Browsing Tag
Saving for Retirement
74 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.
Short-Term Financial Needs Infringing on Retirement Saving: BofA Report
While saving for retirement remains top financial goal, Bank of America Workplace Benefits study finds more employees are prioritizing pressing needs this year
3 in 4 Say Resumption of Student Loan Payments will Impact Retirement Contributions
New Corebridge Financial-Morning Consult study finds end of 3-year repayment pause will cause many to cut back on 401(k) contributions
Half of Americans Feel Behind on Retirement Saving
MassMutual survey finds one in five never plan to retire
Nearly 4 in 10 Americans Say Their Retirement Strategy is ‘Derailed’
Allianz Life study finds Americans facing a frightening new retirement reality due to inflation, market volatility and other challenges
Retirement Savings Gap Could Create $1.3 Trillion Burden by 2040
New research from Pew finds Americans’ insufficient retirement savings could add a huge strain to state and federal budgets if the issue is not addressed
BrightPlan Releases Data-Driven Financial Wellness Platform
The app guides employers throughout different areas of financial wellness, from DEI strategies to retirement support
7 Demographic Disparities Impacting Retirement Readiness
New compendium report examines demographic influences and vulnerable populations in the U.S. workforce
Young Workers: 401(k) Not the Only Way
New survey of Schwab plan participants finds Millennials and Gen Z are taking advantage of broader range of retirement resources than previous generations
Stark Differences in How Men, Women Prioritize Financial Goals
How saving for retirement is valued illustrates divide in new research from Ellevest, which also finds women’s financial health is at a 5-year low
Retirement ‘Super Savers’ Still Prioritizing Lofty Savings Goals
Undeterred by market volatility and inflation, Principal survey finds even more Super Savers plan to save over $20,000 in 2022 vs. 2021