More than 85 percent of millionaires are self-made and their path to wealth, financial outlook and goals greatly impact their investment behaviors, according to a new Fidelity Investments report.
Automatic enrollment and escalation are helping participants save, but education about these features needs to be more personalized to get people to buy in, according to a new survey.
Global events such as the worsening Euro Zone crisis and slower growth rates in China and India had a negative impact on global consumer confidence in the second quarter.
The Great Recession devastated retirement accounts across the country, but those suffering the most are the ones who lost their jobs or were forced to take lower-paying ones to make ends meet.
Individuals who had control over two retirement plans in Columbus, Ohio, owe the plans more than half a million dollars and were ordered by a federal judge to pay the money back.