Browsing Tag
401(k) Retirement
1080 posts
A 401(k) retirement plan is a tax-advantaged savings account offered by many U.S. employers to help employees save for retirement. Workers contribute a portion of their paycheck, often pre-tax, and employers may match part of that contribution. The money is typically invested in mutual funds, stocks, or bonds and grows tax-deferred until withdrawal, usually after age 59½. Some plans offer a Roth option, allowing after-tax contributions with tax-free withdrawals. 401(k)s have annual contribution limits set by the IRS and may include features like automatic enrollment and loans. Early withdrawals may incur taxes and penalties unless exceptions apply.
Corporate Roundup: Cetera and Securian Financial Acquisition, Latest Products at The Standard
Cetera acquires the retail wealth and trust business of Securian Financial, The Standard announces new products to its recordkeeping platform, and more
Americans in High-Cost Cities Could See Smaller Social Security Benefits
A brief by the CRR at Boston College draws on arguments that Americans who live in expensive cities could face smaller Social Security benefits due to the program's formula
ESOP Workers Report Higher Retirement Account Balances
Workers of employee stock ownership plans had a median account balance of $80,500, compared to $30,000 for the average 401(k) participant
Non-Retired Americans Expect to Earn $5,000 Monthly in Retirement
Schroders surveyed Americans on their expected monthly income throughout their golden years, finding that the average said they will need $4,940 a month during retirement
Why Only 1 in 10 Americans Maximize Social Security Benefits
2023 Schroders US Retirement Survey finds just 10% plan to wait until age 70 primarily over fears about the program’s solvency
Corporate Roundup: Mercer and Cetera Acquisitions, Ascensus Expansions
Mercer Advisors, Cetera, and Steward Partners announce acquisitions, and Ascensus grows NQDC sales team
‘Late’ Boomers Faced the Most Impact During the Great Recession
The CRR at Boston College explains how the Great Recession, among other factors, continues to affect Baby Boomers' retirement savings today
401(k) Contribution Cutbacks Likely When Student Loan Payment Pause Ends
New Empower research finds 4 in 10 borrowers consider curtailing retirement contributions to help pay off student loans
‘Peak 65’ Women Show Interest in Annuities, Despite Unfamiliarity
New study by Alliance for Lifetime Income and CANNEX explores how future retirees are using protected income to afford retirement
5 Surprises Top Bankrate’s Best States for Retirement 2023
Affordability helps these states edge traditional retirement havens while California, New York lag near bottom of new rankings