2012 could be a big year for pension plan terminations, according to Vanguard Strategic Retirement Consulting. Many sponsors of frozen defined benefit plans are considering terminations because the Pension Protection Act of 2006 reduced regulatory stumbling blocks related to offering lump-sum payments.

The economy and jobs still tops the list of issues Americans care most about, but concern over health care ranks second.

A bipartisan group tasked with cutting Illinois' Medicaid budget by $2.7 billion failed to come up with a plan by a deadline this week and now Gov. Pat Quinn intends to move ahead with his own proposal, committee members said Wednesday.

On April 17, Chad Parks, the founder and CEO of The Online 401(k) embarked on a six-week, 6,000-mile journey across the U.S. to raise awareness about the impending retirement crisis.