Retirement

The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.

Employees will be allowed to put an extra $500 into their 401(k) next year.

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

Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.

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

Experts say plan sponsors should educate workers about the retirement program and explain how it can help them for prepare for post-work years.

The Disaster Tax Relied and Airport and Airway Extension Act provide both hardship distribution tax relief and more generous participation loan rules for those living in areas hit by recent disasters.

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.

Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.