Retirement readiness

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

To make the most of their savings, workers should start funding their accounts as early as possible.

Many clients are “denying themselves today for fear of what could happen tomorrow,” an expert says.

Many pin the blame on stagnant or dwindling income, according to a new survey.

Aside from cutting spending and contributing to a Roth account, investors are also advised to sock away at least 10% of their annual earnings.

Plus, the average employee contribution rate reached 8.8% in the second quarter, up a full percentage point from a decade ago.

These clients will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.

Depending on where they live, retirees can expect their six-figure savings to last more than two decades, data shows.

Clients who retire early are more likely to experience bouts of anxiety and self-doubt.

Some managers have taken on more risk amid a decades-long decline in interest rates and slow global economic growth to meet long term targets.