Even if they bite the bullet and stay on the job well past retirement age and late into their 70s, most Baby Boomers and the Gen-Xers who follow them will not have enough savings to cover their basic retirement expenses and out-of-pocket health costs.

DC plan consultants expect that future markets will be as volatile as they have been in the recent past, and offer lower returns. That’s why they view asset diversification and custom target-date strategies as key elements to successful defined contribution schemes for retirement income planning, according to plan consultants that the Pacific Investment Management Co. surveyed last December and January.

As the target-date fund industry works to raise its standing with investors, a recent Vanguard survey finds that much of that work might already be done.

In a year of upheaval, these women stood out for their leadership, their coolness under pressure, and their continued drive to innovate.

The 25 Most Powerful Women in Banking is U.S. Banker's annual tribute to the professional achievements, personal tenacity and influence of top-performing financial executives in 2008.

Omni Community CU sweetens annual rebate with chance to double cash-back reward