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Even among those who had some savings, people say they commonly lacked financial knowledge and were uncomfortable making investment decisions.
June 3
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Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.
June 3
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Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.
May 31 -
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
May 30
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“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.
May 30
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An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.
May 29
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Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
May 29 -
Ensure their contributions don't exceed the limits to avoid a penalty tax.
May 28
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Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
May 28
Portability Services Network and Retirement Clearinghouse -
Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
May 24Portability Services Network and Retirement Clearinghouse
