Experts point to U.S. census projection, which show that the number of people aged 65 and older will more than double between 2012 and 2060, from 43 million to 92 million.

The household sector held $1.62 trillion in municipal bonds in the fourth quarter of 2013, down from $1.647 trillion in the previous quarter and the lowest since $1.58 trillion in the first quarter of 2006.

The edited volume explores research on several aspects of behavioral finance and examines the role of psychology, sociology, neurology and other related fields in how and why people behave around money.

In a speech in Mexico City Wednesday, Fisher highlighted concerns that the Fed's policy stimulus is creating asset-price bubbles that "may result in tears" for investors acting on bad incentives.

The U.K. requires all employers to auto-enroll their uncovered workers, with the right to opt out.

It says the double tax on contributions to 401(k) plans and the misguided $3 million cap on the value of retirement benefits do not close any loopholes or curb any abuse.

The survey also asked consumers whether they prefer to "live for today" or "plan for tomorrow," and found that those who adopt the former approach were more likely to use their refund to pay off debt, spend it on everyday living expenses or vacation than those who had the latter...

The Federal Reserve's promise that it will keep key policy rates low for a substantial period of time is likely to convince investors this year, but that may change next year, said Pimco founder, managing director and CIO.