#retirement-savings

[ follow ]
#401k
fromAol
2 months ago
Retirement

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement
fromAol
2 months ago

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement plan administrators continue to use insecure paper checks for rollovers, exposing savers to significant risks and complications.
Retirement
from24/7 Wall St.
3 months ago

3 Changes to the 401(k) Laws Congress Should Make - But Probably Won't

Automatic enrollment in 401(k) accounts could significantly boost retirement savings for low and middle-class Americans.
#financial-security
fromAxios
1 week ago

Private credit may come to your 401(k). Do you invest?

Private credit allows investors to lend money to private companies rather than buying stock, offering high risk and high reward, often independent of the stock market.
US politics
fromwww.bbc.com
1 week ago

Trump opens door for crypto in retirement accounts

President Trump is making moves to ease regulations on using retirement savings for investments in cryptocurrencies, private equity, and other non-traditional assets.
US politics
#pensions
#financial-planning
Retirement
from24/7 Wall St.
3 months ago

We're 37 and got a late start on retirement savings. How much should we aim to save now?

You can start catching up on retirement savings even in your 30s with careful budgeting and investing.
Parenting
from24/7 Wall St.
4 months ago

We're 34 and 32 with a $2.5 million net worth - when is the right time to set up a trust for our child?

Prioritize your own financial needs while planning for your children's future.
Retirement
from24/7 Wall St.
3 months ago

Do These 3 Things to Beat the Average American's 401(k)

Saving for retirement is essential to avoid financial struggle.
Starting to save early increases your 401(k) balance significantly.
Claiming employer matches on 401(k) contributions is crucial for retirement.
#financial-goals
fromwww.theguardian.com
1 month ago

Rachel Reeves expected to review pensions auto-enrolment

A review of the auto-enrolment pension scheme is expected, aiming to potentially increase employer contributions.
fromwww.theguardian.com
1 month ago

Born into crisis, gen Z is saving for retirement like no other generation | Gene Marks

Gen Z is leading in retirement savings, surpassing previous generations significantly in 401(k) contributions.
fromThe Local Germany
1 month ago

'10 a month': Germany to set up pension accounts for all children from age 6

The federal government aims to encourage school children in Germany to think about saving for retirement from an early age through an early start pension initiative.
Germany politics
#401k-plans
Retirement
from24/7 Wall St.
2 months ago

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.
Retirement
from24/7 Wall St.
2 months ago

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.
fromBusiness Insider
2 months ago

A Gen Xer bumped her pay to $100K by taking on a second office job with her employer - and she works a side hustle to manage the stress

When Rivera started her second role in 2020, her pay increased to about $100,000 from roughly $60,000. Additionally, when she accepted the extra position, she initially worked 80-hour weeks but has since scaled back to about 60 hours.
NYC startup
fromwww.ocregister.com
2 months ago

10 sources of emergency cash, ranked from best to worst

Consider short-term securities and low-risk assets first when facing unexpected expenses.
Roth IRA contributions allow penalty-free withdrawals but may jeopardize retirement savings.
Cash values from life insurance policies can provide emergency funds when needed.
A 401(k) loan, while helpful, could negatively impact long-term retirement savings.
fromMoneywise
2 months ago

NYC man lost $114K - his entire 401(k) - after his physical check from Paychex was stolen. So why do 43% of retirement savers still have to deal with this 'outdated' and 'insecure' method?

Paper-based 401(k) rollovers expose savers to significant risks including fraud, delays, and limited protections.
#early-retirement
from24/7 Wall St.
2 months ago
Retirement

$5 Million at 50-Something: Rich Enough to Retire, or Just Scared?"

Many Americans dream of early retirement, but its feasibility is declining; for those with sufficient savings, it is possible, yet comes with challenges.
from24/7 Wall St.
2 months ago
Retirement

Is It Possible to Retire By 40 If You've Banked $2 Million?

