Employers have moved away from offering pension plans with their defined benefits to offering defined contribution plans where the employee contributes from his or her salary and the employer may offer a matching contribution to a 401(k).
Longer life spans and paltry retirement savings are among the forces keeping older workers on the job longer.
A government report says most union pensions are stable, but some pensions face insolvency.
It’s time for you to have a conversation with your children and possibly your adult grandchildren about the life lessons you’ve learned about retirement.
Make it easy for those you trust to access a listing of your insurance policies, investment accounts, pension and Social Security benefits.
The temptation to retire early has to be vetted with a thorough financial plan that considers the expected and unexpected retirement income needs of the retiree.
Considering health care costs, a long-term care strategy and managing longevity risk, the goal of not running out of retirement income requires a lot of financial planning.
Blue ribbon panel releases proposal to reform military retirement plans and give service people with fewer than 20 years some benefits.
Sen. Tom Harkins’ proposal for a national savings plan got an A-, the best score, and so did the New Brunswick, Canada, plan for public employees.
The cost of financing military pensions could eclipse the cost of paying current personnel, a military financial expert points out. So how do we fix that?