401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here’s why
Retirement balances for midcareer workers declined between 2019 and 2022, despite gains on financial assets such as stocks during that…
Not saving in your 401(k)? Your employer may re-enroll you
If you elected not to participate in your company’s 401(k) plan, your employer may have other ideas. The concept of…
More employers offer a Roth 401(k) — and a Secure 2.0 change may prompt more workers to use it
More workers are getting access to a Roth savings option in their 401(k) plans. In 2022, 89.1% of employers that…
Why working longer is a bad retirement plan
Working longer is among the best ways to ensure you don’t outlive your retirement savings. The problem is, you can’t…
Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in…
This account is like an ‘extra strength’ Roth IRA, advisor says. Here’s when to use it
For savers, choosing how to best allocate money among a stream of account types may seem an impossible task. There…
Are U.S. seniors among the developed world’s poorest? It depends on your point of view
The U.S. retirement system is a sprawling complex, a so-called “three-legged stool” of Social Security payments, workplace savings plans and…
Trying to choose Pretax vs. Roth 401(k)? Why it’s trickier than you think, experts say
If you have a 401(k), one of the big questions is whether to make pretax or Roth contributions — and…
