Personal finance expert breaks down the No. 1 rule on the road to becoming a millionaire
"The Ramsey Show's" Rachel Cruze explains why getting ahead on retirement savings, making the most of your company's 401(k) plan and not delaying Roth IRAs can lead to millionaire status.
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.
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.
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.
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.
This one assumption could make you run out of money in retirement
Planning for retirement means planning long term and to do that, even tiny errors can make a huge difference. Here's one assumption that can put you on the wrong path.
Americans are saving more for retirement, but they're nowhere near the 'magic number'
A new Vanguard report shows that Americans are saving more money for retirement, but it's nowhere near the "magic figure" needed to retire comfortably.
Retirement crisis looms as women's savings just one-third of men's: report
Women in the U.S. are facing a potential retirement crisis, with a new survey of 55- to 75-year-old Americans finding that women's savings amount to just one-third of men's.
Looking for a new job? These are the financial secrets of signing on with a company
When you sign on to a new job, there are plenty of financial aspects to be mindful of in order to make the most money you possibly can.
Stocks sink after weak GDP data, Meta's miss
The Dow nosedived along with the S&P 500 and Nasdaq Composite after a fresh read on U.S. GDP fell well short, and earnings Facebook parent Meta disappointed investors.
Biden issues new rule to crack down on bad retirement advice
The Labor Department on Tuesday finalized a rule that aims to crack down on retirement advice given by financial advisers, brokers and insurance agents.
Cost of living hinders younger generations from saving for retirement: Fidelity
Fidelity Investment's annual State of Retirement study found that over half of Millennials and Gen Z think saving for retirement will be harder in comparison to their parents.
401(k) 'hardship' withdrawals surge to another record as high inflation stings
Hardship withdrawals allow workers to tap their 401(k) for an 'immediate and heavy financial need'
Student loan payments hinder retirement savings – Here's how employers are helping
Americans with student loan payments contribute at a lower rate and have smaller overall balances in their 401(k) accounts, a report from the Employee Benefit Research Institute (EBRI) study said.
How the types of employee benefits offered play a critical role in recruiting top talent
Employee benefits are a crucial part of a corporate strategy to recruit top talent and include health care, insurance, paid time off and retirement plans.
401(k)s vs pension plans: What's the difference?
Pension plans and 401(k) plans can both help workers during their retirement years. While once commonplace, pensions have largely been replaced by 401(k)s in the private sector.
401(k) plans include these hidden benefits you need to know about
Uncover the hidden advantages of a 401(k) beyond savings. From employer matches to tax efficiency and creditor protection, maximize your retirement strategy.
Investment company announces new non-woke, anti-ESG shareholder-focused retirement plan for small businesses
Strive Asset Management is launching a new non-woke and anti-ESG 401(k) retirement plan that its CEO says will prioritize shareholder profits, unlike large investment companies.
Revamp your finances: Smart financial new year's resolutions for 2024
When outlining your resolutions for the coming year, prioritize your financial wellness. Get expert guidance as a certified financial planner shares 2024's resolutions.
Higher contribution limits are coming for 401(k)s and IRAs next year
The IRS earlier this year lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans beginning in 2024.