Retirement

The Investment Company Institute says that the memory of panacea pension plans is a myth, and today’s investors are not doomed to destitution with their 401(k)s.

Investor optimism has fallen sharply from its year high in May, according to a new poll. A majority currently fear outliving their retirement savings.

A recent survey suggests that millennials are highly motivated to make retirement saving a priority, but they find DC plans overwhelming and complex.

With the cost of a private nursing home room running $90,000 a year, many retirees are considering giving all their money to their children in order to qualify for Medicaid. Aside from being a serious financial risk, it shines a bright light on the lack of awareness of long-term care insurance.

A new tool allows investors to take a glimpse into their age-tattered future, which a recent university study says encourages more savings.

Fidelity Investments reports that 48% of baby boomers anticipate retiring with some kind debt — regardless of whether or not they expect a pension.

In a new study, only 14% of those aged 55 and older say their top financial priority is the accumulation of maximum wealth; far more want to save enough to have peace of mind.

According to a new report, defined contribution plan participants often contribute less and withdraw more than industry expectations, lowering performance.

The number of pre-retirees who feel very prepared to exit the workforce is dropping, according to a new study, and those counting on working later may be in for the rude awakening of a lifetime.

“Investors are concerned about rising health care costs, and they should be,” says one expert with T. Rowe Price, noting that medical expenses topped a list of surveyed respondents’ recent concerns.