Saving up $1 million is an applaud-worthy achievement worth celebrating. Indeed, anyone who reaches such a milestone is now officially a millionaire. And why a few million more saved up for retirement ...
Quick Read The retiree holds $1.1M in a 401k and is evaluating reverse mortgage options. Verizon offers a 6.7% dividend yield as an alternative passive income source. Systematic 401k withdrawals or ...
Someone in Generation X who is 59 in July but turns 60 in September 2025 could contribute up to the maximum of $34,750 in a 401(k) plan in 2025. The maximum contribution to a 401(k) plan that any ...
So, you’ve done a good job of saving for retirement and have a nice balance in your retirement account. Then a problem comes up and you are unable to pay a rather large financial obligation. There ...
Paul Nolte, Senior Wealth Advisor & Market Strategist for Murphy & Sylvest, joins Wendy Snyder (in for Bob Sirott) to talk about why it’s important to keep track of your 401K and ...
Among those currently participating in a workplace retirement plan (e.g. 401k, 403b, or 457), nearly one-quarter of GenXers (24%) borrowed from the plan compared to 17% of Millennials and 21% of Baby ...
In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change. Retirement savers with 401(k) accounts are gaining ...
Forbes contributors publish independent expert analyses and insights. Sandy Carter, COO at Unstoppable, Top 10 Microsoft MSN AI Entrepreneur In Q1 2025 Americans were holding approximately $8.7 ...
Many Americans are unintentionally leaving pieces of their retirement savings behind when they change jobs. Small 401k balances belonging to former employees are increasingly being shifted into “safe ...
SALT LAKE CITY — It's open enrollment season for many workers, making it the perfect time to review all your workplace benefits to ensure you're maximizing what's available to you. One area you should ...
Your 401k can be a bridge from retirement to a higher monthly income. Trump’s win streak on Supreme Court emergency docket ...
We in the financial planning world love our acronyms: 401k, IRA, TSP, RMD, S&P500 and many more. You likely have an alphabet soup in your investment portfolio. Let's do some de-coding. Essentially, ...