Retirement

Many retirees kept their financial assets for at least 20 years after retiring, according to a study by the Employee Benefit Research Institute.

Regulatory changes and tax savings opportunities make these retirement vehicles particularly well-suited to small companies like law firms and medical practices.

The supermarket giant is the latest retailer to add the perk in an effort to retain and attract employees in a tight labor market.

A Roth IRA is an excellent savings vehicle for older people as it is for younger clients.

Reasonable costs, healthy account balances and a high percentage of employee participants are attributes of great retirement plans.

Plan sponsors should inquire about their adviser’s compensation, professional credentials and educational background, says retirement expert Robert Lawton.

Prudential plan participants can now use Amazon’s digital voice assistant to keep track of their savings progress.

Advisers and plan sponsors should include this important tool in their analytical toolbox.

Employees have to change their retirement goals and strategies over the years, starting off heavily in stock allocation while in their 30s.

Employees have a choice of speaking with either a live financial planner or access virtual advice in a forthcoming fiscal health service.