Retirement scan

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Seniors might get the policy again if they decided to drop it, but the rules "aren’t really super specific about what should happen in this situation,” one expert says.

Seniors might get the policy again if they decided to drop it, but the rules "aren’t really super specific about what should happen in this situation,” one expert says.

The government should promote universal access to retirement savings and give workers more options for the spend-down phase of retirement, according to the study.

The government should promote universal access to retirement savings and give Americans more options for the spend-down phase of retirement, according to the study.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years, according to UBS.

This person in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years.