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The bad news: Most Americans don’t exactly excel at saving for retirement. A 2019 study by Transamerica found Americans have a median retirement savings of only around $50,000. That may not even cover one year’s expenses in retirement, let alone 30…
Study after study shows that Americans aren’t saving enough for retirement. News articles about this problem usually conclude by urging workers to step up their savings and set aside at least 10% of their income in their workplace 401(k) plan. But…
When it comes to retirement savings, there’s good news, bad news, and more bad news. The good news is that most Americans today have access to a workplace retirement plan, such as a 401(k). A 2018 study at Stanford University…
In late December 2019, President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Many of the changes volleyed around Capitol Hill for years, and proponents tout them as the most comprehensive retirement…
The birth of the Internet changed just about everything, but one industry the Internet changed the most was finance. Investors no longer need the assistance of a professional to buy stocks, banking can be done on a smartphone, and traditional…
Small companies tend not to offer 401(k) plans, given the administrative costs and headaches associated with them. So where does that leave employees and owners of small businesses who want retirement benefits? There’s a type of employer retirement account specifically…
If you work for a public school or nonprofit organization, you might have the option to participate in a 403(b) plan. What is this lesser-known retirement plan, and should you sign up? Before you make your decision, understand how a…
When you do your stock market research as an investor, you’ll come across the term hedge fund quite often. You’ll hear about the fact that hedge funds are alternative investments that are generally attractive to investors with high net worth…
As you start to invest, you’ll learn there’s more to investing than stocks and bonds. In fact, there are quite a few different investment vehicles to choose from. Knowing what they are and how they work is important to being…
In order to contribute to an individual retirement account (IRA), you must have earned income, right? Although that’s true for most people, the IRS makes an exception for nonworking spouses. The government acknowledges that in some households, one spouse stays…
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