Key Takeaways The Labor Department has launched a 'Retirement Savings Lost and Found Database' to help people find their old ...
(k) changes in 2025 include boosted contribution limits to help combat fears of falling behind on retirement savings.
The SECURE 2.0 Act increased the catch-up contribution for some employees to $10,000 or 150% of the standard catch-up contribution, whichever is greater. Since 150% of $7,500 is $11,250, that's the ...
Research suggests that employer 401(k) matching contributions disproportionately favor high-income earners, leaving ...
“A 401(k) is a workplace savings plan that has tax advantages as an incentive to invest for retirement,” noted the financial firm Fidelity Investments. It allows you to save in a tax-deferred ...
Thanks to Donald Trump’s support and Joe Biden’s failure to intervene, private equity is inching ever closer to tapping into ...
The same research team that documented the impact of auto-enrollment and auto-escalation in 401 (k) plans has returned to the ...
It's not always easy to figure out where you should focus your attention when trying to grow your 401(k) wealth.
Few Americans manage to save a million dollars in a 401(k) employee retirement plan or its personal savings counterpart, the Individual Retirement Account. The 544,000 figure represents a little ...
One major change is the increase in 401(k) contribution limits ... Stephen Callahan, Trading Behavior Analyst at Firstrade More savings among lower, medium income workers “One bright spot ...
Each generation has made its share of 401 (k) mistakes. The good news is, for many, there's still time to correct these errors. Here are the biggest problems each generation has faced, based on a ...
The three moves below are a great place to begin if you're ready to maximize your savings growth in 2025. Not all employers offer 401(k) matches, but if yours does, you probably want to put your ...