401(k)

The proposal to limit the 401(k) tax deductions would affect 55 million Americans of all ages and income levels, according to study.

The proposal to limit the 401(k) tax deductions would affect 55 million Americans of all ages and income levels, according to study.

House Republicans’ tax-overhaul bill will raise the amounts that American workers can contribute to their 401(k) retirement accounts, House Majority Leader Kevin McCarthy said Sunday.

Congress’s proposed limit on retirement contributions could hurt low, middle-income workers.

Congress’s proposed limit on retirement contributions could hurt low, middle-income workers.

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Retirement readiness would vastly improve by requiring auto features, increasing HSA contribution limits, and outlawing participant loans, among other recommendations, says adviser Robert Lawton.

House Ways and Means Chairman Kevin Brady said he’s exploring ideas to create incentives for people to save more.

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

In one year, Betterment for Business has helped the company increase plan participation by more than 60%.