Browsing Tag
401(k)
3593 posts
A 401(k) is an employer-sponsored retirement savings plan that allows employees to contribute a portion of their pre-tax or after-tax income towards retirement. These contributions are then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
Reason No. 5,918 for a 401(k) (and HSA!)
Senior poverty affects millions, with over 7 million older adults living below poverty levels despite Social Security support.
Fraught with Fear, Annuities May Be the Answer for Some 401k Savers
As financial experts and investors brace for the eventual market downturn, others are claiming it’s already here. The…
Something Crazy’s About to Happen With That Generational Wealth Transfer
First it was $18 trillion, then $35 trillion, then $41 trillion—and now? Cerulli says cynical Gen X will…
MyRA Makes A Comeback (No, Seriously)
Forget RESA, it’s all about EASA.Fresh from reclaiming their congressional prize, Democrats introduced the Encouraging Americans to Save Act.
ICI: Mutual Funds Maintain Broad Appeal
The Investment Company Institute (ICI) is out with new data about (what else?) mutual funds. In two studies—“Ownership of…
401k Hardship Withdrawals May Be Less of a Hardship
Hardship withdrawals from 401(k) plans and 403(b) plans may be more accessible to some plan participants due to…
Major 401(k) Player Enters HSA Space
Vanguard HealthEquity HSA integrates health and wealth planning, offering retirement readiness with personalized tools and solutions.
State-Sponsored Retirement Plan Now Open to Individuals
Oregon is kicking retirement savings up a notch. While a number of states have established (or are planning…
In Case of Emergency, (Do Not) Break 401(k)
Emergency fund savings protect against setbacks, build resilience, and support long-term financial security for every household.
New Tools Aim to Help Cancer Patients Navigate Financial Challenges
That pesky saying—when it rains, it pours. Sometimes things happen in life that spur a cascade of consequences—many…