Retirement

A new financial tool can help employers and advisors understand where people are and where they want to go – and then meet them there.

This income-driven repayment plan for student loans could cut some borrowers' payments in half or erase all remaining debt after 10 years for those who took out $12,000 or less.

Although the new law encompasses 77 individual sections related to retirement plans, the most relevant ones for the coming year include required minimum distributions, hardship withdrawals and student debt provisions.

Still, the good news seems to be driven mostly by the falling fortunes of boomer men, since they had long bouts of unemployment during the Great Recession, according to a new report.

The younger generation is setting some lofty retirement goals, but the good news is they're looking for help from advisors, who can provide both a long-term strategy and a short-term tactical game plan.

Still, plan sponsors should be wary of being "lulled into a false sense of security" as potential challenges remain in the year ahead, according to a new report.