IRS increases 401(k), other retirement plan contribution limits for 2025
The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.
Florida CFO requests report on potential for investing some state retirement system funds into digital assets
Florida CFO Jimmy Patronis asked the State Board of Administration to supply a report on the potential of allocating some state retirement system funds to digital assets.
GOP senator explains how inflation 'hits seniors particularly hard' under Democrats
Data surrounding inflation and its impact on retirement is "worrisome" for seniors and those depending on their 401(k)s, Sen. Shelley Moore Capito warns.
Inflation cuts $2.5T from retirement plans despite growth in retirement accounts, says expert
A report by economist E.J. Antoni reveals that Biden-Harris policies have harmed seniors' retirement plans, showing significant inflation-adjusted losses in 401(k) and pension funds.
Why some Americans will receive an extra Social Security check in November
Some American retirees will receive an extra Social Security payment in November due to a scheduling quirk involving the payment schedule of SSI payments to beneficiaries.
Switching jobs? If you're thinking about your 401(k), you might want to reconsider
A report from Vanguard Group indicated that job switching, while beneficial for increased pay opportunities, may mean a dropoff in your retirement savings.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
Gen Z adults are increasingly saying they do not anticipate having a traditional retirement, and only one in five are saving in preparation. That has experts concerned.
This avoidable spending habit is creating a retirement ‘crisis,’ financial expert warns
Ramsey Solutions personal finance expert and "The Ramsey Show" co-host George Kamel reveals the best ways to secure your retirement savings.
Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
Social Security retirement benefits, on average, will increase by roughly $50 per month starting in January, the Social Security Administration said on Thursday.
Silver ceiling: Career expert warns delayed retirement trend could have 'ripple effect' on younger generations
Older workers reluctant to retire are creating career gridlock for millennials and Gen Z employees who are hoping to climb the career ladder, Axios reported.
These are the top 10 cities for retirees; 5 are in Florida
Florida remained a very retirement-friendly state in 2024, with five locales in the Sunshine State appearing among WalletHub’s 10 best retirement cities.
Americans reveal their biggest financial regret about potential retirement
Setting aside funds for retirement is important – and 22% of U.S. adults reported not starting the practice early enough brought them the most financial regret.
Supreme Court blocks President Biden's SAVE plan again
The Supreme Court rejected Biden's request to reactivate the SAVE plan, leaving millions of borrowers in limbo.
The number of 401(k) millionaires hit a new record high
A new report published by Fidelity Investments shows the number of 401(k) accounts with balances of $1 million or more hit a new record at the end of June.
More Americans are thinking about postponing retirement
A new survey published by LiveCareer shows that a majority of American workers have considered postponing their retirement plans due to financial concerns.
Some Americans to receive rare second Social Security payment in August
Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money — it's due to a quirk in the system.
Best and worst states to retire in America, according to a new report
Bankrate ranked all 50 U.S. states in its report on the best and worst locations to retire. One state was given the top ranking, while another location landed at the bottom of the list.
Social Security benefits are falling short. The problem could soon get worse
Between 2010 and 2024, benefits have risen by about 58% due to the annual cost-of-living adjustments. The cost of most goods and services purchased by the typical retiree rose 73% during that same period.
These two risks to Social Security and Medicare loom large
Inflation has taken a major toll on two of the most-important parts of the federal budget — Social Security and Medicare. There are two big risks threatening those programs.
New 401(k) rule makes it easier to tap savings for emergencies
A new law has made it easier for Americans to tap their 401(k)s and other retirement accounts for emergencies as they continue to battle high inflation.