A $2 million nest egg by age 40 can allow for early retirement if managed wisely.
Retirement
from24/7 Wall St.
2 months ago

$5 Million at 50-Something: Rich Enough to Retire, or Just Scared?"

Many Americans dream of early retirement, but its feasibility is declining; for those with sufficient savings, it is possible, yet comes with challenges.
from24/7 Wall St.
2 months ago

Dave Ramsey's Warning: Don't Tap Your 401(k) to Pay Your Mortgage

When faced with rising rent and mounting debt, the temptation to dip into a 401(k) to buy a home can be strong, but personal finance expert Dave Ramsey warns against it.
Retirement
Retirement
from24/7 Wall St.
2 months ago

Thinking of Putting All Your Savings Into VOO? Here's Why You May Not Want To

The Vanguard S&P 500 ETF (VOO) provides solid exposure to large companies for retirement savings, but diversification is crucial.
Retirement
from24/7 Wall St.
2 months ago

Should I give up my low 2.3% mortgage rate to buy my dream $650k home?

Homeowners must weigh financial benefits of low mortgage rates against lifestyle needs, especially with future family considerations.
Retirement
from24/7 Wall St.
2 months ago

Having $3M in Investments-Why Doesn't It Feel Sufficient?

Reaching $3 million in retirement savings by age 50 is a significant accomplishment despite personal financial uncertainties.
#retirement-planning
Retirement
fromBusiness Insider
3 months ago

10 best states for retirees

Choosing the right state for retirement can stretch savings further amid economic uncertainty.
Average retirement savings vary significantly, emphasizing the need for personalized financial planning.
Retirement
from24/7 Wall St.
3 months ago

I'm turning 60 and want to know if I can retire on $800k

Retirement savings of $800,000 may support modest lifestyles, but personal expenses greatly influence retirement feasibility.
Retirement
from24/7 Wall St.
3 months ago

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Having $3 million doesn't guarantee retirement at 50; lifestyle and assets structure are crucial.
Retirement
fromBusiness Insider
3 months ago

10 best states for retirees

Choosing the right state for retirement can stretch savings further amid economic uncertainty.
Average retirement savings vary significantly, emphasizing the need for personalized financial planning.
Retirement
from24/7 Wall St.
3 months ago

I'm turning 60 and want to know if I can retire on $800k

Retirement savings of $800,000 may support modest lifestyles, but personal expenses greatly influence retirement feasibility.
Retirement
from24/7 Wall St.
3 months ago

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Having $3 million doesn't guarantee retirement at 50; lifestyle and assets structure are crucial.
Parenting
fromFast Company
3 months ago

Why more parents are supporting their adult children financially

Parents of grown children are increasingly providing financial support, affecting their retirement savings.
UK politics
fromwww.theguardian.com
3 months ago

The Guardian view on Labour's pension reforms: building on flawed foundations | Editorial

Rachel Reeves advocates for UK pension funds to invest in local infrastructure, addressing both retirement savings and economic regeneration.
from24/7 Wall St.
3 months ago

All-In on QQQ? These 3 ETFs Offer a Smarter Path to Growth

The recent market dip was described by Wells Fargo as an 'attractive entry point,' indicating that purchasing QQQ and other growth ETFs could be worthwhile.
Cryptocurrency
fromFast Company
3 months ago

3 tips to balance your short-term and long-term savings goals

Balance saving for short-term goals without neglecting long-term investments, as compounding plays a crucial role in financial growth.
#market-volatility
Retirement
from24/7 Wall St.
3 months ago

Should You Stop Saving for Retirement and Hoard Cash?

Stay committed to retirement savings amidst market uncertainty; invest in quality stocks while prices are low.
from24/7 Wall St.
4 months ago

Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

Maxing out a Roth IRA provides significant tax benefits for retirement savings.
from24/7 Wall St.
4 months ago

What I Wish I Knew Before Setting Up a 401k: Lessons from My Small Business Experience

Offering a 401(k) plan is essential for small businesses to retain employees and promote retirement savings.
[ Load more ]