Retirement planning

Employees are more productive and happier when employers show an interest in their financial wellness, a new report shows.

A look inside the University of Pittsburgh’s recent multi-year initiative to transform retirement communication and boost financial literacy.

The financial services company is part of a larger trend of employers offering the financial benefit.

Benefits can be tailored to address student loan debt, and help put employees on track for retirement.

The move is expected to prevent fund leakage through opt-out rollovers when workers leave a job, industry experts say.

Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.

Small and midsize employers will be able to form or connect with associations to offer employees workplace retirement plans.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

Before saving for retirement, young employees are advised to pay down high-interest debts and build an emergency fund, an expert says.