Millions of Americans have only $955 saved for retirement
Outside of high earners, Americans are choosing survival over savings and hoping to catch up later," NIRS executive director Dan Doonan told Yahoo Finance.
How to manage your retirement savings through turmoil
Financial advisers weigh in on what investment moves to make — or not — amid an uncertain environment
This 50-year-old law changed retirement. Here’s how.
The Employee Retirement Income Security Act, known as ERISA, put protections in place for workers' nest eggs. But it needs a refresh.
High interest rates are super news for Americans eyeing retirement
With rates staying higher for longer in 2024, there are more options for those pondering retirement.
More Americans tapped their retirement savings early
A withdrawal from your 401(k) account is typically taxed as ordinary income. Also, you’ll pay a 10% early withdrawal penalty before age 59½, unless you meet one of the IRS…
The retirement savings guessing game
a sizable 42% of workers agree with the statement, “I prefer not to think about or concern myself with retirement investing until I get closer to my retirement date,”
Even the rich are not facing retirement readiness reality
Forty-seven percent of Americans are finding themselves unprepared for retirement, according to a study by Boston College's Center for Retirement Research.
Efforts to make it easier to stay invested in 401 (k) when switching jobs
One in 3 workers cash out their retirement accounts when leaving jobs
Retirees can safely withdraw more from retirement accounts in 2023 and not run out of money
“From the youngest to the oldest American workers — GenZ to Baby Boomers — one of their greatest fears about retirement is ‘outliving my savings and investments,’” Catherine Collinson, CEO…
Higher 401(k) contribution limits not helping many workers
This dearth of retirement savings has lasting repercussions for future retirees.