Retirement

Workers want more diversified options for how to spend money traditionally accumulated in workplace retirement accounts, a study by financial services group Alexander Forbes finds.

They can direct the payments to fund life insurance that they can use for estate taxes, charitable gifts and leave as a legacy for their loved ones.

Less volatility, lower litigation risk and greater simplicity are reasons for embracing this strategy, says adviser Robert Lawton.

Eli Broverman, who will remain on company’s board, says he plans to focus on other startups.

Among workers age 60 and older, 50% intend to wait to retire, or have no plans to retire at all,

There are many steps advisers should take to help employees identify their financial goals and save accordingly.

These inquiries are guideposts for how employers can begin an evaluation process of target date fund offerings.

Retirement looks bleak for many Americans and the Trump administration does not seem to be part of the solution, according to this opinion article.

The new Supreme Court Justice takes a disciplined, cautious approach and rejects expansive views of employment laws, explains lawyer Mark Phillips.

Employers need to help fix flawed plans by helping participants routinely consolidate their savings.