Retirement

Employees in the agriculture, mining and construction industries have an average of $185,511 in retirement savings.

The Goldman Sachs 2024 Retirement Survey & Insights Report found that while competing priorities affected workers' ability to save, having a plan in place helped clarify goals and the grit required to meet them.

Most companies that offer to match employees' 401(k) contributions offer a match of between 3.00% and 4.99% of their employee's pay.

The court filings seek to overturn two injunctions federal courts imposed after finding the Department of Labor's new conduct standard is too similar to a previous one vacated in 2018.

Those aged 25 and younger have an average 401(k) balance account of $7,351 and a median balance of $2,816.

These popular savings vehicles aren't designed to keep 401(k) balances subject to automatic distributions in a safe harbor over the long haul.

Most Americans wish they had started saving for retirement sooner and that they hadn't withdrawn money early from retirement accounts, a recent study says.

Barriers to long-term saving include inflation, student loans, all-time high credit card balances, childcare expenses, medical bills and other immediate financial forces.

The next few weeks will be critical as the COLA is determined on the average inflation rate in the third quarter — July, August and September — versus the average third-quarter inflation a year ago.

Clients have several options to tackle this unpleasant topic, but for advisers, the best time to start the discussion is now.