Vesting refers to the period you must work before employer 401(k) contributions are fully yours. Vesting typically applies only to employer contributions, not the money you contribute yourself.

As part of an ongoing series, Retirement Daily asked ChatGPT a personal finance question and then asked a subject matter expert to critique the answer. What did ChatGPT get right? What did it get ...

A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k ...

China will begin raising the retirement age for the first time in more than 70 years as the 1.4bn-strong country faces a shrinking and ageing population. China's legislature, known as the Standing ...

The number of 401(k) plan participants with balances of $1 million or more rose to a record high at the end of June, according to new findings published by Fidelity Investments. There were about ...

Maxing out your 401(k) is a lofty goal, but it's not necessary for most people to achieve a comfortable retirement. Estimate how much you need to save on your own for retirement and use this to ...

Jodi from Butler County: I just changed jobs and want to put my old 401(k) in an IRA, but I’ve never done it before. How does it work? Answer: Thankfully, a 401(k) to IRA rollover is pretty ...

Unlike a 401(k), my IRA allows me to invest in any stocks, funds, or bonds I want. There are some unique exceptions that could allow me to use my money before I reach retirement age. There are ...

Many Americans are not only financially unprepared to retire – some fear retirement more than death, a recent survey shows. About 61% of working Americans are more afraid of retiring than of ...

A new glimpse into how middle-class people in the U.S. think about retirement is revealing some startling views about how long they expect to live and to work. About half of middle-income ...

On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose ...

The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows. As of June ...