A digest of timely information and insight about finance, investing, and retirement.

Here’s how long $1 million in retirement savings will last in your state | Yahoo

Would $1 million really last you through your entire retirement? That all depends on where you choose to live out your golden years according to a new study. Find out how Colorado stacks up against the other states.

Health care costs could eat up your retirement savings | Bloomberg

According to experts at Fidelity, health care costs are going to eat up a substantial amount of your retirement savings. And if you think waiting until age 65 when you reach Medicare eligibility is going to save you—think again.

OMB approves delay of fiduciary rule to mid-2019 | Pensions & Investments

Federal officials seeking to delay the implementation of a rule designed to compel financial advisors to act in the best interest of their clients were successful in delaying its implementation. Although the decision by the White House’s Office of Management and Budget won’t prevent the rule from being implemented eventually, this is a major defeat for proponents. [Read more about the federal rule as it was first introduced in April 2016.]

Why saving for retirement is getting harder, and what you can do about it | Consumer Reports

It’s no secret that the trend to 401(k) plans from traditional pensions has put more pressure on individuals to save enough for retirement. Combine that with recent moves by the federal government to roll back rules that might have made saving easier, and the retirement landscape has never been more treacherous. Fortunately, there are still some common-sense steps you can take to make your financial future more secure.

401(k) saving harder at lower incomes | Squared Away Blog

Saving for retirement is no picnic even for upper-middle-income earners who have access to workplace retirement savings plans. A new study sheds light on just how difficult it is for those in the lower- and middle-income brackets to save through 401(k) plans. The study from researchers at the Stevens Institute of Technology and the New School for Social Research sheds some light on how things like temporary unemployment, poor health, and divorce—all circumstances that hit lower-income earners the hardest—affect retirement plans.

Wall Street is failing to protect seniors from fraud, say regulators | Time-Money

An international group of investment regulators say the industry isn’t doing enough to keep elderly investors from falling victim to scams. According to a new survey from the North American Securities Administrators Association, 75 percent of those who responded said financial firms could be doing more to protect older clients. And a near-unanimous sentiment among those surveyed was that when fraud does take place, it goes on for far too long. Colorado is one of only 13 states that have enacted laws designed to encourage financial advisors to report fraud when they see it happening.