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.
House passes bill to protect elderly, vulnerable Americans from financial exploitation
The House passed the bipartisan Financial Exploitation Prevention Act that aims to protect elderly and vulnerable Americans from being scammed out of their savings.
Americans delay retirement, looking to gig work to make ends meet
With inflation and the cost of living on the rise, older workers are increasingly looking to the gig economy to keep afloat, according to data released by the AARP.
Biden rule letting retirement fund managers consider ESG factors to take effect despite red states' lawsuit
A new rule going into effect Monday allows managers of retirement funds to factor in companies' environmental and social stances when making investment decisions.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
Secure 2.0: More part-time workers will be eligible for 401(k) plans
Part-time employees who’ve worked two consecutive years and completed at least 500 hours of service each year can enroll in their company's 401(k) or 403(b) plans, beginning in 2025, as stated in the Secure 2.0 Act. Here’s what it means for you.
Secure 2.0 Act: Required minimum distribution age increases for IRAs
The required minimum distribution age (RMD) has increased from 72 to 73, meaning Americans can leave their investments in longer before needing to make withdrawals. Here’s what you need to know.
Social Security benefits can be taken to pay student loans in default
Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.
New Year's financial resolutions: Americans look to boost emergency funds in 2023
Building up their emergency funds is a New Year’s financial resolution for many Americans, according to a survey by Personal Capital. Here’s how to boost your savings.
Secure 2.0 Act: Americans will be able to make tax-free transfers of 529 plan funds to Roth IRAs
Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.
Social Security checks with record-high 2023 cost-of-living increase set to arrive this week
Larger Social Security payments are set to begin this week for millions of retired Americans, who will see an 8.7% cost-of-living bump to their benefits.
Secure 2.0 Act helps savers nearing retirement boost catch-up contributions
The Secure 2.0 Act of 2022 – a follow-up to the 2019 Secure Act – allows for an increase in "catch-up" contributions for people nearing retirement.
Secure 2.0 Act will help Americans build emergency savings: Here's how
Beginning in 2024, sponsors of individual account plans can create "emergency savings accounts" that allow employees to make Roth after-tax contributions to special savings account within the retirement plan.
Secure 2.0 Act: Student loan payments will count toward 401(K) matching contributions
The Secure Act 2.0 will let companies make 401(k) employer matches based on employees’ qualified student loan payments, beginning in 2024. Here’s how to pay down student loan debt quickly.
Secure 2.0 Act aims to revamp retirement savings system: What it means for you
The Secure 2.0 Act, which was been signed into law, may help Americans save more for retirement. Here’s what you need to know.
Inflation, market volatility pushes most Americans to set money goals in 2023: report
Many Americans are looking to improve their finances, and are planning ahead for 2023. Here's what you can do to achieve your financial goals.
Nearly half of workers don't have a 401(k): Here's how you can start saving
Nearly half of private sector workers don’t have access to a 401(k) at work, but you can open an IRA and take other steps to save for retirement.
Congress includes major retirement overhaul in year-end $1.7T spending bill
The $1.7 trillion omnibus spending package includes a series of provisions that could overhaul the U.S. retirement system and allow Americans to save more.
Most Americans worried that Social Security benefits won't keep up with inflation: AARP survey
Ninety percent of Americans who are already drawing Social Security retirement benefits, or are in line to receive them, said they're worried payments won't keep up with inflation, according to a recent AARP survey.
Adults worry inflation is creating retirement shortfall for parents, see home equity as solution: survey
Amid concern over whether aging parents will have enough retirement savings, a growing number of adults have embraced the idea of using their parents' home equity as a financial solution, according to an American Advisors Group (AAG) survey.