Browsing Tag
Saving for Retirement
71 posts
Saving for retirement means regularly setting aside a portion of your paycheck into a tax-advantaged investment account to build long-term financial security. With a 401(k), contributions are typically made pre-tax (or after-tax with a Roth 401(k)), allowing your money to grow through investments like mutual funds. Many employers also offer matching contributions, which can boost your savings. Over time, consistent contributions and compound growth help you accumulate a nest egg you can use to support yourself after you stop working.
401(k) Savers Cut Back on Personal Spending, Not Retirement
Schwab’s annual nationwide survey of 401(k) participants finds retirement confidence dips amid inflation concerns, but few are curbing plan contribution rates
$1.3 Million Needed to Retire Comfortably, Say Workplace Retirement Plan Participants
Schroder’s survey finds only 30% of participants think they’ll hit the million-dollar mark before retiring
Why Increasing Access, Participation in Workplace Retirement Plans Needs to be Prioritized: Pew
New research highlights savings challenges of workers without employer-sponsored benefits—and how not easing the problem creates a bigger one down the road for taxpayers
Bill to Make 401(k)s Available to 18- to 20-Year-Olds Reintroduced in Senate
Sens. Cassidy, Kaine bring back the “Helping Young Americans Save for Retirement Act”
‘Magic Number’ for Retirement Drops to $1.26M for 2025
This year’s figure from Northwestern Mutual is $200,000 less than last year, but remains far beyond what most Americans are on track to reach
New Look at Why Workers Struggle to Save Adequately for Retirement
Research examines the employment, personal finances, and retirement outlook of the workforce—and finds some pain points
Retirement Savers to Government: ‘Hands Off My 401(k)!’
New ICI research finds workplace retirement savers like their DC plans just the way they are (with tax preferences)
Most Plan Participants Seriously Uninformed About How Much to Save, 4% Rule
Principal research finds vast majority of workers are utilizing their 401(k), but have big misconceptions around savings benchmarks and planning for income in retirement
Americans Resolve to Focus on Finances in 2025
35% In Allianz Life’s 2025 New Year’s Resolution Study say they think their overall financial situation will be better next year
Participants with Advisors Way More Confident of Secure Retirement
First Pontera 401(k) Literacy Study finds more than 8 in 10 participants working with a financial advisor are better informed and contribute more