Bloomberg unveils plans for Americans’ Social Security, retirement savings

Mike Bloomberg released plans to shore up Americans’ retirement on Sunday, promising to increase Social Security retirement benefits and create a government-backed savings plan for workers at all income levels. “Americans who have worked for decades deserve the opportunity to retire without facing constant financial pressure, and, as president, I will strengthen Social Security to […]

There’s now a record number of 401(k) and IRA millionaires, according to Fidelity

Thanks to record-breaking markets and more retirement savings, the number of 401(k) and IRA millionaires has reached a new record, according to Fidelity. Fidelity, the largest 401(k) provider in the United States, released its quarterly analysis Thursday. The report on retirement trends has become increasingly relevant as baby boomers retire in record numbers. The study […]