In the past, most workers figured they'd be able to retire at the age of 65. But following 2008's financial crisis, the idea of working a few more years to recoup lost savings became commonplace.Read More
Participants in defined contribution plans should receive the first of two fee-disclosure notices by Aug. 30. This notice should include a listing of all the investments available in the plan as well as the options' fees and historical performance.Read More
Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.Read More
Savings totals are being crimped by lower wages and the time they've spent outside the workforce.
Only 18 of the 338 S&P 500 firms with pension plans were fully funded, according to the Standard & Poor's report. Read More
Some believe the league is tossing up a brick with reliance on annuities, calling it a 'solution of last resort.'
Although financial stress exists for a large number of employees, a recent survey indicates that more people are stashing away enough for life after work.
The Ford Actions Impacting Retirees Alliance hired a team of lawyers, consultants and accountants to review the proposal Ford made this month, and in a letter to its members, advised against accepting the buyout, the Detroit News reported.
Although the plan is a separate program from company retirement plans, sponsors often aren't telling their workers about it as a way to improve their benefits.