Retirement income

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

Ensure their contributions don't exceed the limits to avoid a penalty tax.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.

In addition to increasing the age limit for required minimum distributions, the bill also makes it easier for employers to unite and form joint retirement plans.

Congress is considering open MEPs, fiduciary safe harbors and tax incentives as ways to incentivize employers to roll out retirement plans.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.

A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.

A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.

Even if employers’ concerns are exaggerated, fear of fiduciary responsibility keeps them from offering lifetime income products.

Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.

Facing a difficult math problem of planning for retirement, advocates are exploring a path to lifetime income without traditional annuities.

Asset reserves are projected to become depleted in 2035, a year later than previously estimated.

One state has two of the top three cities in terms of boomer debt.

Inadequate retirement savings plans and sky high healthcare costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired.

A proposal to increase payroll taxes is facing opposition from some lawmakers who believe millennial workers cannot afford to bear the brunt of higher payroll taxes.