Defined Contribution

While Washington twiddles its thumbs, the market moves on with a drip, drip, drip

Generation X employees struggle the most financially and are more likely to dip into their retirement savings than the Baby Boomers or Millennials.

Unable to overcome a stalemate on the state's $97 billion pension crisis, Illinois Gov. Pat Quinn and legislative leaders have agreed to form a bipartisan committee to hammer out a compromise and to reconvene the Legislature for another session in July.

401(k) participants investing in mutual funds tend to hold lower-cost funds, according to the ICI.

Target-date funds have been a boon to the investment industry, but some big changes could be on the way.

While most retirement industry experts agree that workers should limit the loans they take out from their 401(k) plans, one certified financial planner thinks that in some rare cases, taking a loan from your retirement plan can be a good idea.