Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The 401(k) system, introduced in 1978, is showing its age and grappling with ...
For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: Roll it over. The opportunity to hang on to assets after employees retire — and in turn keep costs ...
The average person in the 55-64 age group has about $245,000 in their 401(k). This isn’t likely to be enough to create enough retirement income. The caveat is that this is just how much they ...
Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places ...
My expectations for an easy, happy retirement were quickly squashed. As I look back I made two major mistakes. First, my husband and I decided to move the year we both retired. As an expert on ...
They say you get better as you get older. This might just be true for 401(k) plans in 2025 for those striding into their golden years. Planning for retirement just got a significant boost for ...
Health savings accounts (HSAs) weren't intended to be retirement accounts, but they're good homes for your savings. They offer similar tax benefits to traditional IRAs, plus tax-free withdrawals ...
A 401(k) is not the only account you can use to make tax-advantaged contributions to a retirement plan. Depending on your income, you may also be eligible to put money into a traditional or Roth IRA.
A decade ago, I couldn’t spell septuagenarian, and yet now, at 72, I am one. A decade ago, I thought I would retire in my 60s. And yet here I am working in my 70s. The reality is that some of us ...
You may be reading this non-spouse inherited Roth 401(k) article because your parent passed away or a favorite aunt or uncle. Condolences. Clearly you may have mixed emotions regarding your ...
You probably already know if your employer offers a 401(k) plan to help you save for retirement. But there may be another option on offer that you are less familiar with — and in some situations ...