Defined Contribution

Workers are feeling more optimistic about their retirement prospects and more confident they can achieve their retirement goals, according to a new Charles Schwab study.

The extent to which an employer's current plan meets these objectives dictates whether it might be time to consider a new more modern plan design.

Many employees (67%) believe their employer has a responsibility to help with financial planning because "if that's where my nest egg is, that's where my financial planning should come from," according to a recent EBRI webinar.

Complex terminology can confuse retirement plan sponsors and participants, who must understand these differences in order to make informed decisions that secure financial stability.

The Institutional Retirement Income Council has released a new paper that recommends plan sponsors provide retirement income projections to plan participants, calling it an important element of retirement preparedness.

In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam off of an overheated US economy. But higher borrowing costs have also had some unexpected effects.