Retirement Trends

Particularly new hires, whose defined benefit plans are likely to be less generous than their longer-tenured co-workers, are not preparing adequately for retirement, says report.

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Use of employer-sponsored programs has increased to almost half (49%) of all households, up from 39% in 2010, says report.

With women needing to reframe and reenergize their finances, they need a financial roadmap that's unique to their needs, says a report from Fidelity, which is kicking off a 4-week virtual event for women.

Many employees (40%) want access to advice from an investment professional, and 62% of employers say they're now offering investment access (up from 55% in 2021).

Only workers nearing retirement should consider making changes to their retirement savings plan – and employers should help, suggests report.