Americans are saving more for retirement, but they're nowhere near the 'magic number'
A new Vanguard report shows that Americans are saving more money for retirement, but it's nowhere near the "magic figure" needed to retire comfortably.
Retirement crisis looms as women's savings just one-third of men's: report
Women in the U.S. are facing a potential retirement crisis, with a new survey of 55- to 75-year-old Americans finding that women's savings amount to just one-third of men's.
Looking for a new job? These are the financial secrets of signing on with a company
When you sign on to a new job, there are plenty of financial aspects to be mindful of in order to make the most money you possibly can.
Stocks sink after weak GDP data, Meta's miss
The Dow nosedived along with the S&P 500 and Nasdaq Composite after a fresh read on U.S. GDP fell well short, and earnings Facebook parent Meta disappointed investors.
Biden issues new rule to crack down on bad retirement advice
The Labor Department on Tuesday finalized a rule that aims to crack down on retirement advice given by financial advisers, brokers and insurance agents.
Cost of living hinders younger generations from saving for retirement: Fidelity
Fidelity Investment's annual State of Retirement study found that over half of Millennials and Gen Z think saving for retirement will be harder in comparison to their parents.
401(k) 'hardship' withdrawals surge to another record as high inflation stings
Hardship withdrawals allow workers to tap their 401(k) for an 'immediate and heavy financial need'
Student loan payments hinder retirement savings – Here's how employers are helping
Americans with student loan payments contribute at a lower rate and have smaller overall balances in their 401(k) accounts, a report from the Employee Benefit Research Institute (EBRI) study said.
How the types of employee benefits offered play a critical role in recruiting top talent
Employee benefits are a crucial part of a corporate strategy to recruit top talent and include health care, insurance, paid time off and retirement plans.
401(k)s vs pension plans: What's the difference?
Pension plans and 401(k) plans can both help workers during their retirement years. While once commonplace, pensions have largely been replaced by 401(k)s in the private sector.
401(k) plans include these hidden benefits you need to know about
Uncover the hidden advantages of a 401(k) beyond savings. From employer matches to tax efficiency and creditor protection, maximize your retirement strategy.
Investment company announces new non-woke, anti-ESG shareholder-focused retirement plan for small businesses
Strive Asset Management is launching a new non-woke and anti-ESG 401(k) retirement plan that its CEO says will prioritize shareholder profits, unlike large investment companies.
Revamp your finances: Smart financial new year's resolutions for 2024
When outlining your resolutions for the coming year, prioritize your financial wellness. Get expert guidance as a certified financial planner shares 2024's resolutions.
Higher contribution limits are coming for 401(k)s and IRAs next year
The IRS earlier this year lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans beginning in 2024.
Pension plans: The reasons behind the decline of fund contributions in today's job market
FOX Business is exploring the disappearance of pension plans in the contemporary job market. The reasons for the scarcity are due to the rise in individual retirement needs.
New IRS 401(k), IRA contribution limits a win if you need catching up
The IRS has announced new contribution limits for 401(k) plans, as well as an ammendent to IRA catch-up contribution limits, both of which can help workers reach their retirement goals faster.
Retirement crisis: Great Recession takes its toll on younger Boomers
The Great Recession diminished the retirement savings potential of late Boomers, a study found. And cost adjustments to Social Security could be smaller next year.
401(k) hardship withdrawals are surging as high inflation squeezes Americans
More Americans are making hardship withdrawals from their 401(k) retirement plans to cover emergency expenses as they struggle with chronic inflation.
Share of Americans borrowing from 401(k) multiple times rises
A 401(k) loan can help you pay off debt, but it can harm your retirement savings and become a repeat move depending on various factors, one study found. Here's what to know about 401(k) loans.
Hardship withdrawals from retirement accounts increased in the second quarter: report
Roughly 16,000 workers made hardship withdrawals from their 401(k) accounts in the second quarter, marking a significant increase from the previous quarter, BofA said in a report.