As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement...
Stock Markets All major stock indexes advanced during the week. The 30-stock Dow Jones Industrial Average (DJIA) gained 1.96% while the Total Stock Market Index climbed by 2.17%. The broad S&P 500 Index went up by 1.68% and the technology-tracking Nasdaq Stock Market Composite added 1.73%. The NYSE Composite Index...
Stock Markets All major stock indexes advanced during the week. The 30-stock Dow Jones Industrial Average (DJIA) gained 1.96% while the Total Stock Market Index climbed by 2.17%. The broad S&P 500 Index went up by 1.68% and the technology-tracking Nasdaq Stock Market Composite added 1.73%. The NYSE Composite Index...
Calling soon-to-be parents “expecting” is almost a cruel joke considering how many unknowns come with a new addition to the family. But a few truths are almost guaranteed — parenthood is magical, memorable and extremely expensive. A 2023 analysis by the nonprofit Child Care Aware of America found that...
For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an account at...
You're scrolling through social media and another friend is showing off their latest Mediterranean cruise. It's hard not to wonder – are they living the dream or ignoring the whole "retirement savings" thing? If they're part of the upper class, there's a good chance they have the money to fund...
Social Security helps millions of older Americans stay afloat financially. And without those benefits, many would struggle to make ends meet. Retirees who get most or all of their income from Social Security also rely on the program's annual cost-of-living adjustments (COLAs) quite heavily to ensure that they're able to...
Although inflation in the U.S. has been on a steady declinefrom its June 2022 peak, Americans say rising costs are the greatest threat to their ability to live comfortably in retirement, according to an October survey from Allianz Life. A...
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey. Nearly three-quarters, 73%, of non-retired adults and 71% retired...
Although Social Security has existed for many decades, a good number of its rules tend to change from one year to the next. For example, in 2025, Social Security benefits will increasing by 2.5%. And the earnings-test limits for those who...
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