Don’t make these common 401(k) plan mistakes
A higher cost of living and growing savings shortfall has many Americans worried about their retirement security. Those financial strains also make it harder for many workers to fund a …
401(k) plans
How Secure 2.0 may prompt more workers to use of a Roth 401(k)
Team of millennial colleagues sharing ideas for new business start up, togetherness, innovation, diversity 10’000 Hours | Digitalvision | Getty Images More workers are getting access to a Roth savings …
These behavioral traits lead to greater retirement savings, study finds
Thomas Barwick | Stone | Getty Images People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers …
Big savers can funnel more into 401(k)s with after-tax contributions
Kate_sept2004 | E+ | Getty Images If you’re itching to save more into your 401(k) for 2023, your plan may have a feature that allows you to bypass the yearly …
Government likely to raise saver protections
The U.S. Department of Labor building in Washington, D.C. The Washington Post | The Washington Post | Getty Images There’s a ‘tsunami’ of rollovers to IRAs IRAs held about $11.5 …
Here’s how to avoid penalties with retirement plan rollovers
The one-year rule is an “archaic belief,” according to career expert Sarah Doody. Courtneyk | E+ | Getty Images 1. Bypassing the once-per-year IRA rollover rule “The biggest one is …
Believing 5 myths may slash your retirement benefits
Moyo Studio | E+ | Getty Images Social Security benefits provide retirement income for millions of Americans. Because the timing of your claim may impact the size of the benefits …
New trading tech doesn’t alter investment pillars: William Bernstein
Advancements in investment products and trading platforms haven’t altered long-standing investing fundamentals, according to neurologist and best-selling financial author William Bernstein. Bernstein, who released the second edition of his 21-year-old …
Whether U.S. seniors among developed world’s poorest depends on data used
Peopleimages | E+ | Getty Images Is old-age income poverty too high? Consider this thought exercise: What is a tolerable poverty rate among American seniors? By one metric, the U.S. …
What higher earners need to know about 401(k) catch-up contributions
Peter Cade | Getty Images Higher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year. If you’re 50 or older, …