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 […]
As the U.S. presidential election laid bare, economic anxiety is top of mind. High costs have weighed heavily on household finances, with 2 in 3 Americans concerned about how they’ll manage holiday expenses, when the temptation to splurge is heightened. This year, holiday spending, between Nov. 1 and Dec. 31, is expected to increase to […]
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 […]
Stocks soared in the days after President-elect Donald Trump won the 2024 election, and the Federal Reserve announced another interest rate cut less than two days later. The Dow Jones Industrial Average, S&P 500 and Nasdaq markets reached record highs and their best week in a year. Yet, Wall Street’s reaction to the election outcome […]
