While most Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that.Read more: https://t.co/MKtUXnDoob https://t.co/mGS463ttB8 ...

are back with the changes coming to your 401k and what you need to know before you invest. President Trump signed an executive order last week allowing Americans to start investing their retirement savings in private equity, cryptocurrency, real estate, and other alternative assets. >> The president says it'll give retirement savers more opportunities.Some financial experts say it poses much higher risks than far that far outweigh the potential rewards. >> Here to break it down for us is NBC News business a ...

While many Americans think $1.5 million is the goal for retirement savings, the reality is that this much money just doesn’t stretch as far as it used to due to a variety of unforeseen costs, including inflation and healthcare. https://t.co/Z7h1y2bJ2H ...

What if I told you that humanity's greatest threat isn't climate change, nuclear war, or even runaway AI, but instead something more stealthy. What did you say. Around the globe, populations are quietly shrinking, setting the stage for an economic shock wave unlike anything we've ever seen.So today, we're breaking down exactly why demographic decline matters, what's causing it, how it's beginning to reshape the financial system, and what all of this means for your future. My name is Guy, and believe me, thi ...

American workers are less confident about their retirement savings as inflation makes it harder to divert funds to savings. Many are decreasing their spending to keep up with their savings goals. https://t.co/jFPS9EOGj3 ...

So, Kelly, we just mentioned that 10% penalty on the surface. This doesn't sound like a smart move, but are there situations where an early 401k withdrawal actually does make sense. Well, thank you so much for having me on your show today.It's really great to be here. Yes, it does make sense in some cases because emergencies do happen and sometimes people just need cash and liquidity. When we look at our data as to why people are taking early withdrawals, the top two reasons are avoiding eviction as well as ...

Less than 3% of Americans have $1 million in retirement accounts, far fewer than most people expect. Here's what the data reveals about the reality of retirement savings in the America. https://t.co/wkD7tXWSEZ ...

In the 35 years I've been in the workforce, I've seen a big shift in how we relate to our employees. We've moved from a transactional relationship to more where we look at multiple aspects of the employees health with things like gym memberships and even sometimes on-site gyms for the body and mindfulness activities like meditation or breathing exercises for the spirit and the sense of calm. When we get the workplace right, it creates a symbiotic relationship where not only the employees career thrives but ...

Retirement Savings Trends - Many individuals may not fully spend their retirement savings during their lifetime [1]

Retirement Savings Trends - US adults are saving nearly 8% of their paycheck in employer-provided retirement plans [1] - When combined with employer matches, total retirement savings reach approximately 12%, a record high [1] - Financial analysts recommend saving 12% to 15% of salary for retirement [2] - Auto-enrollment and auto-escalation in 401k plans are driving increased savings rates [2][3] - Employers are automatically enrolling employees into 401k plans with deferrals of 4% to 6% of their salary [2] - Auto-escalation features increase contribution limits by 1% to 2% annually [3] Roth 401k Adoption - More retirement plans are offering Roth 401k options [4] - Contributions to Roth 401k are taxed upfront, but the investment growth and withdrawals in retirement are tax-free [5] Hardship Withdrawals - Hardship withdrawals from retirement plans have increased [6] - Withdrawals are concerning because they are taxed and subject to a 10% penalty if the individual is under 59 and a half years old [8] - Common reasons for hardship withdrawals include housing foreclosure, medical expenses, and making ends meet [8]