Workers in more than half of U.S. households will likely be unable to retire at 65 at the same lifestyle they enjoy today, a new study says. The Center for Retirement Research at Boston College says its latest analysis of household financial status shows 51 ...

MY RETIREMENT PLAN: ALICIA MUNNELL, 66

Alicia Munnell, director of the Center for Retirement Research at Boston College, admits she has yanked money out of her 401(k) to pay for big purchases, such as a child's honeymoon. "Whenever the kids needed something, I would take money out," says the 66-year-old management professor. "I'm supposed to be smart ...

The high cost of long-term health care will drag down the quality of life for nearly two-thirds of today's retirees. It can cost $77,000 a year for a nursing home room and $20,000 for in-home care, expenses that many people are ill prepared to absorb, said ...

Retirement accounts already battered by a steep market decline may get hit again as several companies suspend or reduce their 401(k) match to save cash. Workers at General Motors Corp. and Frontier Airlines Holdings Inc., for example, could potentially lose thousands of ...