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FSI president Dale Brown says the report reinforces Americans' need for professional financial planning to help save their retirement futures.

IRI Joins nearly 30 other financial services groups in written testimony to the House Ways and Means Committee, asking for support of retirement tax benefits.

The "Strengthen Social Security" campaign says rumors of the program's demise are greatly exaggerated; a $2.7 trillion surplus is on the books at present.

American Airlines heads to federal court Monday to convince a bankruptcy judge that to survive, it must break labor agreements that workers fought decades to win.

Illinois Gov. Pat Quinn will propose that workers who get state pensions pay more toward their retirement and accept more modest cost-of-living increases when he lays out ideas Friday for cutting an $85 billion funding problem in the pension system, lawmakers said.

Morgan Keegan and Co. Inc. has agreed to pay $633,715 to 10 pension plans covered by the Employee Retirement Income Security Act.

The IRS and the Treasury Department would like to issue guidance relating to the applicability of the normal retirement age rules to government plans.

On April 17, Chad Parks, the founder and CEO of The Online 401(k) embarked on a six-week, 6,000-mile journey across the U.S. to raise awareness about the impending retirement crisis.