Retirement Advisor

A new survey that measures customer satisfaction with investment firms found that satisfaction has improved overall, but investors aren't satisfied with the trading charges and fees that are being assessed.

Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement funds covering millions of public employees, according to a study released this week.

Illinois and Rhode Island are the most troubled when it comes to supporting their pension obligations, but they're not alone.

The cost of pensions and retiree health benefits are soaring at the University of California, increasing pressure to raise tuition and cut academic programs at one of the nation's leading public college systems.

Proposed cuts to retirement tax incentives will damage workers' retirement security, according to Brian Graff, CEO and executive director of the American Society of Pension Professionals & Actuaries.

A defunct electrical contractor in California has been ordered to restore nearly $571,000 to its 401(k) plan. The company placed money that should have gone into employee retirement accounts into the company's general fund instead.

Plan sponsors will have an opportunity to modify their disclosures over the next year, as even the Department of Labor admits its regulations have been spottily rolled out.

Even with their 401(k)s, Generation X-aged workers might be as much as $78,000 in the red when it comes to their financial needs in retirement.