Why you may be saving more in your 401(k) — and not even know it
Aleksandarnakic | E+ | Getty Images You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in …
401(k) plans
Lawmakers debate if child savings accounts may reduce wealth inequality
Urbazon | E+ | Getty Images An unequal distribution of wealth in the U.S. can make it so some children are behind from birth. Now lawmakers are considering whether federal …
What determines how well older households cope with high inflation
Lourdes Balduque | Moment | Getty Images High inflation eased slightly in April, which may provide some relief to consumers who have been contending with elevated prices. For retirees …
Advice about 401(k) rollovers is poised for a big change. Here’s why
Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans …
Labor Department cracks down on bad retirement savings advice
The U.S. Department of Labor headquarters in Washington. Al Drago/Bloomberg via Getty Images The Biden administration issued a final rule on Tuesday that cracks down on the investment advice that …
American centenarians will quadruple by 2054, causing money challenges
Artur Debat | Moment | Getty Images The number of centenarians in the U.S. is poised to balloon in coming decades. That longevity poses a big financial challenge for households. …
Americans think they need $1.46 million to retire. What experts say
Aleksandarnakic | E+ | Getty Images When it comes to retirement, Americans have a new number in mind — $1.46 million — for how much they think they will need …
Here’s who can claim a ‘special tax credit’ for retirement savings
Halfpoint Images | Moment | Getty Images Some retirement savers can still snag an extra tax incentive for 2023. However, most eligible filers don’t claim it, according to the IRS. …
Median 401(k) balances for Americans in their 50s
Americans in their 50s are right around the corner from reaching retirement age, but don’t have much saved up for their post-work years. By the time you reach your 50s, …
Many workers believe pensions are key to achieving the American Dream
A United Auto Workers union member holds a sign outside the Stellantis Sterling Heights Assembly Plant to mark the beginning of contract negotiations in Sterling Heights, Michigan, on July 12, …