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Retirement Planning

Transamerica Survey Points Out Need to Redefine ‘Retirement Readiness'

June 1, 2012
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More than half of Transamerica Retirement Survey respondents say they don't think they are building a sufficient nest egg—a percentage consistent for all ages of workers.
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LGBT Adults Better Prepared for Retirement, Survey Finds

May 30, 2012
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The median amount that LGBT survey participants have saved is $150,000, 17 percent, of the $900,000 they expect to need. The average American has saved about 13 percent of the anticipated needed amount, according to the Wells Fargo study.
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Young Workers on 401(k) Offerings: We Want Sure Things

May 14, 2012
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Gun-shy employees are keen on investments that provide guaranteed income, though there is little interest in diversification.
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Investment Executive Aims to Put Retirement Security on Election Agenda

May 10, 2012
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Putnam Investments' Robert Reynolds laid out a three-point plan—making Social Security solvent, providing employer savings programs to everyone who pays Social Security taxes and raising workplace savings rates to 10 percent—that he said should be addressed in every federal campaign.
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Study: Couple Retiring in 2012 Needs $240K to Cover Medical Expenses

May 9, 2012
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Of the $240,000 needed to cover a retired couple's health care expenses, Fidelity estimates 32 percent will go toward paying Medicare Part B and Part D premiums; 45 percent will be consumed by expenses not covered by Medicare; and 23 percent will be spent on out-of-pocket prescription drug expenses.
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Ending a Defined Benefit Plan Takes Shutdown Strategy, Experts Say

May 9, 2012
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Before a plan can be terminated, it needs to have all the funds necessary to pay benefits to employees. Once that happens, plan sponsors can start the process of shutting down the plan.
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Auto Enrollment in Place? Good, but Without Auto Increase, Disaster Lies in Wait

May 8, 2012
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Even with employer matches, automatically enrolled workers' annual savings doesn't hit the recommended minimum 10 percent of pay.
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Fidelity-ABB Ruling First in What Could Be String of Excessive-Plan-Fee Cases

April 19, 2012
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The case is significant because new federal rules that go into effect this summer will require 401(k) plan service providers—such as record keepers and investment managers—to report detailed fee information to plan sponsors.
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Rules for Retirement-Plan Fees Have Some Companies Scrambling to Comply

April 17, 2012
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Plan sponsors need provider fee information so they can give participants data on fees. This regulation comes in two waves: the first requiring plan sponsors to give participants plan and investment information due Aug. 30, and the second delivering quarterly information on fees and services to participants' individual accounts, due Nov. 14.
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Retirement Savings Tax Breaks Safe—for Now

April 17, 2012
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At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.
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