Retirement

More than 10,000 people are now retiring each day, but this figure could fall by close to 2,500 people in the next few years.

How two very different types of employees can reap the benefits of using health savings accounts as a way to save for the long term.

Even among those who had some savings, people say they commonly lacked financial knowledge and were uncomfortable making investment decisions.

Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.

Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.

Retired Sears workers want to create a committee to protect their interests after a retiree died shortly after his life insurance was canceled.

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.