401(k)

Money

Looking for a new job? These are the financial secrets of signing on with a company

When you sign on to a new job, there are plenty of financial aspects to be mindful of in order to make the most money you possibly can.

Markets

Stocks sink after weak GDP data, Meta's miss

The Dow nosedived along with the S&P 500 and Nasdaq Composite after a fresh read on U.S. GDP fell well short, and earnings Facebook parent Meta disappointed investors.

Politics

Biden issues new rule to crack down on bad retirement advice

The Labor Department on Tuesday finalized a rule that aims to crack down on retirement advice given by financial advisers, brokers and insurance agents.

Economy

Cost of living hinders younger generations from saving for retirement: Fidelity

Fidelity Investment's annual State of Retirement study found that over half of Millennials and Gen Z think saving for retirement will be harder in comparison to their parents.

Economy

401(k) 'hardship' withdrawals surge to another record as high inflation stings

Hardship withdrawals allow workers to tap their 401(k) for an 'immediate and heavy financial need'

Student loan payments hinder retirement savings – Here's how employers are helping

Americans with student loan payments contribute at a lower rate and have smaller overall balances in their 401(k) accounts, a report from the Employee Benefit Research Institute (EBRI) study said.

How the types of employee benefits offered play a critical role in recruiting top talent

Employee benefits are a crucial part of a corporate strategy to recruit top talent and include health care, insurance, paid time off and retirement plans.

401(k)s vs pension plans: What's the difference?

Pension plans and 401(k) plans can both help workers during their retirement years. While once commonplace, pensions have largely been replaced by 401(k)s in the private sector.

Money

401(k) plans include these hidden benefits you need to know about

Uncover the hidden advantages of a 401(k) beyond savings. From employer matches to tax efficiency and creditor protection, maximize your retirement strategy.

Politics

Investment company announces new non-woke, anti-ESG shareholder-focused retirement plan for small businesses

Strive Asset Management is launching a new non-woke and anti-ESG 401(k) retirement plan that its CEO says will prioritize shareholder profits, unlike large investment companies.

Markets

Revamp your finances: Smart financial new year's resolutions for 2024

When outlining your resolutions for the coming year, prioritize your financial wellness. Get expert guidance as a certified financial planner shares 2024's resolutions.

Personal Finance

Higher contribution limits are coming for 401(k)s and IRAs next year

The IRS earlier this year lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans beginning in 2024.

Money

Pension plans: The reasons behind the decline of fund contributions in today's job market

FOX Business is exploring the disappearance of pension plans in the contemporary job market. The reasons for the scarcity are due to the rise in individual retirement needs.

Personal Finance

New IRS 401(k), IRA contribution limits a win if you need catching up

The IRS has announced new contribution limits for 401(k) plans, as well as an ammendent to IRA catch-up contribution limits, both of which can help workers reach their retirement goals faster.

Personal Finance

Retirement crisis: Great Recession takes its toll on younger Boomers

The Great Recession diminished the retirement savings potential of late Boomers, a study found. And cost adjustments to Social Security could be smaller next year.

Economy

401(k) hardship withdrawals are surging as high inflation squeezes Americans

More Americans are making hardship withdrawals from their 401(k) retirement plans to cover emergency expenses as they struggle with chronic inflation.

Personal Finance

Share of Americans borrowing from 401(k) multiple times rises

A 401(k) loan can help you pay off debt, but it can harm your retirement savings and become a repeat move depending on various factors, one study found. Here's what to know about 401(k) loans.

Personal Finance

Hardship withdrawals from retirement accounts increased in the second quarter: report

Roughly 16,000 workers made hardship withdrawals from their 401(k) accounts in the second quarter, marking a significant increase from the previous quarter, BofA said in a report.

Retirement millionaires just jumped: Fidelity

The number of retirement millionaires jumped in the second quarter. Those with million-dollar 401(k)s rose 10% and those with million-dollar IRAs climbed 13%, according to Fidelity.

Money

401(k) hardship withdrawals on the upswing as inflation squeezes consumers

More Americans are making hardship withdrawals from their 401(k) retirement plans to cover expenses as they struggle with chronic inflation.

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