Goodbye pension plans. The 401(k) is the working person's modern retirement plan. Don't underestimate the impact of starting early, even if you only contribute small sums of money. Stay humble and ...

Both a 401(k) and IRA can lower your annual tax burdens during your working years. One advantage of 401(k) plans is that they have higher annual contribution limits. The simplicity of 401(k ...

The Internal Revenue Service (IRS) on Friday announced that it increased the amount that individuals can contribute to their 401(k) and other retirement plans to account for inflation.

Come next year, you will be allowed to save a little more in your 401(k) on a tax-deferred basis than you can this year, unless you’re in your early 60s, in which case for the first time you ...

Today's working class must take their retirement planning into their own hands. Pension plans run by employers have slowly disappeared. They've largely been replaced by 401(k) savings plans ...

The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.

Does the U.S. retirement-savings system fit the increasingly mobile workforce of the 21 st century? The answer is a definite no. The good news is that it won’t be all that hard to fix.

Older workers can put more money than ever in their 401(k)s starting next year under a new law meant to boost retirement savings for people in their early 60s. The maximum amount savers can put ...

Americans will be able to sock away more in their workplace retirement plans, before taxes, in 2025. In 2023, only 14% of employees maxed out their workplans, according to Vanguard's How America ...

As the 2024 presidential election approaches its finale, investors and retirement savers are grappling with a pressing question: Will the outcome impact my 401(k) account? It’s a question that ...