Many employers offer retirement plans to help employees prepare for the future. One of these options is a Roth 401(k) plan, which allows employees to contribute after-tax dollars toward their retirement savings. According to recent 2021 data, 95% of employers offered...
As of September 30, 2022, there were approximately $6.3 trillion in assets in 401(k) plans in the country. These assets represented the cumulative value of nearly 625,000 plans with 60 million active participants, among many former employees and retirees. The...
Retirement planning can be a complex and challenging process. You have to consider several variables, such as income, living expenses, investment returns, and inflation. Retirement can last for 20 to 30 years, sometimes more. Ensuring your retirement savings last as...
Retirement can bring a mix of emotions. Some people dread retirement as it is associated with old age and limited money-making opportunities. Others view it as a new chapter in life that offers opportunities to explore varied interests, hobbies, and passions. Despite...
Retirement planning involves setting financial goals and creating a strategy to achieve them in order to ensure a secure and comfortable future. There are a number of retirement saving vehicles that you can choose from, such as a 401k retirement account, mutual funds,...
