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 …
401(k) plans
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. …
BlackRock CEO Larry Fink says 65 retirement age is too low. What experts say
BlackRock CEO Larry Fink speaks during the New York Times DealBook Summit Nov. 30, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images The …
Limiting retirement plan tax perks may help Social Security, experts say
Wand_prapan | Istock | Getty Images There’s no debate that Social Security’s funds — which are projected to become insolvent in the next decade — need fixing. But a new …
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 …
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 …
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 …
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 …
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 …