Fred Reish

Advisers are not required to find the best investment for clients -- only what is considered in their best interest.

Longer life expectancies and the individual responsibility for retirement savings are combining to challenge conventional thinking and to re-shape the relationships between employers and their older employees. Check out five significant practical benefits for plan sponsors.

Longer life expectancies and the individual responsibility for retirement savings are combining to challenge conventional thinking and to re-shape the relationships between employers and their older employees. Individual retirement savings, primarily through 401(k) plans, are now being evaluated in terms of benefit adequacy and secure monthly income in retirement. Increasing life expectancies mean that workers must save enough to last for 20 to 30 years of retirement . . . if they retire at 65. …