Now that retirement plans are required to disclose their fees, it's up to participants and their financial advisors to wade through the information to find out what the costs of their plans really are.
May is Older Americans Month. John F. Kennedy first designated May as Senior Citizens Month in 1963. The name was changed by President Jimmy Carter in 1980 to celebrate those who are 65 and older.
The California Public Employees Retirement System (CalPERS) Pension & Health Benefits Committee approved new actuarial policies this week aimed at returning the system to fully funded status within 30 years.
Well over half of defined contribution participants who are over the age of 50 say they are interested in a guaranteed income option in their 401(k) plan.