Retirement

The average score of correct answers was 47%, and only 5% of respondents earned a grade higher than C.

With nearly half of retirees saying medical costs is their biggest concern, employers are beefing up voluntary benefits and promoting HSAs to help employees prepare for their post-work years.

Lawmakers are considering scrapping individual deductions, including tax breaks for certain plan contributions.

Employers should reach employees where they are by incorporating solutions to current financial problems into the retirement saving process.

A self-service cloud-based platform aims to simplify retirement savings and increases participation.

Those who expect to stay longer on their jobs could be hurting their prospects, as many people are forced to retire early because of health issues.

Younger workers are closing the savings gap due to design features and qualified default investment alternatives like target-date funds or managed accounts.

Reach employees where they are by incorporating solutions to current financial problems into the retirement saving process, says adviser Mark Singer.

In the face of growing concerns over medical costs, companies should plan a comprehensive health and wealth strategy for employees in retirement or risk losing talent.

One step is to avoid investing the money that they will need within a five-year period.