Defined Contribution

The White House threw its weight behind a DOL proposal to make it harder for brokers to push higher-fee mutual funds or other expensive products on people saving for life after work.

The White House memo said abusive trading practices cost investors $8 billion to $17 billion a year.

It says setting aside 1 percent more in a household making $60,000 a year amounts to saving $50 per month, which can mean $270 in retirement income per month.

For early baby boomers on the verge of retirement, the savings deficit for married households is $19,304 per individual.

A new memo written by a high-powered New York law firm outlines purported roadblocks the DOL's rule would pose to Americans ability to retire.

The largest civil construction company in Florida and a Colorado-based medical equipment maker are now Pru Retirement clients.