Confidence in the ability to afford a comfortable retirement remains at the same record low level recorded in 2011, and is slightly lower than last year, according to the Employee Benefit Research Institute, which has conducted the study the past 23 years.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
Investors should review whether they made any rash moves to trigger potentially unnecessary tax bills.
Two leading California Democrats want to create a state-run retirement savings program for an estimated 6.7 million private-sector workers whose employers do not offer pensions or 401(k)s.
The Department of Labor’s new rule that has the potential to lower 401K fees, is a victory for those who’ve fought for more transparency.
A new policy by the labor department now requires businesses to better clarify fees companies collect on 401k plans. Click to Listen