Participants taking command of retirement
However, according to the Schwab poll, many find information on their 401(k) confusing and lack confidence on managing their retirement savings.
Financial planning
Benefits Think Mutual funds just fine for 401(k) plans
Mutual funds are the most frequently offered investment option in 401(k) plans. Should plan sponsors consider other types? Probably not.
ING research looks at retirements growing role
One-third of retirees confirmed they are experiencing a lower standard of living in retirement than in their working years, based on the monthly income they have to live on.
Appeals court holds prenup doesnt waive spousal rights to 401(k)
For financial advisers, this is a key point to discuss with married plan participants who wish to leave their employer-sponsored retirement account to a non-spouse.
Film chronicles retirement problem
Chad Parks and Andrew Meadows document Americas retirement crisis in their new film, Broken Eggs.
Debate over fees clouds real issue
The debate over active and passive management detracts from the fact that Americans simply arent saving enough for retirement.
Survey: Rising health costs causing employees to save less for retirement
Bank of America Merrill Lynch survey shows employees more focused on retirement goals but still falling short.
Low rates deal blow to retirement plans
EBRI analysis projects up to one-third of Gen Xers could run out of money.
Many lack retirement account, says survey
National Institute for Retirement Security releases survey results detailing lack of retirement accounts in the U.S.
Benefits Think Retirement across America: Lessons learned
Chad Parks outlines four lessons he learned while filming his documentary about America's retirement crisis.
Financial advisers gaining respect among participants
In a new survey, 47% are very satisfied with the information from professional advisers, up from 25% in 2011, while satisfaction with information from plan sponsors is down from 30% two years ago to 10% today.
Are annuities a bad idea for retirees?
Most households should not annuitize any of their wealth, according to a study from the Congressional Budget Office.
Millennials neglect retirement planning
The survey found that two out of three Millennials expect to retire by the age of 65, although nearly 70% have not started planning or saving for retirement.
Low rates deal significant blow to retirement plans
If interest rates remain low, more than one in four baby boomers and Gen Xers who otherwise would have had adequate retirement income are projected to run out of money in retirement.
Scorecard sees 401(k) participation improving
Bank of America Merrill Lynch reports 207 plans with auto-increase features, up 9.5% from the end of last year. Participants in those plans also rose, by 9.3%, from 115,703 to 126,537.
Health care expenses a retirement ‘wild card’
Just one in-nine employees nearing retirement are confident in their ability to pay health care expenses.
Projected retirement health care costs drop
A 65-year-old couple exiting the workforce in 2013 is estimated to need $220,000 to cover health care costs throughout their retirement, an 8% decrease from last years $240,000.
Benefits Think How to reduce employee cravings for 401(k) loans
Guest blogger Adam Miloro maintains the issue concerning 401(k) loans continues to be the lack of education surrounding them. Its true there are certain situations where taking a loan from ones retirement plan could make sense, he writes, but for many employees loans signify a much larger problem: living beyond one's means.
Fears of aging participants overstated
We may be jumping the gun, says one expert. While there is cognitive decline with normal aging, if we pull out people with brain disease, theres not enough of a decline for us to worry about older peoples ability to make financial decisions.
Fewer workers feel financially secure
More than a third of Americans say they dont feel financially secure, according to a survey from Unum. Moreover, the number of those who feel not at all secure is up from the last year. Women, meanwhile, feel more financially insecure than men.