Ben Steverman
Personal finance reporterBen Steverman is a personal finance reporter at Bloomberg.
Ben Steverman is a personal finance reporter at Bloomberg.
While experts agree automatic 401(k) features will help workers' retirement readiness, employers still remain skeptical – with many chalking their concerns up to added plan costs.
Most investors, including wealthy ones, end up better off with a mix of assets in traditional and Roth accounts, a new study finds.
Almost 20% of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the U.S. enacted Medicare.
With strategic federal-level assistance for retirement still lagging, states including Illinois, California and Oregon have stepped in with their own automatic IRA plans to boost employee savings.
Many employees may not be aware they have the option of a Roth 401(k), and those who do often don't have any idea which to pick -- the traditional 401(k) or the Roth 401(k).
For a decade, a new kind of mutual fund has been taking over Americans retirement portfolios. The target-date fund is designed for people with no knowledge of investing.