The average person age 65 and older has $272,588 in his or her 401(k), according to the latest data from retirement giant Vanguard. This is significantly higher than the average balance of $ ...

The 401(k)'s high contribution limits will appeal to dedicated savers. A company match can supercharge compounding. Everyone's financial journey is unique, but the 401(k) is a game changer ...

If you are a business owner who wants to maximize your tax savings on your 2024 income, check out the Solo 401(k) and the related limits and deadlines. Even if optimizing your retirement plan isn ...

A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter.

Retirement can be incredibly expensive, and with Social Security struggling, many workers will need to rely primarily on savings to make ends meet. The average worker expects to need around $1.8 ...

Saving for retirement is easy to preach but not always simple enough to practice. The amount people should save for retirement and the amount they stash away aren’t exactly the same. How much ...

I’m a huge advocate of using tax-advantaged plans to prepare for retirement. There’s little downside to such accounts, especially when the government raises the contribution bar, creating even ...

Whether you are a Baby Boomer, Gen-Xer, or Millennial, understanding the rules for retirement plans like IRAs and 401(k)s can help you make the most of your savings. This article will break down ...

Maxing out your 401(k) could prevent you from addressing other important savings goals. 401(k) plans aren't always the best investment vehicles for retirement savings. Can there be too much of a ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Late-in-life Roth conversions can take some tricky math. As you approach retirement, one of the most important questions will be how to manage the taxes on your retirement income. For households ...