Browsing Tag
401(k) Retirement
1086 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.
Pandemic Hurts Worker Confidence in Saving for Retirement
Given the challenges 2020 has provided, it’s no big surprise that fewer Americans workers say they are confident…
Older Americans Want Retail Advice, Rollovers: Study
Hearts & Wallets finds older Americans retirement planning needs aren't fully met in their workplace plans.
How Much it Takes to Retire in Every State
Cost of retirement varies widely by state. Discover the most and least expensive places to retire and how much savings you’ll need.
Retirement Needs Still a Mystery to Many Americans
Another day, another study showing how far retirees and near retirees are from financial security
‘Best Places to Retire in the U.S.’ List has a New No. 1
Florida took a majority of the top 25 spots, sweeps the top three in U.S. News & World Report’s new “2020-21 Best Places to Retire” rankings.
2021 Social Security COLA Officially 1.3%
Another twenty bucks a month is what the average retired worker receiving Social Security benefits will receive in 2021 after the Social Security Administration announced today that the official Cost of Living Adjustment (COLA) for next year will be an increase of 1.3%.
TSP News: 401(k) Millionaire Club Grows, Returns Dive in September, Default Rate Rises in October
It’s a good news/bad news scenario when it comes to the latest developments out of the world’s largest…
A Good Move: Moving Company Transfers Nearly $2 Million to Employees’ 401ks
In a year filled with more than its fair share of bad news, here’s some good news about…
Schwab Finalizes $22 Billion TD Ameritrade Acquisition
Charles Schwab today announced that it has completed its acquisition of TD Ameritrade, in an all-stock deal valued at $22 billion.
5 Developing Threats to Retirement Security
Natixis report identifies five specific issues that the firm believes present the greatest threats for retirement security in the future.