Fidelity: Retirement account balances are down from a year ago but rebounding
Research from Fidelity Investments found that Americans' average IRA and 401(k) balances were down at the end of last year compared to a year ago but are rebounding.
Rising inflation pushed Americans to pick between paying their bills or saving for the future: Allianz
Continued market volatility in the U.S. economy caused many Americans to report that they had to cut down on saving for the future, according to a recent Allianz survey.
Retirees lost 10% of their savings in 2022, survey says
Inflation and market volatility has had a significant impact on retirees' savings, research shows. Here’s what you need to know.
'Sandwich generation' survey says Americans caring for children and aging parents are financially stressed
Sixty-six percent of Americans caring for kids and an aging parent said they are at least "somewhat stressed" about the costs of those responsibilities, a Policygenius survey said.
35% of millionaires say retiring securely will take 'miracle'
Some millionaires are anxious about retiring, with 35% saying doing so securely will take a "miracle," according to a survey from Natixis Investment Managers.
Contributions to retirement savings accounts reached all-time high amid COVID-19 pandemic
Savings contributions increased, hitting an all-time high and Roth 401(k) accounts have grown more popular. Here's how to determine the best savings plan for you.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
Secure 2.0: More part-time workers will be eligible for 401(k) plans
Part-time employees who’ve worked two consecutive years and completed at least 500 hours of service each year can enroll in their company's 401(k) or 403(b) plans, beginning in 2025, as stated in the Secure 2.0 Act. Here’s what it means for you.
Secure 2.0 Act: Required minimum distribution age increases for IRAs
The required minimum distribution age (RMD) has increased from 72 to 73, meaning Americans can leave their investments in longer before needing to make withdrawals. Here’s what you need to know.
Most Americans don't know their life expectancy; that's a problem in retirement planning
A critical part of saving for retirement is figuring out how long the money needs to last. But most Americans do not know their life expectancy – and that worries researchers.
Social Security benefits can be taken to pay student loans in default
Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.
New Year's financial resolutions: Americans look to boost emergency funds in 2023
Building up their emergency funds is a New Year’s financial resolution for many Americans, according to a survey by Personal Capital. Here’s how to boost your savings.
Secure 2.0 Act: Americans will be able to make tax-free transfers of 529 plan funds to Roth IRAs
Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.
Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans
Companies that offer 401(k) plans will be required to automatically enroll their employees beginning in 2025.
Secure 2.0 Act: Student loan payments will count toward 401(K) matching contributions
The Secure Act 2.0 will let companies make 401(k) employer matches based on employees’ qualified student loan payments, beginning in 2024. Here’s how to pay down student loan debt quickly.
Secure 2.0 Act aims to revamp retirement savings system: What it means for you
The Secure 2.0 Act, which was been signed into law, may help Americans save more for retirement. Here’s what you need to know.
Nearly half of workers don't have a 401(k): Here's how you can start saving
Nearly half of private sector workers don’t have access to a 401(k) at work, but you can open an IRA and take other steps to save for retirement.
Financial New Year’s resolutions for 2023
When setting goals for the new year, be sure not to ignore your financial health. A certified financial planner provides financial New Year's resolutions for 2023.
Year-end bonuses: Smart ways to use your extra cash
With the end of the year approaching, many workers anticipate getting bonuses from their employers. There are multiple good things people can do with them.
5 things to know about your 2023 taxes
There are a number of notable changes taxpayers should be aware of in the 2023 tax year as the IRS updates brackets, caps, and thresholds to account for inflation.