Retiring News

Americans are, in growing numbers, relying on their retirement accounts to pay the bills. More specifically, hardship withdrawals from 401(k) and related plans are up. This is shown as a result of numerous studies conducted over 2023, including a new report

Managers of 401(k) and similar workplace retirement plans are putting an increasing amount of money in private real estate investments, including commercial real estate funds and real estate investment trusts. This news comes according to a 2023 survey from the

The 4% rule has long provided guidance to retirees on how to maintain a safe withdrawal rate from retirement accounts. But with today’s low bond yields and stock market volatility, this once-steady rule of thumb looks increasingly open to change.

A 401K is an employer-sponsored retirement savings plan that employees can contribute to pre-tax, thus reducing their annual tax liability. Some employers also contribute to the account as a benefit to the employee.

A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data shows that median-income employees lacking workplace retirement benefits saved one-eighth as much

Converting a traditional IRA to a Roth IRA can help you minimize taxes in retirement. But executing the conversion strategically is key to maximizing the benefits. A recent Schwab retirement planning report recommends three tactics to reduce your Roth conversion

When choosing among the mutual funds, target-date funds and other investments offered in a 401(k) plan, nobody sets out to select a costly investment that could affect their future. But, according to law professors Ian Ayres of Yale University and

It’s no surprise that Americans want more information about how to plan and save for retirement. Besides figuring out how much to save and invest and how long they might live, workers also need to figure out how to claim

Almost half of private sector workers in the United States do not have access to employer sponsored retirement plans. This is one of the factors contributing to the large number of people who reach retirement age but have little to

Financial services firm Fidelity revealed in a recent study that nearly 80,000 of its retirement account investors achieved millionaire status during the second quarter, for 10% more 401(k) clients and 13% more IRA clients holding balances worth $1 million or