401k

Can you still retire with $1 million?  That's what today's millionaires want to know.

Can you still retire with $1 million? That’s what today’s millionaires want to know.

OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …

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401(k) Hardship Withdrawals Hit an All-Time High of 'Worrying', Says Vanguard

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard

Amid stubbornly high inflation, a record proportion of Americans are turning their 401(K) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about five million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% made hardship withdrawals in October. It’s a “worrying” all-time high, said retirement savings and …

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How to Decide Whether to Roll Over an Old 401(k) or Leave It Alone

Despite signs of a slowing job market, Americans — especially younger people — continue to change jobs. According to a recent Prudential Pulse survey, about a third of millennials have changed jobs since the pandemic began. Among Gen Z workers, almost half have changed employers and 18% have experienced more than one job change during …

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Retirement savers are looking for safe havens in their 401(k) plans.  They may regret it later

Retirement savers are looking for safe havens in their 401(k) plans. They may regret it later

Yongyuan | E+ | Getty Images The data suggests that some savers are looking for safe havens in their 401(k) plans. But this decision could hamper these long-term investors; in fact, he may have done so last month. Investors sold target date funds and large-cap U.S. equity funds in October in favor of “safer” funds, …

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How much should you contribute to your 401(k)?

401(k) contribution matches could be scrapped in a recession

In past recessions, many companies seeking to cut costs and potentially avoid having to lay off workers have suspended 401(k) matches. During the last recession, Ascensus, a pension plan administrator, said 21% of employers using its 401(k) services suspended their contributions from March to September 2020, the Wall Street Journal reported. Vanguard reported a much …

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I'm a 61-year-old flight attendant who wants to retire at 70.  I'll have a pension of $900 a month and I'll be on Social Security, but I only have $150,000 in my 401(k).  Should I get professional help?

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll be on Social Security, but I only have $150,000 in my 401(k). Should I get professional help?

This flight attendant seeks financial help from an advisor, but how do you choose the right one? Getty Images Question: I think I need a financial advisor. I’m 61 and plan to retire at 70. I am a flight attendant and will receive a pension of just over $900 a month. I have a 401(k) …

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll be on Social Security, but I only have $150,000 in my 401(k). Should I get professional help? Read More »

I'm a 61-year-old flight attendant who wants to retire at 70.  I'll have a pension of $900 a month and I'll be on Social Security, but I only have $150,000 in my 401(k).  Should I get professional help?

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help?

This flight attendant seeks financial help from an advisor, but how do you choose the right one? Getty Images Question: I think I need a financial advisor. I’m 61 and plan to retire at 70. I am a flight attendant and will receive a pension of just over $900 a month. I have a 401(k) …

I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a pension of $900 a month and I’ll get Social Security, but I only have $150,000 in my 401(k). Should I get professional help? Read More »

'Billions of dollars are being left behind': The 401(k) industry now has a 'lost and found' for your old retirement accounts

‘Billions of dollars are being left behind’: The 401(k) industry now has a ‘lost and found’ for your old retirement accounts

JGI | Jamie Grill | Mix images | Getty 401(k) plans hold $7.7 trillion in retirement savings. But withdrawals from small accounts squeeze billions out of the system every year and can hurt investors’ chances of having a secure retirement, research shows. A trio of the industry’s top 401(k) administrators — Fidelity Investments, Vanguard Group …

‘Billions of dollars are being left behind’: The 401(k) industry now has a ‘lost and found’ for your old retirement accounts Read More »