#retirement-savings
#retirement-savings

Rachel Reeves expected to review pensions auto-enrolment

The review, led by the Department for Work and Pensions, will explore raising auto-enrolment contributions from the current level of 8% of worker earnings, with employees currently paying in 5% and the employer adding 3%.

US politics

Should You Stop Saving for Retirement and Hoard Cash?

Stay committed to retirement savings amidst market uncertainty; invest in quality stocks while prices are low.

Startup companies

My wife and I have saved $1 million in our 401(k) - how much money do we need to have in our brokerage account?

Cryptocurrency

All-In on QQQ? These 3 ETFs Offer a Smarter Path to Growth

2 days ago

Retirement

How Many Americans Have Managed to Save $5 Million for Retirement?

Should You Stop Saving for Retirement and Hoard Cash?

Stay committed to retirement savings amidst market uncertainty; invest in quality stocks while prices are low.

Startup companies

My wife and I have saved $1 million in our 401(k) - how much money do we need to have in our brokerage account?

Cryptocurrency

All-In on QQQ? These 3 ETFs Offer a Smarter Path to Growth

2 days ago

Retirement

How Many Americans Have Managed to Save $5 Million for Retirement?

more#investment-strategy

I'm 35 and worried about my retirement - how can I get help reviewing my Roth IRA?

Investing in individualized stocks is risky; use diversified portfolios for retirement savings.

It's important to seek professional advice to assess retirement savings and investment strategies.

I Want To Retire In 7 Years And Have $4M Socked Away, How Much Cash Is The Right Number?

Deciding retirement savings depends on individual spending needs and lifestyle choices.

Startup companies

If You're Counting On A 401(K) For Retirement These Are The Mistakes To Avoid First

Avoiding high fees and borrowing against a 401(k) can significantly impact your retirement savings.

Maximize employer contributions in a 401(k) before transitioning to an IRA to minimize fees.

How does Your 401(k) Compare to the Average?

Most individuals lack sufficient savings in their 401(k) to retire comfortably.

Awareness of your 401(k) balance in comparison to averages can motivate better savings strategies.

Regular investments and maximizing employer matches can significantly improve retirement security.

Roam Research

3 Reasons You Should Be Saving for Retirement in a Roth IRA

Roth IRAs allow tax-free investment gains and withdrawals, providing significant advantages for retirement savings.

If I Retire Early, Do I Have To Leave My Whole 401(k) Untouched?

Early 401(k) withdrawals incur penalties unless under certain conditions, such as the Rule of 55.

I'm 35 and worried about my retirement - how can I get help reviewing my Roth IRA?

Investing in individualized stocks is risky; use diversified portfolios for retirement savings.

It's important to seek professional advice to assess retirement savings and investment strategies.

I Want To Retire In 7 Years And Have $4M Socked Away, How Much Cash Is The Right Number?

Deciding retirement savings depends on individual spending needs and lifestyle choices.

Startup companies

If You're Counting On A 401(K) For Retirement These Are The Mistakes To Avoid First

Avoiding high fees and borrowing against a 401(k) can significantly impact your retirement savings.

Maximize employer contributions in a 401(k) before transitioning to an IRA to minimize fees.

How does Your 401(k) Compare to the Average?

Most individuals lack sufficient savings in their 401(k) to retire comfortably.

Awareness of your 401(k) balance in comparison to averages can motivate better savings strategies.

Regular investments and maximizing employer matches can significantly improve retirement security.

Roam Research

3 Reasons You Should Be Saving for Retirement in a Roth IRA

Roth IRAs allow tax-free investment gains and withdrawals, providing significant advantages for retirement savings.

If I Retire Early, Do I Have To Leave My Whole 401(k) Untouched?

Early 401(k) withdrawals incur penalties unless under certain conditions, such as the Rule of 55.

more#financial-planning

3 Changes to the 401(k) Laws Congress Should Make - But Probably Won't

Automatic enrollment in 401(k) accounts could significantly boost retirement savings for low and middle-class Americans.

fromAol

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement plan administrators continue to use insecure paper checks for rollovers, exposing savers to significant risks and complications.

10 best states for retirees

Choosing the right state for retirement can stretch savings further amid economic uncertainty.

Average retirement savings vary significantly, emphasizing the need for personalized financial planning.

Miscellaneous

How Many Americans Don't Even Have $10,000 Saved For Retirement? It May Be More Than You Think

5 days ago

Retirement

Born into crisis, gen Z is saving for retirement like no other generation | Gene Marks

3 Changes to the 401(k) Laws Congress Should Make - But Probably Won't

Automatic enrollment in 401(k) accounts could significantly boost retirement savings for low and middle-class Americans.

fromAol

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement plan administrators continue to use insecure paper checks for rollovers, exposing savers to significant risks and complications.

