Core Insights - JPMorgan Chase has launched the Solo 401(k), a retirement solution aimed at solo entrepreneurs and self-employed individuals without full-time employees, expanding its Everyday 401(k) offerings [1][3] - The Solo 401(k) allows for quick online setup and offers flexible investment options, including ready-to-use solutions and customized plans [2][9] - A recent survey indicates that 80% of business owners contribute to retirement accounts, with 35% preferring individual 401(k) options, yet only 44% are satisfied with their contributions, highlighting a demand for more flexible and high-contribution retirement solutions [3][7] Company Overview - J.P. Morgan Asset Management manages $3.8 trillion in assets as of June 30, 2025, serving a diverse clientele including institutions and high net worth individuals [10] - JPMorgan Chase & Co. reported $4.6 trillion in assets and $357 billion in stockholders' equity as of June 30, 2025, positioning itself as a leader in various financial services [11] Product Features - The Solo 401(k) is tailored for sole proprietors and self-employed individuals, allowing them to save up to $70,000 annually, with additional contributions possible for spouses [9] - The plan offers high contribution limits and tax advantages, including pre-tax and Roth contributions, as well as tax-deferred growth [9]

Core Insights - Economic volatility is significantly impacting retirement readiness among Americans over 50, with 70% of pre-retirees considering or delaying their retirement date [1][2] - A notable 23% of pre-retirees are definitely postponing their planned retirement date, reflecting a 14% increase from 2024 [2] - Half of the respondents (50%) cite financial uncertainties and economic volatility as reasons for reconsidering their retirement plans, marking a 10% increase from the previous year [2] Group 1: Retirement Planning Concerns - Nearly a third (29%) of retirees are contemplating returning to work, with this figure rising to 54% among younger Generation X retirees [3] - 49% of American investors feel the need to invest in products that provide guaranteed income for the future due to economic uncertainty [3][4] - 48% of respondents are worried about not having enough money for retirement, while 44% express concerns about inflation [8] Group 2: Self-Assessment of Retirement Readiness - 32% of American investors rated their financial readiness for retirement as a C or below, compared to only 26% who rated it an A [6] - 41% of respondents rated their social connections in retirement as a C or below, indicating a lack of confidence in this area [6] - 28% rated their personal fulfillment in retirement as an A, while another 28% rated it a C or lower [6] Group 3: Financial Professional Engagement - Despite lower self-assessments, 47% of Americans over 50 are not currently using a financial professional, an increase from 43% in the previous year [7] - Among Generation X, over half (54%) are not leveraging a financial professional, up from 49% in 2024 [7] - Only 15% of retirees indicated they would consult their financial advisor before returning to work, suggesting a trend of independent financial decision-making [10] Group 4: Importance of Financial Guidance - Financial professionals are seen as crucial in helping investors align their financial plans with their desired lifestyle in retirement [11] - The emphasis on personal fulfillment in retirement planning is lacking, with 29% of investors placing little to no emphasis on this aspect [10]

Retirement Planning with Bitcoin - The guide helps a 30-year-old millennial planning to retire in 2050 with $150,000 per year expenses determine their Bitcoin stacking target [1] - For someone aged 35 aiming to retire in 2050, targeting 079% Bitcoin is suggested [3][5] - The guide assumes individuals plan to live to 100 years old, providing a conservative approach to retirement planning [4] - The table and graph visually represent the relationship between current age, retirement year, and required Bitcoin percentage [6][7] Bitcoin Stacking Strategies - The percentage of Bitcoin needed decreases as the retirement year gets closer [3] - Doubling the annual expenses from $100,000 to $200,000 requires approximately 16% Bitcoin saved by 2050 for a 35-year-old [11] - The guide advises against cashing out Bitcoin during bull runs if the ultimate goal is retirement [4]

Retirement Planning - Decoding Retirement podcast features Denise Appleby, CEO of Appleby Retirement Consulting, discussing IRA management [1] - The podcast covers topics like required minimum distributions, 401(k) rollovers, and relevant IRS forms [1] Resources - Yahoo Finance provides free stock ticker data, news, portfolio management resources, and market data [1] - Yahoo Finance's content is available on its website, app (Apple & Android), and social media platforms [1]

Social Security Trends - Americans claiming Social Security benefits between January and May are nearly 18% higher than the same period one year ago [1] - The surge in Americans claiming Social Security benefits at an early age (62) is the highest in over two decades [2] - Over 75% of Americans under 50 believe Social Security won't be there for them in full [6] Factors Driving Early Claims - Fear that Social Security may not be available in the future [2] - Legislation allowing previously ineligible individuals to claim Social Security benefits [3] Impact of Early Claiming - Claiming early (e g, at 62) can result in approximately a 30% reduction in benefits compared to full retirement age (e g, 67) [4] - Waiting until age 70 could yield about 30% higher benefits than claiming at age 67 [4] Future of Social Security - Adjustments to the Social Security system are expected, such as raising income requirements and increasing the retirement age [7] - Potential changes to the structure of Social Security may include prolonging when benefits can be taken or implementing means testing [9] Retirement Planning Strategies - Individuals should plan for their future including Social Security and even a potential decrease in benefits [9] - Younger individuals should start saving early, even with summer jobs, by opening a Roth IRA to take advantage of compound interest [11][12] - Consider additional income streams such as non-retirement accounts or side gigs [10]

