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.
‘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.
U.S. Rises in 2020 Global Retirement Index
The United States rose two spots to No. 16 among developed nations in the 2020 Global Retirement Index…
Childcare Emerges as Major Retirement Savings Barrier for Parents Amid Pandemic
It’s hard being a parent, and it can be especially hard on your retirement planning when you throw…
How Millennials Plan to Buck Traditional Retirement Norms
New research from Vanguard explores how Millennials are planning to redefine and challenge traditional retirement norms like retiring…
5 Biggest Expenses for Retiree Households
Latest Consumer Expenditure Survey shows how much the average retiree household spends per year, with the biggest chunk going toward housing.