401(k)

Dave Ramsey, a renowned personal finance expert, has shared his views on the prioritization of 401(k) plans over college funds. He believes that saving for retirement should take precedence over saving for a child’s college education. What Happened: Ramsey, in an email to TheStreet,...

Entrepreneur and “Shark Tank” investor, Kevin O’Leary, has expressed concern over the increasing difficulty Americans are experiencing in contributing to their 401(k) plans due to overspending. What Happened: Despite acknowledging the importance of 401(k) plans as...

Employers and plan administrators quietly shunt forgotten 401(k)s into high-fee, low-yield "safe-harbor" IRAs, potentially costing millions of job-hopping Americans tens of thousands in retirement savings, PensionBee's research shows. What Happened: The company analyzed accounts under $7,000 that...

The Labor Department lifted restrictions that previously discouraged the inclusion of cryptocurrencies in 401(k) retirement plans on Wednesday. What Happened:  The Department of Labor's Employee Benefits Security Administration rescinded a Biden-era guidance that had urged plan...

Personal‑finance coach Dave Ramsey has a blunt message for workers fretting over market swings and shrinking 401(k) balances: your paycheck, not Wall Street headlines, is the real lever of wealth. What Happened: In an interview with The Street, Ramsey said Americans still view employer‑sponsored...

As market volatility rises amid tariff concerns and retirement account withdrawals hit record highs, Jim Cramer advocates for greater political consideration of investor interests, challenging the notion that stock market participants are exclusively wealthy elites. What Happened: CNBC’s...

Workers often forego billions of dollars in gains that they could have made off their retirement plans. Why? They unknowingly roll their savings into cash holdings instead of new investments after they switch jobs. When a 401(k) balance from an old company’s plan is rolled over into an...

The majority of us have been told saving for retirement starts with a 401(k). 401(k) is actually the section of the tax code that allows earners and employers to create an account that is not taxed at the time of earnings. The strategy is that money is taken directly from earnings, pre-tax, and put...

Investing in a 401(k) retirement plan is a strategic move that offers numerous benefits, making it one of the most attractive options for securing your financial future. This employer-sponsored retirement account provides a structured and efficient way to save for retirement, and its advantages are...

As you get closer to retirement, one of the most common questions you may have is, "Do I have to pay taxes on my retirement income?"  If you are like the majority of Americans who have a bulk of their savings in tax-deferred accounts, the answer is yes. This comes as a shock to...

As retirees and those entering retirement start to shift gears from earning to harvesting it can be an intricate field to navigate. There may be complexities for individuals when it comes to commonly analyzed items such as Social Security maximization or portfolio performance. However, some...

Forty-five years ago, President Jimmy Carter signed the Revenue Act of 1978. The act was designed to reduce the tax burden on individuals and corporations by widening the tax brackets… reducing taxes on capital gains… and introducing flexible spending accounts. But the biggest...

What if I told you that your million-dollar 401(k) might not be your ticket to a dream retirement? Don’t believe me? Let me explain. The 401(k) And Its Purpose A 401(k) is a defined contribution employer sponsored retirement plan which you can contribute to for retirement. It was created as...

Rolling over a 401(k) plan can be a complex and daunting process, especially if you’re not familiar with the intricacies of the system. However, with careful planning and expert guidance, you can avoid many of the most common mistakes and enjoy a smooth transition. In this article, Benzinga...

Saving as much as $20,000 per year might seem impossible, but by making some simple sacrifices and maintaining financial discipline, this goal is within reach for anyone. Here is a list of 10 lifestyle changes that save major cash. 1. Make Your Own Meals Drink the free coffee at work instead of...