The DOL is seeking specific data from financial services companies that the companies say do not exist, so it will be hard to adhere to the June timeline.
Brett Horowitz shows how clients can gain tens of thousands of dollars in extra retirement income by applying little known Social Security Administration rules.
Workers under the age of 35, the generation most likely to depend almost solely on defined-contribution plans rather than the typical Social Security-savings-pension three-legged model, need to be diligent if they expect to save enough for retirement, a report by Northern Trust found.
Cerulli Associates announced that total assets in the U.S. retirement market, including public and private defined-contribution, defined-benefit and individual retirement account markets, increased 9.6% in 2010 to $15.8 trillion.