Policy changes look to reduce 401(k) plan ‘leakage’
Sturti | E+ | Getty Images Leaks aren’t just a problem for pipes. Billions of dollars a year drip from the U.S. retirement system when investors cash out their 401(k) …
Roth 401(k) plans
Millennials’ retirement outlook may be worse than older generations
JGI/Jamie Grill | Blend Images | Getty Images Millennials’ retirement prospects seem rockier than those of older generations of Americans. That’s largely a function of long-term policy changes such as …
How high earners can maximize their 401(k) contributions in 2024
Klaus Vedfelt | Getty Images To live your best life in retirement, it helps to make the most contributions while you’re working. Employees who participate in 401(k) plans can put …
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 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 …
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 …
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, …