Retirement

Many pension plans are facing financial woes, with many of them reducing pension payouts to their beneficiaries.

Increased financial wellness efforts, greater automation and recordkeeper consolidation should be on benefits professionals’ radar.

Plan providers must find ways to differentiate their services to be part of advisers’ go-to lists.

Underestimating longevity is one of the blunders that clients should sidestep when preparing for retirement.

Some of that confidence stems from the presidential election in November, Wells Fargo/Gallup research finds.

Clients should consider switching to a Roth IRA or Roth 401(k) as investment growth and distributions are not subject to tax.

More than 8 in 10 young employees say they plan to work into retirement, which indicates a “fundamental shift.”

Employer role in these retirement savings plans is growing, says attorney Christine P. Roberts.

Although clients pay taxes on the contributions they make, they can still expect tax savings as their money grows tax-free and future distributions are exempt from taxes.

Plan providers must find ways to differentiate their services to be part of advisers’ go-to lists.