Retirement

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.

Preston Rutledge, who has years of federal government service experience, ‘is not a divisive figure' and is expected to seek bipartisan input on topics such as the fiduciary rule.

The Employer Participation in Student Loan Assistance Act provides incentives for organizations trying to help workers with school debt.

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.