Retirement Trends

The good news? It had a banner year last year, with almost a 13 percent return on investments for 2012.

More than half of those surveyed said they are putting away the same amount now as they were a year ago. Of those remaining, 18 percent said theyve increased their savings rate and 17 percent have decreased it.

EBRI finds that just 33 percent of future retirees expect Social Security to be a major share of their income in retirement.

The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection, the largest municipal filing in U.S. history and a move aimed at wiping away billions of dollars in debt.

Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama's first term. Three years later, amid delays and compromises that critics say have diluted its ambitious goals, the president is trying to rekindle the law's promise.

LIMRA found that total annuity sales were $56.5 billion in the second quarter, or 9 percent higher than in the first quarter.