Retirement

Michigan lawmakers continued votes Wednesday to potentially eliminate retiree health care coverage for future and some current members of the state Legislature.

Investors are not optimistic about their ability to build and maintain retirement savings, according to the September Wells Fargo/Gallup Investor and Retirement Optimism Index. Nearly two-thirds of investors65 percentsay they have little or no control at all over their retirement savings.

Stocks edged higher Wednesday after a trade group reported that the U.S. service sector continued to grow in September. Private company hiring also increased.

Republican presidential candidate Mitt Romney warned senior citizens Tuesday to beware of turning Social Security into a "Perry scheme."

State and local workers don't end up with more money at age 65 than their private sector counterparts, according to an issue brief by the Center for Retirement Research at Boston College.

For 2011, what is the maximum annual combined amount the employer and employee can contribute to a 403(b) plan for an employee?