Retirement income

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Despite auto portability’s proven ability to cut 401(k) withdraws, a solution addressing leakage and the lack of seamless plan-to-plan asset mobility is missing.

Despite auto portability’s proven ability to cut 401(k) withdraws, a solution addressing leakage and the lack of seamless plan-to-plan asset mobility is missing.

Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.

Workers need to have saved a certain amount at a certain age to stay on track for securing their retirement.

Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.

To make the most of their savings, workers should start funding their accounts as early as possible.

“The big issue here is being able to maintain your standard of living,” an expert says.

These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.

In addition to generally offering poorly performing investment options, these accounts also stick participants with potentially high administration fees.