NEW YORK, Dec 3- Wal-Mart Stores Inc is sticking with Bank of America's Merrill Lynch unit to run its 401 program with $18 billion in assets, Wal-Mart confirmed on Tuesday. The average Wal-Mart employee has about $18,000 in their retirement account, according to BrightScope, which tracks and rates retirement plans.» Read More
Martin Mucci, Paychex president & CEO, discusses his company's prospects and what would happen if the Supreme Court actually overturned Obamacare. Sales are up for the first time in two years, he says.
April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals and the deadline for your 2011 IRA contribution is April 17, 2012.
The good news is Americans are living longer. But the worry for many retirees is that they'll outlive their savings.
The government wants to make it easier for workers to convert part of their 401(k) savings into an annuity that would pay guaranteed income checks for life — no matter the ups and downs in the markets.
For most of us, retirement will be the shortest, most challenging period of our lives and yet few are fully prepared for this life stage.
"Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits," says one financial planner.
Figuring out how much you'll need to retire — or how much you can expect to earn on your retirement dollars — isn't as simple as plugging numbers into an online calculator.
Brian Rogers, T. Rowe Price Chairman & CIO, shares his views on regulations, and investing now.
Beth McHugh, Fidelity vice president, discusses the outlook for retirement and the increase in 401K contributions.
New 401K options and greater transparency over fees are designed to give workers and retirees more control over their retirement savings, with CNBC's Sharon Epperson.
Whether you are twenty-something and in your first job or sixty-plus and and retired, there are steps you should be taking.
CNBC's Gary Kaminsky shares tips for re-balancing your 401K.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
Chip Castille, BlackRock, sheds light on the income shortfall more retirees are facing.
Americans are unprepared for retirement, so much so that it's reached crisis levels, according to a new survey of small business owners.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
Insight on why many small businesses have been scared away from starting their own plans for employees, with Chad Parks, The Online 401k president.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
Why target date funds will become largest 401k option in just a few years, with CNBC's Sharon Epperson.