Retirement

Under a state senator's proposal, employees and their employers would have to contribute to a system similar to a 401(k) where their money is invested and their retirement payment depends on their total investments when they retire.

Despite a slow rebound by the economy, many employees continue to be concerned about their ability to retire and are taking steps to get their financial houses in order.

Looking ahead to a post-retirement future and the safest withdrawal amount to maintain their savings, still-working employees have a better sense of how to pre-load to get to a financially safter spot.

Prudential Investments named a new president. Stuart Parker succeeded Judy Rice in the position. Rice has assumed the role of chairman of the company until her retirement at the end of 2012. Prudential Investments is the mutual fund and wealth management business of Prudential Financial Inc.

Quite a few of the top 25 fastest-growing fund managers for last year came from boutique firms, according to Strategic Insights Simfund database.

Chad Parks founded his company in 1999 with one goal in mind, to make 401(k) plans accessible to small businesses. As the industry enters 2012, the CEO of The Online 401(k) believes there are five changes afoot in the 401(k) marketplace that will play a pivotal role in the industry...

Though the recession has weakened returns and made saving harder for families, many people still aren't taking full advantage of 401(k) benefits. But is a $1 million balance possible for an employee making $35,000 a year? Perhaps.

While traditional pension plans were seen as a benefit on top of employee salary, today's employers factor 401(k) contributions into the overall salary equation.