Redefining retirement to the tune of $1.8 million in savings

Younger retirement savers estimate they will need $1.8M -- but they're currently not on track to reach it, despite their desire to retire early.

By Alan Goforth | January 21, 2022 at 04:49 PM

Younger generations are realistic about the amount of money they will need to fund a comfortable retirement. However, many are falling short in saving enough each month to meet their objective.

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Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

By Lynn Cavanaugh | November 20, 2024

Target date funds with built-in retirement income payment features, as well as required minimum distributions, offer a way for retirees to receive income directly from their 401(k)s, according to a new IRIC paper.

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

By Lynn Cavanaugh | November 20, 2024

Auto-IRAs increase coverage of retirement plans because most states require that employers to either enroll their employees in the state plan or offer their own plan such as a 401(k), according to Gusto research.

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Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

By Lynn Cavanaugh | November 19, 2024

The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.

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Building a Secure Future: Strategies for NDT Compliance, Nonqualified Plans, and a Thriving Workforce link

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Redefining retirement to the tune of $1.8 million in savings

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

1 5 commonly offered benefits that miss the mark, and how to improve them

2 Why employers should consider ACA reporting solutions

3 States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

4 Florida women arrested in alleged $1.1M false claims case against Aetna

5 America's health insurance market: A rigged game?

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

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Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Instant Insights /

Redefining retirement to the tune of $1.8 million in savings

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

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1 5 commonly offered benefits that miss the mark, and how to improve them

2 Why employers should consider ACA reporting solutions

3 States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

4 Florida women arrested in alleged $1.1M false claims case against Aetna

5 America's health insurance market: A rigged game?

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Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

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