Written by I guess this is more of a tax implication question. My wife and I both make comparable salaries and we each contribute the maximum per year into our 401k's and we usually max out around October. We also usually each get profit sharing from our respective companies each year. The profit sharing in most instances […]
The 401(k) contribution limit for employees in 2025 has increased to $23,500, up from $23,000 in 2024. The employer contribution limit also rises to $46,500, bringing the combined employee and employer 401(k) contribution limit to $70,000 for 2025. Don’t underestimate the power of employer 401(k) contributions, especially as you advance in your career. As you […]
Expert on retirement savings Indira Venkat serves as the Senior Vice President of Research at AARP, she joins LiveNOW from FOX to discuss a recent survey that found more than 20% of adults ages 50 and older have no retirement savings. Venkat explains how Americans are worried about covering basic expenses. The Internal Revenue Service (IRS) […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. A workplace 401(k) plan helps you save a substantial amount each year for retirement, but there are annual limits on contributions by you and your employer. Whether you choose a traditional 401(k) for the […]
A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan. Source link
Ranked: The top 10 states by average retirement savings Across all states, Americans have saved $498,000 on average for retirement. Which states have residents with the highest average retirement savings? Using anonymized data from over two million Empower Personal Dashboard™ users, we explore these geographic trends. States with the highest average retirement savings Many Americans […]
Wise Bread Picks ShareThis For those who are caring for their aging parents and raising kids at the same time, it can often seem like there’s never enough time, money, or energy to provide for all the family members who need you. In particular, handling finances when two different generations are relying on you can […]
Wise Bread Picks ShareThis Turning the big 4-0 is a perfect time to reflect on how far you’ve come in life, the milestones you’ve surpassed, and the relationships you’ve built. But for some people — especially those who don’t have their financial ducks in a row — it’s a time when panic sets in. After […]