCJA’s individual tax provisions are expected to expire in 2026.
NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.
Fifty years ago, Philip K. Dick’s landmark sci-fi novel “Do Androids Dream of Electric Sheep?” envisioned a 21st century of androids, flying cars and space colonies. What happened? Sure, we have Android phones, but what about our flying cars?
NEWARK, N.J., June 26, 2018 - The “gig economy”—which includes everyone from rideshare drivers to freelance graphic designers—has become an important source of income for three generations of Americans: Millennials, Gen Xers and Baby Boomers. However, the financial wellness and retirement preparedness of these gig workers are far from assured—particularly for Gen Xers, according to a new research paper from Prudential Financial, Inc. (NYSE: PRU).
American workers rank retirement security above job security, taxes and the cost of college among the top issues they want congressional candidates to talk more about on the campaign trail this year, according to a new survey.
Growing awareness of how financial wellness programs benefit employees has driven rapid growth in plan adoption among employers. Now, they say big data could help measure results, customize programs and fill remaining gaps, according to a survey from Prudential’s Workplace Solutions Group, a business unit of Prudential Financial, Inc. (NYSE: PRU).
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