People coping with elderly parents in failing health face tough decisions. But there are warning signs indicating when loved ones should step in.

Tess Vigeland and economics editor Chris Farrell discuss the possibility of more transparency on 401(k) fees. Plus, callers ask questions about supporting retired parents and the pros and cons of uprooting a family for a new job.

My husband and I have had term life insurance since we married. Now that our children are on their own, I'm considering canceling my life insurance. Is this "penny wise and pound foolish"? We no longer depend on my income to pay bills. What other reasons are there for keeping term life insurance? Jane, Shorewood, WI

Planning for retirement isn't easy. The Society of Actuaries has a retirement series that tries to give you a framework for thinking through the key decisions.

I will be 66 in June but want to continue working for 3 or 4 more years. (I am a college professor.) I am in the position of being able to take my social security check and put the full amount each month in a pre-tax IRA so I would not have to pay taxes on it. Am I better off doing this or should I delay taking it until I am 69 or 70 and get a larger amount each month? Thanks, Hal, Cullowhee, NC

Tess Vigeland is joined by Chris Farrell, Marketplace Money's economics editor, to answer listener questions.

It's underappreciated how well one large cohort of aging boomers should do financially during the traditional retirement years: the college-educated stalwarts of the feminist movement.

The uncertainty is unavoidable, but you can come to a more reasoned savings decision by starting from a different place than market history and investing insight. Forget about investing and asset allocation. Think about your job and your career instead. Are you a stock or a bond?