Retirement

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Leaving behind a forgotten 401(k) account has the potential to cost an employee almost $700,000 in foregone retirement savings over a lifetime.

While the inflation-fueled increase is much-needed for retirees, some experts say it is still inadequate in light of skyrocketing housing and health care costs.

Use of employer-sponsored programs has increased to almost half (49%) of all households, up from 39% in 2010, says report.

With women needing to reframe and reenergize their finances, they need a financial roadmap that's unique to their needs, says a report from Fidelity, which is kicking off a 4-week virtual event for women.

Many employees (40%) want access to advice from an investment professional, and 62% of employers say they're now offering investment access (up from 55% in 2021).

Only about 40% have a positive outlook about the U.S. economy over the next six months, compared with nearly 70% a year ago, a new survey from Grant Thornton finds.

To date, the federal program, which provides funding to severely underfunded multiemployer pension plans, has approved over $7.7 billion to plans that cover over 154,000 workers, retirees, and beneficiaries.