Workers in the United States will be allowed to save a little more pre-tax earnings in their 401k retirement funds next year.
The IRS on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500, up from $23,000 in 2024.
The Internal...
Did you know that Social Security is almost 90 years old? The Social Security Act was signed into law in August of 1935, and for decades since, older Americans have been able to collect monthly benefits.
But...
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Dividend investing is an approach to building wealth over the long term. By investing in companies that consistently pay dividends to their shareholders, investors can benefit from a steady stream of income while potentially growing their principal investment.
The IRS has announced new 401(k) contribution limits for 2025.
In its release Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024. The change applies to workplace plans, including 401(k)s, 403(b)s...
Stock Markets
All the major indexes are down for this week. The 30-stock Dow Jones Industrial Average (DJIA) slipped down by 0.15% while the Total Stock Market fell by 1.16%. The broad S&P 500 Index dropped by 1.37% with losses among small-cap, mid-cap, and super-composite counters. The Nasdaq Stock Market...
What if you had the flexibility to choose how to use your 401(k) match? One company has just started allowing it.
The Internal Revenue Service (IRS) ruled that employees at an unnamed company can designate a portion of their employer match to student debt repayments or health reimbursement accounts, in...
Overview
Retirement security depends on individuals saving for their future, but millions of Americans lack access to an employer-provided savings plan that might help them do so. Research shows that workers are 15 times more likely to save for retirement if they can set aside money through payroll deductions. But many small...
The holiday season is fast approaching, and for many, it’s one of the busiest and most expensive times of the year. In fact, holiday shoppers plan to spend an average of $1,638 on gifts, travel, and entertainment this year, according to PWC’s 2024 Holiday Outlook. That’s a 7% increase...
The United States Government has implemented various mechanisms to ensure that retirees and people with Social Security checks maintain their purchasing power over the years. One of the most important adjustments is the annual increase known as a COLA, which takes into account inflation and the cost of living. This adjustment is key for millions of beneficiaries...
