Defined contribution plans such as 401(k)s and 403(b)s form the vast majority of retirement accounts in the U.S., and a report released Wednesday by Vanguard aims to help consumers, plan sponsors and consultants make better decisions when structuring them.

Vanguard’s inaugural How America Retires report analyzed internal company data on retirement plans and industry trends to highlight the challenges faced by current and prospective retirees.

The report noted that more than 4 million Americans will be turning 65 this year. And while the long-term trend of baby boomers reaching the common age of retirement is peaking, members of details ⇒

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