01 Apr Do you know if your retirement is at risk?
An analysis of data from the Federal Reserve Survey of Consumer Finances found that 47% of U.S. households were at risk of not having adequate retirement income, but only 19% were aware...
Retirement
09 Feb 2024 Key Numbers – Retirement Planning
2024 and 2023 contribution rates for employer and individual retirement accounts, including income phase-outs for IRA deductions and ROTH IRA contributions. Employee/individual contribution limits 1 Must aggregate employee contributions to all 401(k), 403(b),...
01 Jan Retirement Plan Limits for 2024
[caption id="attachment_19120" align="alignleft" width="170"] Retirement savings limits are once again on the rise in 2024.[/caption] Many IRA and retirement plan limits are indexed for inflation each year. Several of these key...
25 Sep Employee Access to Roth 401(k) Plans on the Rise
Roth 401(k) plans can offer an ideal opportunity to build a source of tax-free retirement income. There are no income restrictions to participate, they have much higher contribution limits than...
18 Sep Why Did Retirement Confidence Falter in 2023?
Why Did Retirement Confidence Falter in 2023? In its annual Retirement Confidence Survey of current workers and retirees, the Employee Benefit Research Institute found that workers' confidence in their ability to...
04 Jul How Taxes Impact Your Retirement-Income Strategy
Retirees face several unique challenges when managing their income, particularly when it comes to taxes. From understanding how taxes relate to Social Security and Medicare to determining when to tap...
22 Jun Remote Workers Trade Commutes for Rest
According to a detailed analysis of the American Time Use Survey, individuals who worked at home in 2020 instead of commuting to an office collectively saved 60 million hours each...
26 May Reasons to Roll
When you leave your job or retire, you have an opportunity to manage your funds in an employer-sponsored retirement plan such as a 401(k), 403(b), or government 457(b) plan. Depending...
15 May SECURE 2.0 Helps Small Employers Help Their Employees
[caption id="attachment_18969" align="alignleft" width="169"] 41% of employees with access to a retirement plan at work had saved at least $250,000 by 2022. Source: Employee Benefit Research Institute, 2022[/caption] Approximately 78% of...
24 Apr Retirement Age Expectations vs. Reality
Workers typically plan to retire much later than the actual age reported by retirees. In the 2022 Retirement Confidence Survey, 65% of workers said they expect to retire at age...