Over 25% of Americans contributed 3% or less to retirement plans
Americans contributed less to retirement in 2022 and nearly a quarter contributed 3% or less of their income to their 401(k)s.
Expecting a tax refund? Smart ways to use the extra cash
If you received a tax refund this year, there are many different ways to spend your cash to benefit you in the long term, including investments and an emergency fund.
Most Americans falling short of affording basic expenses in retirement: Fidelity
A new study from Fidelity Investments found that Americans' retirement preparedness has dropped sharply since 2020, as people have saved less and invested more conservatively.
Retirement plan balances decreased by nearly 25% in 2022
Despite growth in retirement plan balances in the fourth quarter, savings took a major hit in 2022 and inflation remains a concern for many Americans. Here’s how to pay off high-interest debt and make more room for retirement contributions.
Macron’s government faces vote of no confidence after pushing up retirement age
France's prime minster faces a vote of no-confidence after she pushed through unpopular changes to the federal pension program in a move backed by President Emanuel Macron.
Most seniors say the US is suffering a retirement crisis and many are struggling to save: Survey
Eighty-nine percent of seniors said they are worried that the U.S. is in the grip of a retirement crisis and nearly half are struggling to build their savings, according to American Advisors Group's (AAG) recent survey.
401(k) hardship withdrawals rise as increased cost of living challenges retirement savings: report
Nearly 3% of workers made hardship withdrawals from their defined contribution plan in 2022, an increase from 2.1% in 2021, Vanguard's How America Saves 2023 report said.
Americans with poor longevity literacy at greater risk of outliving retirement savings: Survey
Sixty-three percent of American adults are working with inaccurate longevity measures when they plan for retirement, according to the most recent TIAA Institute-Global Financial Literacy Excellence Center (GFLEC) Personal Finance Index survey.
Sen. Ted Cruz explains how your 401(k) may be politicized
Sen. Ted Cruz, R-Texas, unpacks the financial consequences President Biden's ESG rule could have on Americans and their investments on "Varney & Co."
Biden's ESG rule will 'hurt America's retirement security,' GOP lawmaker warns
After introducing a bill to kill Biden's ESG rule for retirement plans, Rep. Andy Barr is expecting bipartisan support to steer Americans' savings away from politics.
Fidelity: Retirement account balances are down from a year ago but rebounding
Research from Fidelity Investments found that Americans' average IRA and 401(k) balances were down at the end of last year compared to a year ago but are rebounding.
Rising inflation pushed Americans to pick between paying their bills or saving for the future: Allianz
Continued market volatility in the U.S. economy caused many Americans to report that they had to cut down on saving for the future, according to a recent Allianz survey.
Inflation and recession are defining how Americans save for retirement: survey
Half of Americans saving for retirement said they had to pause contributions at some point during 2022 to deal with rising costs, according to a new survey.
Retirees lost 10% of their savings in 2022, survey says
Inflation and market volatility has had a significant impact on retirees' savings, research shows. Here’s what you need to know.
Chevron weighs extending CEO Mike Wirth past mandatory retirement age
Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
Rioters take to streets in France over Macron's pension plan
Demonstrations broke out across France on Saturday in opposition to proposed legislation that would increase the minimum retirement age for full state pension from 62 to 64.
'Sandwich generation' survey says Americans caring for children and aging parents are financially stressed
Sixty-six percent of Americans caring for kids and an aging parent said they are at least "somewhat stressed" about the costs of those responsibilities, a Policygenius survey said.
35% of millionaires say retiring securely will take 'miracle'
Some millionaires are anxious about retiring, with 35% saying doing so securely will take a "miracle," according to a survey from Natixis Investment Managers.
401(k) 'hardship' withdrawals hit record amid cost-of-living crunch
More Americans are using their 401(k) retirement plans to help cover financial hardships as consumers continue to confront persistently high inflation.
NFL Hall of Famer Brett Favre on Tom Brady’s retirement: ‘I have to see it to believe it’
Hall of Fame quarterback Brett Favre weighed in on Tom Brady's decision to retire from the NFL after 23 seasons.