FIRST ON FOX: Michael Lucci, CEO of State Armor – a global security watchdog group – issued a cautionary letter to governors and state fiscal leaders, urging them to reconsider investments in China-based companies due to heightened geopolitical risks and the likelihood of increased U.S. restrictions. “In addition, the Chinese Communist Party’s (CCP’s) extensive control […]
A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the bill on the U.S. […]
When it comes to retirement savings, residents of one state are leading the pack: Massachusetts. The average household retirement savings balance in Massachusetts is $448,500, according to an October study by DepositAccounts. That’s the largest amount out of all the states reviewed in the study. The personal finance site analyzed data from the U.S. Census […]
The youngest of baby boomers — and some older Gen Xers — could end up even more confused about how much money they can sock away in their 401(k) plans in 2025. Could someone in those age groups really save up to $34,750 — or the price of some compact SUVs — for retirement next […]
The program is undergoing a number of key changes you need to know about. Although Social Security has been around for nearly a century, the program’s rules aren’t necessarily set in stone. In fact, in the coming year, Social Security will undergo a number of big changes. And those changes won’t just impact retirees who […]
A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the bill on the U.S. Senate floor and […]
The youngest of baby boomers — and some older Gen Xers — could end up even more confused about how much money they can sock away in their 401(k) plans in 2025. Could someone in those age groups really save up to $34,750 — or the price of some compact SUVs — for retirement next […]
The youngest of baby boomers — and some older Gen Xers — could end up even more confused about how much money they can sock away in their 401(k) plans in 2025. Could someone in those age groups really save up to $34,750 — or the price of some compact SUVs — for retirement next […]
It’s scary to think about the number of Americans who are walking around without so much as a dollar in the bank. Around 25% of all U.S. households live paycheck to paycheck with no savings to fall back on, according to 2024 data from Bank of America. So if you have a modest savings account […]
Half (50%) of Americans feel confused understanding their workplace 401(k) plan options, according to a Pontera 401(k) Literacy Survey. Millions of Americans are staking their retirement futures on their 401(k)s, yet many struggle to navigate the maze of investment options, fees and financial decisions. However, plan participants who work with a financial professional are more confident […]
Many Americans haven’t saved enough for retirement. However, a big change to 401(k) plans could provide a boost for older workers. The IRS in November unveiled higher 401(k) contribution limits for 2025, with employee deferrals jumping to $23,500, up from $23,000 in 2024. While the catch-up contribution remains unchanged at $7,500 for investors age 50 […]
There’s a hidden upside to a low COLA that many seniors may be overlooking. The annual Social Security cost-of-living adjustment, or COLA, is one of the most important features of the government program. Without those annual raises, seniors would quickly find the purchasing power of their monthly annuity checks failing to meet their needs. That […]