10 best states for retirees

Choosing the right state for retirement can stretch savings further amid economic uncertainty.

Average retirement savings vary significantly, emphasizing the need for personalized financial planning.

Miscellaneous

How Many Americans Don't Even Have $10,000 Saved For Retirement? It May Be More Than You Think

5 days ago

Retirement

Born into crisis, gen Z is saving for retirement like no other generation | Gene Marks

more#financial-security

#germany

Germany news

'I store cash at home': Why Americans in Germany struggle to save for retirement

3 weeks ago

Germany politics

'10 a month': Germany to set up pension accounts for all children from age 6

Germany news

'I store cash at home': Why Americans in Germany struggle to save for retirement

3 weeks ago

Germany politics

'10 a month': Germany to set up pension accounts for all children from age 6

more#germany

A Gen Xer bumped her pay to $100K by taking on a second office job with her employer - and she works a side hustle to manage the stress

When Rivera started her second role in 2020, her pay increased to about $100,000 from roughly $60,000. Additionally, when she accepted the extra position, she initially worked 80-hour weeks but has since scaled back to about 60 hours.

NYC startup

fromMoneywise

NYC man lost $114K - his entire 401(k) - after his physical check from Paychex was stolen. So why do 43% of retirement savers still have to deal with this 'outdated' and 'insecure' method?

Paper-based 401(k) rollovers expose savers to significant risks including fraud, delays, and limited protections.

Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?

Consider the long-term costs of withdrawing from retirement accounts to pay down debt.

Having $3M in Investments-Why Doesn't It Feel Sufficient?

Reaching $3 million in retirement savings by age 50 is a significant accomplishment despite personal financial uncertainties.

Retirement

Dave Ramsey's Warning: Don't Tap Your 401(k) to Pay Your Mortgage

Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?

Consider the long-term costs of withdrawing from retirement accounts to pay down debt.

Having $3M in Investments-Why Doesn't It Feel Sufficient?

Reaching $3 million in retirement savings by age 50 is a significant accomplishment despite personal financial uncertainties.

Retirement

Dave Ramsey's Warning: Don't Tap Your 401(k) to Pay Your Mortgage

Bootstrapping

Is Contributing to a 401(k) Worth It on a $32,000 Salary? Here's What I Discovered

Retirement

How to Build Wealth Without a Six-Figure Salary - What Actually Works

Retirement

I just discovered my 401(k) has a hidden clause forcing half into an annuity if I die - is this normal?

Retirement

Thinking of Putting All Your Savings Into VOO? Here's Why You May Not Want To

Bootstrapping

Is Contributing to a 401(k) Worth It on a $32,000 Salary? Here's What I Discovered

Retirement

How to Build Wealth Without a Six-Figure Salary - What Actually Works

Retirement

I just discovered my 401(k) has a hidden clause forcing half into an annuity if I die - is this normal?

Retirement

Thinking of Putting All Your Savings Into VOO? Here's Why You May Not Want To

Why more parents are supporting their adult children financially

Parents of grown children are increasingly providing financial support, affecting their retirement savings.

You Can't Trust This Long-Standing Retirement Rule Any More

The 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Having $3 million doesn't guarantee retirement at 50; lifestyle and assets structure are crucial.

I'm turning 60 and want to know if I can retire on $800k

Retirement savings of $800,000 may support modest lifestyles, but personal expenses greatly influence retirement feasibility.

Retirement

Is a 25% match in a 401(k) too good to be true?

Retirement

Is $10 Million the New Baseline for a Care-Free Retirement in America?

You Can't Trust This Long-Standing Retirement Rule Any More

The 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Having $3 million doesn't guarantee retirement at 50; lifestyle and assets structure are crucial.

I'm turning 60 and want to know if I can retire on $800k

Retirement savings of $800,000 may support modest lifestyles, but personal expenses greatly influence retirement feasibility.

Retirement

Is a 25% match in a 401(k) too good to be true?

Retirement

Is $10 Million the New Baseline for a Care-Free Retirement in America?

more#retirement-planning

#economic-policy

UK politics

The Guardian view on Labour's pension reforms: building on flawed foundations | Editorial

Rachel Reeves advocates for UK pension funds to invest in local infrastructure, addressing both retirement savings and economic regeneration.

US politics

We went to the anti-Trump protests. Here's what surprised us the most.

Nationwide protests targeted President Trump for policies perceived to benefit the wealthy while negatively impacting the economy and retirement savings.

