4 factors affect how much Social Security retirees receive in 2024
Adamkaz | E+ | Getty Images If you’re a retiree who relies on Social Security benefits for income, you will see some changes in 2024. You will get a benefit …
401(k) plans
The first step to setting an annual budget is simple
This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in …
Why employers can force out small 401(k) accounts when a worker leaves
Tom Werner | Digitalvision | Getty Images If you left behind a small 401(k) plan account at a former job, odds are your former employer has moved those funds out …
Women face a retirement savings shortfall. Three ways to close the gap
What begins as a gender wage gap inevitably becomes a significant shortfall by retirement. In the U.S., women who work full time are typically paid about 80 cents for every …
The spot bitcoin ETF race could quickly reach your 401(k) plan
Paul Yeung | Bloomberg | Getty Images Retirement savers who want a taste of bitcoin without owning the cryptocurrency coins directly could soon gain the access they’ve been craving. The …
Why you still need a long-term retirement savings approach in your 40s
Clemens Porikys | Getty Images Entertainment | Getty Images If you’re in your 40s, you probably have seen articles on how much you should have saved by now to comfortably …
Why 401(k), IRA balances fell for some millennial, Gen X investors
Valentinrussanov | E+ | Getty Images Retirement balances for midcareer workers declined between 2019 and 2022, despite gains on financial assets such as stocks during that period, according to new …
How making student loan payments can help you save for retirement
With repayment of student loans starting again after a three-and-a-half year pause, college debt is top-of-mind for many borrowers who won’t be eligible for new relief plans from the Biden …
Not saving in your 401(k)? Your employer may re-enroll you
A modern office space with a variety of plants on display and some employees working together at computer desks. Tom Werner | Digitalvision | Getty Images If you elected not …
What IBM retirement match change means for workers
Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC IBM, which decades ago helped lead the shift from defined benefit plans to defined contribution …