Browsing Tag
Saving for Retirement
86 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.
Report: Poor-Performing Safe Harbor IRAs Threaten $43 Billion in Retirement Savings by 2030
PensionBee research says up to 2 million retirement accounts at risk of automatically rolling over into Safe Harbor IRAs each year as workers change jobs, and just 25% are moved within 3 years
Report: If All Workers Had DC Plan Access, Retirement Readiness Would Rise 20%
Vanguard Retirement Outlook finds 4 in 10 Americans on track to maintain their lifestyle in retirement, but it would be 6 in 10 with full defined contribution plan access
‘Financial Vortex’ Swallowing Up Retirement Savings: Goldman Sachs
New report finds 3 in 4 non-Boomers report struggling to save for retirement and 4 in 10 living paycheck to paycheck
How a ‘Trump Account’ Could Grow to $22 Million by Retirement
Serae Wealth puts forth a best-case scenario showing how no distributions and maxing out contributions—along with historically average S&P 500 returns—could turn the $1,000 seed money into generational wealth
How Americans Are Turning Money Stress Into Action
New Empower research finds people spend 4 hours a day thinking about their finances, but it’s spurring real progress for many
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