#retirement-savings

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US news
fromwww.housingwire.com
2 hours ago

Most Gen Xers doubt their retirement readiness

Gen Xers face retirement shortfalls, expect $1.57M needed, high financial stress, sandwich-generation burdens, and reduced clarity and expectations about inheritance.
Real estate
from24/7 Wall St.
9 hours ago

Millennials Seek Financial Advice at Age 29, Nearly a Decade Earlier Than Gen X

Millennials begin working with financial advisors at an average age of 29, nearly a decade earlier than Generation X and two decades earlier than baby boomers.
Business
from24/7 Wall St.
1 day ago

75% of Americans With a Financial Advisor Say They'll Be Ready for Retirement, Only 45% Without

Working with a financial advisor increases the likelihood of being prepared for retirement, especially for those who struggle to save or understand investing.
#social-security
Business
from24/7 Wall St.
3 days ago

As A Boomer I Invest 7% of My Income Monthly, is That Too Much, or Too Little?

Baby boomers should aim to save at least 15% of current income for retirement and substantially more if starting late or carrying significant debt.
Business
from24/7 Wall St.
3 days ago

Financial Anxiety Drops in Half for Those Who Work With Advisors

Working with a vetted financial advisor significantly increases financial security and helps manage budgeting, debt, saving, investing, and emergency preparedness.
#retirement-planning
Retirement
fromBusiness Insider
3 months ago

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.
Retirement
from24/7 Wall St.
4 months ago

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
from24/7 Wall St.
4 months ago

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.
Retirement
fromBusiness Insider
3 months ago

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.
Retirement
from24/7 Wall St.
4 months ago

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
from24/7 Wall St.
4 months ago

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.
#early-retirement
Retirement
from24/7 Wall St.
3 months ago

$5 Million at 50-Something: Rich Enough to Retire, or Just Scared?"

Many Americans dream of early retirement, but its feasibility is declining; for those with sufficient savings, it is possible, yet comes with challenges.
fromIrish Independent
1 week ago

Women have an average 40pc less in pension pot as 'staggering' gender divide exposed

The average Irish woman's pension pot is a "staggering" 40pc less than men's. An average pension pot for a man in Ireland is €102,000. But it is only €60,500 for women, according to research by the Irish-owned network of financial advisers Ask Acorn. This means that Irish women have on average saved around €41,400 less into their pension pots than men, indicating a gender pension gap of 40pc, according to a survey conducted by iReach for Ask Acorn.
Miscellaneous
fromwww.mercurynews.com
1 week ago

Do you live here? 41 states where you might outlive your retirement savings

Seniors in 41 states are projected to have more expenses than income during their golden years, putting them at risk for outliving their retirement savings, according to a new study by Seniorly, an assisted living online marketplace. The amount they're missing, on average, over the course of their retirement years: $115,000. RELATED: Leaving California: Where's the best state to move to in 2025? In California, the gap between projected income and expenses for retirees is far higher: $337,000. Along with the Golden State, three other states New York, Hawaii and Alaska have the nation's highest retirement gaps, where people's income likely can't keep up with expenses.
US news
fromRefinery29
2 weeks ago

I'm 31, I Make $166K & Egg-Freezing Treatment Has Me Struggling

Welcome toMoney Diaries where we are tackling the ever-present taboo that is money. We're asking real people how they spend their hard-earned money during a seven-day period - and we're tracking every last dollar.Today: a psychiatric nurse practitioner who makes $166,000 per year and who spends some of her money this week on a post-surgery Uber. Editor's Note and Content Flag: This is a follow-up diary.
Education
#financial-planning
from24/7 Wall St.
2 weeks ago
US news

U.S. Retirement Crisis: More than Half of Americans Have Less Than $10,000 Saved While Only 0.1% Hold $5 Million Plus

Retirement
from24/7 Wall St.
4 months ago

Do These 3 Things to Beat the Average American's 401(k)

Saving for retirement is essential to avoid financial struggle.
Starting to save early increases your 401(k) balance significantly.
Claiming employer matches on 401(k) contributions is crucial for retirement.
Retirement
from24/7 Wall St.
4 months ago

We're 37 and got a late start on retirement savings. How much should we aim to save now?

