401(k)

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.

An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

In addition to increasing the age limit for required minimum distributions, the bill also makes it easier for employers to unite and form joint retirement plans.

Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.

Consolidating retirement accounts using auto-portability can protect data.

Even if employers’ concerns are exaggerated, fear of fiduciary responsibility keeps them from offering lifetime income products.

Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.

Consolidating retirement accounts using auto-portability can protect data.