Retirement income

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

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

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

Without measures to help workers avoid the decision to withdraw their savings, the proposed law is less likely to achieve the stated goals of its supporters.

Employees have to increase their risk exposure to ensure they don’t outlive their savings.

Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.

Those with 1099 income have several tax-advantaged options.

“They’re looking at their future and saying, ‘If I pay taxes today, I could potentially have more tomorrow,’ ” one expert says.

The state says the program makes it easy for employers to comply with upcoming retirement benefit laws.

Careful planning can help prevent workers from shrinking their benefits based on misperceptions.

Providing automatic savings accounts can keep employees from using retirement funds in a crisis.

Target-date funds can help risk-averse young workers ease into investing.

Providing automatic savings accounts can keep employees from using retirement funds in a crisis.

Employer-provided resources, including online retirement calculators, may lead employees to increase their annual contributions and improve spending habits.

Target-date funds can help risk-averse young workers ease into investing.

"The world of Social Security is so different from the world of employer benefits," one benefits consultant says.

Dual-income couples benefit less from Social Security.

"The world of Social Security is so different from the world of employer benefits," a benefits consultant says.

Savers can expect investment returns through compounded growth as long as they don’t lose from a market downturn.

There are many misconceptions that can lead to financial hardships in retirement.