Retirement

Benefits can be tailored to address student loan debt, and help put employees on track for retirement.

The move is expected to prevent fund leakage through opt-out rollovers when workers leave a job, industry experts say.

Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.

Small and midsize employers will be able to form or connect with associations to offer employees workplace retirement plans.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

Baby boomers expect Social Security to be their primary source for paying for retirement, while Generation Xers and millennials are looking at other means, says Wells Fargo.

Before saving for retirement, young employees are advised to pay down high-interest debts and build an emergency fund, an expert says.

Without measures to help workers avoid the decision to withdraw their savings, the proposed law is less likely to achieve the stated goals of its supporters.

The goal of employees achieving monetary well-being is enabling them to progress beyond the paycheck-to-paycheck cycle with adequate emergency savings.

The goal of employees achieving fiscal well-being is enabling them to progress beyond the paycheck-to-paycheck cycle with an adequate emergency savings.