Browsing Tag
401(k) Retirement
1092 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.
BlackRock Invests in Human Interest
Infusion will help the SMB-focused 401(k) provider expand access to retirement plans for working Americans
Over 80% of Americans Halted or Withdrew from Retirement Savings in 2022
Half of U.S. adults paused saving for retirement, and more than 30% withdrew from their retirement savings last year, finds U.S. News & World Report
Despite Remaining Optimistic, Advisors Report Fears Over Inflation and Investment Returns
Even though financial advisors remain optimistic, Ubiquity Retirement + Savings finds many report concerns over inflation and poor investment returns
Inflation Moderating, But Will Social Security Recipients Catch Up?
New analysis from The Senior Citizens League finds the average Social Security benefit has fallen short of inflation by more than $1,050 since the start of the pandemic
Vestwell Partners with Carson Group on SMB 401(k) Offering
The program will includes features dedicated to SMBs from both entities
A Guide Dedicated to Those Excited for SECURE 2.0, But Don’t Know Where to Start
The provisions behind the legislation can be difficult to navigate for financial advisors, but resources and guides can help clear the details
Younger Workers More Ambitious Now Because They Want to Retire Early: Study
Qualtrics research finds money, not pride, motivates America’s youngest workers, who are much more ambitious than other generations and say they want to retire early
The Long-Term Impacts of SECURE 2.0
The passage of SECURE 2.0 signals what the retirement industry has long-awaited for—impactful help for millions of Americans
Pentegra’s John Pinto to Retire in 2023; Eric Wietsma Named as Successor
Leadership change at the provider of retirement plan and fiduciary outsourcing solutions will happen mid-year
New Year’s Resolution: Most Young People Should Not Save for Retirement in Their 401(k): Part 2
Save all you can in your 401(k); but don’t limit it to retirement preparation, says contributing author Jack Towarnicky