Retirement

Many Gen Xers do not have enough retirement savings even as they approach their peak earning years.

The insurance brokerage firm will contribute $100 a month before increasing payments by $25 each subsequent year.

Employees who converted traditional IRA assets into Roth last year can still undo the conversion this year if they are going to pay more in taxes than what they were supposed to gain

Convincing younger workers they need to prepare for their post-work years can be a challenge. Here’s how adviser can reach their distracted clients.

Benefit are usually expected to replace about 40% of their pre-retirement income, but that's an average, so many workers will get even less. The question is: how much less?

Flush with money, firms took a proactive approach in 2017 by contributing discretionary amounts in order to satisfy objectives beyond the government-mandated minimum.

When employees are distracted by financial pressures, productivity dives. Here’s how advisers can help their clients mitigate the effects.

Employees should consider limiting their traditional 401(k) savings, as the plans provide taxable distributions that can boost their tax bill in retirement

Younger employees need coaxing and encouragement to save for the future.

Younger employees need coaxing and encouragement to save for the future.

Despite the recent market downturn, workers should remain invested in their employer-sponsored 401(k) plan.

Employers should auto-enroll employees, offer health savings accounts and provide financial education online.

The insurance giant will increase the minimum contribution to its defined benefit pension plan, auto-enroll and auto-escalate its 401(k) deductions and offer employer-sponsored legal services.

A decline in income as a result of the death of a spouse and an increase in medical expenses both pose a serious risk to retirement but can be curbed with proper planning.

Advisers are not required to find the best investment for clients -- only what is considered in their best interest.

The company will increase the minimum contribution to its defined benefit pension plan, auto-enroll its 401(k) plan participants and offer employer-paid legal services.

To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.

Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities, says benefits lawyer Carol Buckmann.

Plan sponsors should keep in mind that while the coverage isn’t legally required, it’s needed protection if breach accusations occur.

Employees who intend to invest in an IRA and make the most of the account should determine which of a Roth and a traditional IRA will best suit their needs.