Retirement readiness

As workers live longer, employers need to help them save for their post-work years.

Younger workers think cash is the best long-term investment. Unsurprisingly, they’re not seeing good returns.

Many are following the example of corporations by instituting defined contribution or hybrid plan options for new hires and by freezing their old plans.

As American live longer, planning for their post-work years require greater care and urgency.

More small companies would be encouraged to offer retirement savings plans to their employees under a proposed bill.

Plan sponsors should inquire about their adviser’s compensation, professional credentials and educational background, says retirement expert Robert Lawton.

Health savings account participants are more engaged in their healthcare decisions but still see HSAs as ways for reducing medical expense.

Many retirement investors are including target-date funds in their 401(k) plans, but this strategy may not be a smart move.

Seniors should have socked away at least 10 times their salary in their retirement accounts by the time they retire to secure their golden years.

The firm’s new product, Fidelity Personalized Planning & Advice, gives plan sponsors another way to help employees save more for retirement.