You can start catching up on retirement savings even in your 30s with careful budgeting and investing.
from24/7 Wall St.
2 weeks ago
US news

U.S. Retirement Crisis: More than Half of Americans Have Less Than $10,000 Saved While Only 0.1% Hold $5 Million Plus

Retirement
from24/7 Wall St.
4 months ago

Do These 3 Things to Beat the Average American's 401(k)

Saving for retirement is essential to avoid financial struggle.
Starting to save early increases your 401(k) balance significantly.
Claiming employer matches on 401(k) contributions is crucial for retirement.
#401k
fromAol
3 months ago
Retirement

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

Retirement
from24/7 Wall St.
3 months ago

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.
Retirement
fromAol
3 months ago

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.
Retirement
from24/7 Wall St.
3 months ago

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.
US politics
fromSFGATE
3 weeks ago

200,000 Retirees in South Dakota Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

A federal tax overhaul will eliminate federal taxes on Social Security for most retirees in South Dakota, benefiting around 200,000 seniors.
#financial-security
fromAxios
1 month ago

Private credit may come to your 401(k). Do you invest?

Private credit allows investors to lend money to private companies rather than buying stock, offering high risk and high reward, often independent of the stock market.
US politics
fromwww.bbc.com
1 month ago

Trump opens door for crypto in retirement accounts

President Trump is making moves to ease regulations on using retirement savings for investments in cryptocurrencies, private equity, and other non-traditional assets.
US politics
#pensions
#financial-goals
Retirement
fromwww.theguardian.com
2 months ago

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

Gen Z is leading in retirement savings, surpassing previous generations significantly in 401(k) contributions.
fromThe Local Germany
2 months ago

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

The federal government aims to encourage school children in Germany to think about saving for retirement from an early age through an early start pension initiative.
Germany politics
#401k-plans
Retirement
from24/7 Wall St.
3 months ago

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.
Retirement
from24/7 Wall St.
3 months ago

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.
fromBusiness Insider
3 months ago

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
Retirement
fromwww.ocregister.com
3 months ago

10 sources of emergency cash, ranked from best to worst

Consider short-term securities and low-risk assets first when facing unexpected expenses.
Roth IRA contributions allow penalty-free withdrawals but may jeopardize retirement savings.
Cash values from life insurance policies can provide emergency funds when needed.
A 401(k) loan, while helpful, could negatively impact long-term retirement savings.
Retirement
fromMoneywise
3 months ago

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.
from24/7 Wall St.
3 months ago

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

When faced with rising rent and mounting debt, the temptation to dip into a 401(k) to buy a home can be strong, but personal finance expert Dave Ramsey warns against it.
Retirement
Retirement
from24/7 Wall St.
3 months ago

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

The Vanguard S&P 500 ETF (VOO) provides solid exposure to large companies for retirement savings, but diversification is crucial.
Retirement
from24/7 Wall St.
3 months ago

Should I give up my low 2.3% mortgage rate to buy my dream $650k home?

Homeowners must weigh financial benefits of low mortgage rates against lifestyle needs, especially with future family considerations.
Retirement
from24/7 Wall St.
3 months ago

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.
Parenting
fromFast Company
3 months ago

Why more parents are supporting their adult children financially

Parents of grown children are increasingly providing financial support, affecting their retirement savings.
UK politics
fromwww.theguardian.com
4 months ago

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.
from24/7 Wall St.
4 months ago

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

The recent market dip was described by Wells Fargo as an 'attractive entry point,' indicating that purchasing QQQ and other growth ETFs could be worthwhile.
Cryptocurrency
Retirement
fromFast Company
4 months ago

3 tips to balance your short-term and long-term savings goals

Balance saving for short-term goals without neglecting long-term investments, as compounding plays a crucial role in financial growth.
#market-volatility
Retirement
from24/7 Wall St.
4 months ago

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.
Retirement
from24/7 Wall St.
4 months ago

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.
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