Retirement Planning & Investment Vehicles - 401(k) plans offer tax-deferred investment opportunities, allowing pre-tax contributions and tax-free compounding until withdrawal [6][11][12] - Employer matching of 401(k) contributions is considered "free money" and should be taken advantage of [16] - Individual Retirement Accounts (IRAs) offer the same tax-favored status as 401(k)s but may provide more investment flexibility and lower fees [17][19] - Roth IRAs allow contributions with after-tax income, offering tax-free withdrawals in retirement, particularly beneficial for individuals in lower tax brackets [88][89][97] - The author advocates for increasing the IRA contribution limit to $10,000 per year [86][87] Investment Strategies & Advice - Younger investors should consider investing primarily in stocks, taking on more risk due to their longer time horizon to recover from potential losses [25][46][47] - Paying off high-interest credit card debt should be a priority before investing, as the interest can erode investment returns [38][39] - Saving early and consistently is crucial for achieving financial freedom, and the stock market can be a tool to encourage saving [36][43][44] - A low-cost S&P 500 index fund is a suitable option for passive investing, especially for those who lack the time or expertise to pick individual stocks [23][70][74] - Actively managed mutual funds often underperform their benchmarks due to high fees and incentives focused on asset gathering rather than performance [62][63][68] Saving for Education - 529 plans are recommended for college savings, offering tax-free growth and withdrawals for qualified education expenses [102][106] - Frontloading a 529 plan with up to $85,000 (single) or $170,000 (married filing jointly) can maximize the benefits of compounding [109][110]

Well, moving on, a new report found that the majority of Americans don't know crucial information about their own retirement planning, answering just two out of six retirement related questions correctly. Joining me now is Yahoo Finance senior columnist Carrie Hannon. So, Carrie, why is financial literacy so important, especially when it comes to retirement.Yeah, this is huge, Ally. It's surprising and actually quite shocking that people don't know uh these basic concepts of what's going to determine their ...

In 2024, annuity sales rose 13% from the year prior, reaching 434 billion, according to research and consulting organization Limra. The firm says favorable economic conditions and growing investor awareness around annuities helped propel that growth. But our next guest says that annuities are not for everyone.Here with more we've got John Shrewsbury who is the Gen Wealth Financial Advisors co-owner and managing principal. John, good to have you here with us. So let's start with exactly what annuities are fo ...

Your employer-sponsored 401(k) is a simple, automated, and tax-advantaged way to save for retirement. There is no question you should use a 401(k) if your employer provides one. What you may need help deciding, though, is how much you should contribute to enable a comfortable retirement. Experts recommend saving 10% to 15% of your income to your 401(k) but this can vary depending on your situation. Let's walk through the factors to consider. Learn more: What is a 401(k)? A guide to the rules and how it ...

Core Insights - Retirement planning is essential for ensuring sufficient income post-retirement, with no fixed amount required but a focus on individual needs and goals [1] Group 1: Retirement Savings Guidelines - A recommended guideline is to save at least 15% of pre-tax income in a tax-advantaged retirement account, with employer matches contributing to this percentage [2][9] - Individuals can gradually increase their savings rate to 15% over time, starting with smaller amounts if necessary [3] - In certain situations, such as late starts or planning for early retirement, individuals may need to save more aggressively to benefit from compounding [4][7] Group 2: Debt and Emergency Fund Considerations - High-interest debt, like credit card balances, should be prioritized for repayment as it often incurs higher costs than potential investment returns [8] - Establishing an emergency fund equivalent to three months of expenses is crucial to avoid early withdrawals from retirement accounts, which can incur taxes and penalties [8] Group 3: Types of Retirement Accounts - The most common employer-sponsored retirement plan is the 401(k), with alternatives like 403(b) or 457(b) for government or nonprofit employees [9] - Individual Retirement Accounts (IRAs) offer broader investment options and lower fees compared to 401(k)s, but have lower annual contribution limits [11] - Roth and traditional accounts differ in tax treatment, with traditional accounts offering pre-tax contributions and Roth accounts providing tax-free withdrawals under certain conditions [12][13] Group 4: Investment Strategies and Social Security - Contributions to retirement accounts need to be invested wisely, with options including target-date funds and individual stocks [15] - Social Security benefits play a significant role in retirement planning, and individuals should verify their earnings records to estimate future benefits [16][20] Group 5: Increasing Savings and Financial Advisory - As income increases or debts are paid off, individuals should aim to increase their retirement savings proportionately [18] - Consulting a financial advisor can help assess investment strategies and ensure alignment with retirement goals [19] Group 6: Retirement Income Needs - The amount needed for retirement varies based on personal circumstances, with conventional wisdom suggesting a replacement of 70% to 80% of pre-retirement income [23][24] - Fidelity suggests saving between 55% and 80% of pre-retirement income, with lower percentages possible for those who start saving early [24] Group 7: Investment Options for Retirement - Common investment options for retirement accounts include stocks, mutual funds, ETFs, and real estate investment trusts (REITs) [33]