UK politics

The Guardian view on Labour's pension reforms: building on flawed foundations | Editorial

Rachel Reeves advocates for UK pension funds to invest in local infrastructure, addressing both retirement savings and economic regeneration.

US politics

We went to the anti-Trump protests. Here's what surprised us the most.

Nationwide protests targeted President Trump for policies perceived to benefit the wealthy while negatively impacting the economy and retirement savings.

Cryptocurrency

1000-Point Market Swings Signal Danger: Boomers Should Move to 5 Guaranteed Dividend Investments

fromThe Motley Fool

Marketing tech

Stock Market Sell-Off: 2 Growth Stocks to Buy Hand Over Fist | The Motley Fool

Cryptocurrency

1000-Point Market Swings Signal Danger: Boomers Should Move to 5 Guaranteed Dividend Investments

fromThe Motley Fool

Marketing tech

Stock Market Sell-Off: 2 Growth Stocks to Buy Hand Over Fist | The Motley Fool

more#market-volatility

#financial-well-being

I Live in a $1M Home and Have $3M Saved Up at 50 -- Why Does It Feel Like I'm Behind?

Avoid comparing your wealth to that of others to maintain a positive self-image and focus on personal accomplishments.

fromFast Company

Retirement

Should you worry about the stock market tanking your 401(k)? Here's what to know

I Live in a $1M Home and Have $3M Saved Up at 50 -- Why Does It Feel Like I'm Behind?

Avoid comparing your wealth to that of others to maintain a positive self-image and focus on personal accomplishments.

fromFast Company

more#financial-well-being

Retirement

Should you worry about the stock market tanking your 401(k)? Here's what to know

What I Wish I Knew Before Setting Up a 401k: Lessons from My Small Business Experience

Offering a 401(k) plan is essential for small businesses to retain employees and promote retirement savings.

#investment-strategies

After Missing Both My, And My Employers 401(K) Contributions, What Options Exist To Fix My Retirement Situation?

Investing in a 401(k) is essential for retirement saving, especially if started promptly after missed contributions.

Retirement

I'm 38 with a $3.5 million net worth - how do people go from 7 figures to high 8 or 9 figures in a decade?

Mental health

After A Decade Of Saving I Only Have $140K In My Retirement Account. When Will Things Turn Around?

After Missing Both My, And My Employers 401(K) Contributions, What Options Exist To Fix My Retirement Situation?

Investing in a 401(k) is essential for retirement saving, especially if started promptly after missed contributions.

Retirement

I'm 38 with a $3.5 million net worth - how do people go from 7 figures to high 8 or 9 figures in a decade?

more#investment-strategies

Mental health

After A Decade Of Saving I Only Have $140K In My Retirement Account. When Will Things Turn Around?

fromDigital Insurance

Family caregiving responsibilities impact women investors' careers, Nationwide

Economic uncertainty and caregiving duties hinder women's retirement savings across generations.

fromwww.nytimes.com

Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.

Victims of online scams face surprising and burdensome tax liabilities after draining retirement savings to fraudsters.

Pause Saving for Your Future To Buy a House Now, According to Dave Ramsey

Dave Ramsey advises potential homebuyers to temporarily pause retirement contributions to fund down payments, a controversial but pragmatic strategy.

Roam Research

Clark Howard explains how if you save a dollar in a Roth IRA you save $1 but it's not the case if you do the same in a 401(k)

Roth accounts provide better long-term savings by locking in current lower tax rates compared to traditional 401(k)s.

SF real estate

fromSFGATE

Pause Saving for Your Future To Buy a House Now, According to Dave Ramsey

Dave Ramsey advises potential homebuyers to temporarily pause retirement contributions to fund down payments, a controversial but pragmatic strategy.

Roam Research

Clark Howard explains how if you save a dollar in a Roth IRA you save $1 but it's not the case if you do the same in a 401(k)

more#financial-advice

I've Socked Away $3M For Retirement, 20 Years Ahead Of Schedule, But Still Can't Get Comfortable Spending

Fear of spending money stems from upbringing despite having substantial savings.

fromwww.independent.co.uk

Baby Boomer Savings Are Being Eaten Alive Right Now

Baby boomers face retirement savings shortfalls due to inflation, rising healthcare costs, and inadequate savings.

The increase in living expenses erodes baby boomers' purchasing power significantly.

UK news

New DWP tool will help savers recover lost pensions worth 9,000 on average

The Pensions Dashboard will help people efficiently track their pensions and combat the rising problem of lost pension pots.

Don't let them sue: What private-equity bosses want from Trump on 401(k)s

Slow adoption of private-equity investments in 401(k) due to concerns over litigation risks.

Industry leaders seek legal protections to promote alternative assets for retirement plans.