New report finds that Gen Z is setting aside more earnings for retirement than any other generation.

"There has been a meaningful reduction in state pension funded status. The number of states that were above 90% as of the end of 2021 was 17. We are projecting for 2022 that it's going to be down to just seven," says Anthony Randazzo, executive director of the Equable Institute.

According to a new report, those who work their entire careers as teachers and leave at retirement age enjoy solid retirement benefits – and most everyone else does not.

Here are the pros and cons of the most popular 401(k) and IRA options for small businesses.