Retirement

Rather than chasing the rally, 401(k) investors opted for caution, choosing to rebalance toward stability.

The lawsuit alleged the bank shortchanged retirement savers and violated ERISA rules.

"Two in five workers are either deprioritizing retirement or unable to save at all," said Jessica Espinoza, national practice leader, retirement advisory, at NFP.

When asked about their top three priorities for the coming year, plan sponsors reported a near equal focus on financial wellness for participants (39%), followed closely by ensuring regulatory compliance (37%) and reducing costs (36%) in their plan.

Low costs for both renters and mortgage-paying homeowners make them economical spots for retirees to call home.

Women, older near-retirees, and younger retirees reporting the steepest drops in financial confidence.