Retirement planning

For employers with more customized design elements in place, tailored administrative assistance may be the way to go.

A retirement savings wave that has been rolling stealthily across corporate America is gaining momentum.

The government should promote universal access to retirement savings and give workers more options for the spend-down phase of retirement, according to the study.

Safe harbor 401(k)s and cash-balance options can often maximize contribution levels while saving plan sponsors’ tax money.

The government should promote universal access to retirement savings and give Americans more options for the spend-down phase of retirement, according to the study.

Employees will be allowed to put an extra $500 into their 401(k) next year.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

Experts say plan sponsors should educate workers about the retirement program and explain how it can help them for prepare for post-work years.

The Disaster Tax Relied and Airport and Airway Extension Act provide both hardship distribution tax relief and more generous participation loan rules for those living in areas hit by recent disasters.

An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years, according to UBS.

This person in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years.

Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.

In one year, Betterment for Business has helped the company increase plan participation by more than 60%.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.

For employers with more customized design elements in place, retirement advisers may be wise to suggest tailored administrative assistance.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Retirees can change their Part D prescription-drug plans, Advantage plans, and/or switch from traditional Medicare to Medicare Advantage during open enrollment, which ends Dec. 7.