Retirement

Financial experts agree: Employer-sponsored 401(k) plans are one of the best retirement savings tools. Americans have $5.7 trillion invested in employer-sponsored 401(k) plans, according to the Investment Company Institute.

More employers are offering another retirement plan that will let you grow your savings tax free. But are they right for you? Our Senior Personal Finance Correspondent, Sharon Epperson joins us on set and informs us what you need to know more about a Roth 401(k) plan.

Only 8% of Americans think the government should do nothing to fix Social Security and that the program will stay “perfectly affordable.”

Here’s a look at what the leading candidates have previously said and done with regard to Social Security reform.

Ted Benna is best known as the ‘father of the 401(k).’ Our Bill Griffeth sat down and spoke with Benna on a range of topics from making 401(k) plans available to small businesses to designing a modern 401(k) plan for today’s economy.

Ted Benna is best known as the ‘father of the 401(k).’

About 40 years ago, he created a savings plan with employee pre-tax and employer matching contributions. Benna, a retirement benefits consultant at the time, based it off a provision in the Tax Revenue Act of 1978 — paragraph k of section 401.

If retirement legislation currently under consideration in Congress ends up becoming law, new options for your nest egg may show up in your 401(k) plan.

Hear what one company is doing to help employees save for retirement and help pay down student debt at the same time. Sharon Epperson reports.

When it comes to saving for retirement, is the traditional approach outdated? Win Smathers, a financial advisor at Shorebridge Wealth Management, gives us his pointers for alternative routes.

Americans are feeling more confident about their retirement but are there financial security really more secure? We speak with our senior personal finance correspondent, Sharon Epperson.

The latest proposal to expand the social safety net is a requirement that companies contribute a minimum amount to employees’ retirement accounts. Ylan Mui reports.

Some retirees who are worried about making their assets last through what could be decades of retirement are moving overseas. Low-cost living overseas can be a boon to a retiree’s budget.

The risk of needing long-term care won’t go away if you ignore it, said Marguerita M. Cheng, CEO of Blue Ocean Global Wealth. Here’s how to begin preparing.

How well you understand the ins and outs of Social Security entitlements could make a big difference in how much you receive over your lifetime.

Social Security is expected to be a major source of retirement income for baby boomers. However, there are a lot of misconceptions about how Social Security works and when you should take it. Sharon Epperson dispels some of the common myths that are out there.