Vanguard reports 401(k) statistics in its How America Saves report. In the 2024 edition, the company found that the average ...
The idea of becoming a 401 (k) millionaire may seem unrealistic to some. After all, most people just don't seem to earn ...
Based on Vanguard's 2024 analysis, the average 401(k) balance for Vanguard participants in 2023 was $134,128, an increase of ...
Will the economy strengthen or worsen in the coming year? It's anybody's guess. A Gallup poll reveals that 54% of Americans expect employment to increase in 2025. But on the flip side, 45% of ...
Fact checked by Giselle Cancio Once you've hit age 50, there's a good chance you've been saving money for years, if not ...
Economic issues are straining people's finances, but these tactics can help you free up cash and spend less money.
Failing to investigate how much you are charged could cost you hundreds of thousands of dollars later in life.
According to a recent report by Fidelity, the number of 401(k)-plan millionaires eclipsed 544,000 out of just 24 million plan ...
When you mention a retirement account, most Americans likely think of a 401(k). It's by far the most popular and used ...
For their sample, the first-year experience suggests that auto-enrollment increased the savings rate by 2.2 percentage points (see Figure 1). (For simplicity, this discussion focuses on ...
Auto-enrollment will increase the contribution rate of those who would never have joined the plan and those who would have joined at a lower rate, but will decrease contributions of those who would ...
With the incoming Trump administration just weeks away from starting, private-equity firms are poised to lobby in Washington ...