Retirement

The pending implementation of the Department of Labor's new rules on fee disclosure was one of several topics that had hundreds of financial advisers, consultants, fiduciaries, IRA experts and record keepers gathered in the Big Easy, at the American Society of Pension Professionals and Actuaries 401(k) Summit buzzing with nervous anticipation.

Aging baby boomers got some jolting news on Monday when the U.S. government said the Social Security retirement program is on track to go bankrupt three years earlier than expected if reforms are not made.

Usually, when people talk about someone "going through a stage" they are talking about a toddler or a teen. But there's another age at which people go through a key transitional period, also marked by angst and rebellion: Call it pre-retirement.

Working Americans households probably will experience a potential income drop of 28% in retirement, and 38% retiree households report not having sufficient enough income to cover monthly expenses. This is according to new research from Fidelity today that shows retirement income gaps could force significant sacrifices among workers retiring tomorrow and in 50 years.

Despite recent tax reform proposals, experts testified at a House committee hearing Tuesday that cutting the incentives for retirement plans would be detrimental to savings in this country.

After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high adviser fees.

Young people plan on working well into retirement — not necessarily due to financial need, but because they want to stay active and involved. This is according to new survey results from T. Rowe Price, showing that 69% of respondents between the ages of 21 and 50 plan to work either part-time or full-time during their retirement years. Among those who plan to work at least part-time, most (75%) will do so because they want to stay active and involved; only 23% believe they will do so because they will not have saved enough money.

Confidence in retirement security is shaky with only 36% of baby boomers saying they have enough assets to live comfortably in retirement, according to a new study.

Most American investors mistakenly believe that target-date funds provide guaranteed income in retirement, among other misconceptions of how the instruments work, the SEC found in a recent investor survey.

Most American investors mistakenly believe that target-date funds provide guaranteed income in retirement, among other misconceptions of how the instruments work, the SEC found in a recent investor survey.