The lawsuit claimed MIT got millions of dollars in donations from financial giant Fidelity Investments while allowing the firm to charge workers excessive fees.
The Obama-era policy allowed states to offer retirement savings plans. Retiree and worker protection groups say the state-designed plans benefit employees of small businesses that lack 401(k) plans.
You've saved up enough to quit working. Congrats! But here's a new puzzle: figuring out how to enjoy retirement without blowing your savings too soon, when you don't know if you'll live 5 years or 25.
Participating in a 401(k) with automatic deductions makes it fairly easy to put away money. But what can you do if your employer doesn't offer a retirement plan? Experts share tips on going it alone.
The Treasury Department has launched a new type of retirement account that allows people to save without taking risks or paying fees. The myRA program is designed to encourage workers to start saving.
Picking someone to help you plan for retirement can be challenging. The fees can add up quickly. But a good adviser can help protect you from your instincts when markets turn volatile.
High fees are eroding the retirement savings of millions of Americans, but employers who shop around can find better options for their 401(k) plans. A small Minnesota firm offers a dramatic example.
Finding a good financial adviser can be tricky. Their investing strategy, fees and how they charge them come into play. Wharton economics professor Kent Smetters offers tips on selecting an adviser.
About half of workers in the U.S. have no retirement plan on the job. State-run, IRA-type programs are increasingly popular, with at least 20 states introducing legislation to create these programs.