Retirement readiness

Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.

While these services are far from perfect, they are a useful way to start a conversation with employees planning for their post-work years.

Employers should concentrate on adopting measures that enable seamless plan-to-plan savings portability for participants, especially for employee accounts with less than $5,000.

While these services are far from perfect, they are a useful way to start a conversation with employees planning for their post-work years.

Benefit advisers have a definite role in helping employers take steps toward building a more financially-secure workforce.

Fiscal literacy isn’t taught in high school and colleges, so employers must counsel their younger workers about saving money.

Starting small, with financial checklists and cash flow worksheets, can have a large impact on plan participants.

Clients are advised to keep track of their financial information and have a trusted person who knows where to locate it.

Employees who have access to a workplace plan and start saving early are in the best position to retire when they finally reach the age of 65, says the EBRI.

One of the misconceptions is that payroll taxes should be raised and benefits should be cut considerably to save the program.

EBRI finds that employees with access to a workplace plan and start saving early on are in the best position when they finally reach the age of 65.

Kentucky, Louisiana and New Jersey are among the least-appealing places for employees to spend their post-work years, thanks to low scores in affordability, health-related factors and overall quality of life.

Advisors should frame health care costs as an annual expense rather than a lump sum, which is demotivating for investors, according to Vanguard.

Advisers must develop relationships with business owners to establish customized plans that work best for the needs of their employees.

Reasonable costs, healthy account balances and a high percentage of employee participants are attributes of great retirement plans.

Colorado, Idaho and Virginia are among the most-appealing places for retirees, thanks to their affordability, higher quality of life and numerous healthcare options.

Municipal bonds can be a more lucrative option for some retirement savers than comparable, higher-yielding bonds.

Ignorance is no excuse when it comes to a possible ERISA audit. Here are some hard truths to common mistakes sponsors have in their heads.

Ignorance is no excuse when it comes to a possible ERISA audit. Here are some hard truths to common mistakes sponsors have in their heads.

Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.