A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. All told, of the roughly 24 million participant accounts in the 401(k) plans for which Fidelity serves as record keeper, 544,000 of […]
New leadership has yet to be sworn in, in Washington, D.C. Yet Sen. Mike Lee, R-Utah, ignited a debate this week on the future of Social Security with a series of posts on social media platform X. The program, which provides monthly checks to more than 65 million beneficiaries, faces funding issues that may prevent […]
If your checking account is usually empty by payday, does that mean you are living from paycheck to paycheck? As it turns out, “paycheck to paycheck” means different things to different people. Nearly half of Americans believe they are living from paycheck to paycheck, according to a recent report from Bank of America Institute. Yet, […]
A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. All told, of the roughly 24 million participant accounts in the 401(k) plans for which Fidelity serves as record keeper, 544,000 of […]
Every year, the Internal Revenue Service (IRS) will make cost-of-living adjustments to American retirement plans, with the changes usually amounting to an attempt at countering inflation by increasing the maximum contribution limits for the various types of retirement plans. This year, however, the IRS will be making other dynamic changes as well, according to a […]
The Social Security Administration has announced several changes set to go into effect next year to address inflation and the financial stability for more than 70 million recipients. The changes are set to affect those who retire, those who receive disability payments and Veterans Affairs benefits, and others who rely on Social Security benefits. One […]
Imagine working hard to save money for retirement, only to lose track of your account and leave your money unclaimed. It might sound far-fetched, but it’s the reality for millions of Americans. Research from Capitalize found that by May 2023, 29.2 million 401(k) accounts had been forgotten. These accounts hold a whopping $1.65 trillion in […]
As 2024 comes to a close, it’s important to consider a key tax planning aspect: managing modified adjusted gross income (MAGI). This often-overlooked and confusing figure can have significant tax implications for many taxpayers, including retirees. That’s partly because your MAGI can impact everything from Medicare premiums and capital gains rates to required minimum distributions […]
Cable broadband providers have expanded their offerings to include mobile service, giving Americans more choices for their cell providers than ever before. And when bundled with home broadband service, the savings are clear. Helping Americans’ bottom line With new options available from cable broadband, the once stagnant mobile marketplace has begun to heat up, and […]
Money Glow Up Host and “The Budgetnista” Tiffany Aliche joined Wealth! to share strategic budgeting tips for the holiday shopping season. Aliche reccomends that consumers first create a comprehensive gift recipient list. She suggests researching desired items online and monitoring them for price drops. To maximize savings, she recommends utilizing automatic coupon-finding apps. For additional […]
Gold prices slipped on Monday, snapping a four-day winning streak, as the U.S. dollar staged a sharp rally and investors braced for pivotal economic data and Federal Reserve insights on the path of interest rates. Spot gold was down 0.6% at $2,636.54 per ounce as of 01:41 p.m. ET (1841 GMT), having fallen as much […]
You don’t have to leave your home to stock up on groceries, thanks to grocery delivery services. But these services aren’t always budget-friendly. For those who are too busy to go shopping or longing for a late-night snack, food delivery services allow you to shop for groceries online and have them delivered to your doorstep. […]
