The Takeaway: Anxious Investors Day Trading Retirement Savings

While most Americans with 401(k)s or individual retirement accounts embrace a “set it and forget it” philosophy, some anxious retirement savers are getting increasingly aggressive with their investments, according to the Los Angeles Times. Worried about the toll the past decade has taken on their savings, Americans nearing retirement are day trading mutual funds and stock options in a bid to make up for lost time.

The Takeaway: Retirement Pessimism Goes Global

A new survey conducted by Dutch insurance company AEGON shows retirement pessimism extends far beyond American borders. Participants from eight European countries and the United States showed similarly dismal views on their ability to save and plan for retirement securely. Only 15 percent of workers said they are confident they’re on the right track with retirement savings; 71 percent believe future generations will be worse-off in retirement than current retirees.

The Takeaway: Future 401(k)s Will Look More Like Old-School Pensions

More 401(k) plan sponsors are offering to pay benefits in a form that guarantees a set level of monthly income, regardless of how long you live. And more employers are beginning to offer these plans, Time’s Dan Kadlec reports. “Before long your 401(k) may look a lot more like your dad’s pension,” writes Kadlec. That’s a good thing. Traditional pensions that pay a set monthly income to retirees, based on their wages and length of service, were once the foundation of retirement. Along with …

The Takeaway: Three-Quarters of Minority Retirees Struggling Financially

The majority of Asian, African American and Hispanic retirees in the United States struggle to cover basic living expenses, according to new research from the non-profit Wider Opportunities for Women (WOW).

The Takeaway: Workers Would Trade Pay for Better Retirement Benefits

Would you trade some of your pay for better retirement and health care benefits? A new survey from HR-consulting firm Towers Watson found more than half of U.S. workers would.

The Takeaway: How Much Does Retirement Really Cost?

How much money will you need in retirement? Yes, it’s a big””and complicated””question. Many retirement planning exercises start by asking you to figure out how much income you’ll need to replace after you stop working. But looking solely at income isn’t enough, says the Employee Benefit Research Institute (EBRI). A new report from the nonprofit research group considers the intersection of income, expenses and savings in retirement.