Retirement

No question about it the recession hurts. But women will heal faster from the economic turmoil than men, according to a Bank of America research note.

Workers around the world expect to retire at 61, a survey of 31,359 people by AXA Equitable found. In the U.S., people expect to retire at age 63.

The $1 million figure that is frequently cited as the silver bullet needed to enjoy a comfortable retirement is actually attainable, Consumer Reports found in a recent survey of 24,270 online subscribers age 55 and up.

Assets in U.S.-listed exchange-traded funds and exchange-traded products surpassed $1 trillion for the first time, reached $1.027 trillion on Dec. 16, reports BlackRock.

Americans are significantly more concerned about future expenses than paying off existing debt or paying their current bills, according to a poll conducted in October by InCharge Debt Solutions.

More Americans plan to consider financial resolutions when the clock strikes midnight on Dec. 31, a new Fidelity Investments survey finds.

The more education a person has is strongly correlated with how confident they are about their retirement and their ability to save and plan for it, according to the 11th Annual Transamerica Retirement Survey.

Baby Boomers are set to inherit $8.4 trillion, and have already inherited $2.4 trillion, according to The MetLife Study of Inheritance and Wealth Transfer to Baby Boomers. Overall, two-thirds of Baby Boomers stand to receive some inheritance in their lifetime.

For younger employees the possibility of an enjoyable retirement is dwindling. According to a study by Aon Hewitt, Generation Y workers can expect stagnant wages, job insecurity and a steady decline in pension plan and retiree medical benefits.

BB&T Bank’s institutional division has added a fixed-annuity option to its 401(k) product, which is called ClearCourse. It’s a Genworth fixed annuity guaranteeing its buyers lifetime income stream.