The presidential election and health care costs are driving 90 percent of Americans to change the way they save and invest their money.

State-administered defined benefit retirement systems saw a 14.6 percent increase in cash and investment holdings from 2010 to 2011, but their pension obligations also increased.

Even without regulatory guidance, plan sponsors are already beginning to offer lifetime income options as enticements to their defined contribution plans.

A high percentage of defined contribution plan participants only spend about five minutes reading disclosures they receive from financial companies.

Forty-three percent of small business owners say they do not plan to retire and of those who intend to retire, 72 percent plan to work part-time in retirement.

Hiring Wall Street companies or consultants for public pension plans hasn't done much for outcomes, according to the Maryland Policy Report, a study by the Maryland Public Policy Institute and Maryland Tax Education Foundation.

Those with full-time jobs have been successful at their retirement planning, with 83 percent contributing to a 401(k) plan, according to Fidelity.

The American Institute of CPAs will host a webinar Tuesday afternoon dealing with long-term care options and the outcome if people do not consider the effects debilitating events could have on their lives without a long-term care plan in place.