Retirement

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.

An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.

Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.

The limit on deductible contributions to health savings accounts will jump by $50 for individuals and $100 for families next year.

Ensure their contributions don't exceed the limits to avoid a penalty tax.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

As much as 46% believe Medicare will cover the costs of long-term care.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.

In addition to increasing the age limit for required minimum distributions, the bill also makes it easier for employers to unite and form joint retirement plans.

Congress is considering open MEPs, fiduciary safe harbors and tax incentives as ways to incentivize employers to roll out retirement plans.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

Assisting employees with their finances is a powerful way to recruit and retain top talent.

Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.

Employee retirement contributions soared 15% from last year, Fidelity Investments says.

Assisting employees with their finances is a powerful way to recruit and retain top talent.

A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.

By learning to recognize the common challenges that plague nonqualified retirement plans, employers can look for red flags in their own plan management — and plot a corrective course of action.

A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.