Holiday gifting doesn't have to hurt your wallet. In this Women Talk Money: Playback, Alex Roca recaps gifts that grow, like savings bonds or contributions to a 529 account, HSA, or IRA. Plus, learn ways to give back to good causes that might also do some good for your tax bill. Watch now. #Gifts #Growth #Invest Fidelity.com/Gifting 1229589.1.0 ...

Core Insights - The article emphasizes the importance of retirement savings and provides strategies for individuals aged 55 and older who may feel anxious about their retirement savings, particularly if they have $150,000 saved, which is below average for their age group [2][3]. Group 1: Retirement Savings Overview - As of Q3 2025, the average IRA balance is reported at $137,902 and the average 401(k) balance at $144,400, indicating that having $150,000 saved is slightly above average for younger individuals but concerning for those 55 and older [2]. - Individuals aged 55 or older with $150,000 saved may feel panic as they approach retirement, with only a decade or less left in the workforce [3]. Group 2: Strategies for Catching Up - Working longer can significantly aid in catching up on retirement savings, with the potential to extend working years to ages 67 or 68 instead of the traditional 62 or 63 [4]. - Delaying retirement can also allow individuals to postpone their Social Security claims, resulting in larger monthly benefits that can help compensate for lower savings [5]. Group 3: Maximizing Remaining Working Years - Individuals aged 55 and older are eligible for catch-up contributions in IRA or 401(k) plans, which can enhance their savings during the remaining working years [6]. - While maxing out a 401(k) may not be feasible immediately, increasing the savings rate is crucial, which may involve cutting expenses to free up funds for retirement accounts [7]. - Consulting a financial advisor can provide tailored strategies to improve retirement savings and reduce stress related to financial planning [8].

Generational wealth often gets portrayed as something for only the ultra-rich, people with massive incomes, trust funds or seven-figure investment portfolios. But financial experts say that idea is not only misleading, it stops regular families from building real, lasting wealth of their own. Learn More: I’m a Self-Made Millionaire: These 2 Habits Made Me Rich Without Trying Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their Money In reality, wealth that transfers to the next generation ...

Key Points The start of a new year is a great time to get your finances in order. Get onto a budget to track your spending and make your goals easier to meet. Boost retirement plan contributions, but don't neglect healthcare and emergency savings. The $23,760 Social Security bonus most retirees completely overlook › There's something mentally refreshing about kicking off a new year. It's not like you're one person on Dec. 31 and a different one on Jan. 1. But the thought of a new beginning could ...

Core Insights - The article discusses the benefits of having excess savings for retirement and the potential to leave money to heirs, highlighting the characteristics of individuals who save significantly throughout their lives [1]. Group 1: Who Saves the Most? - A study by the National Bureau of Economic Research indicates that married men tend to work and save substantially throughout their lives, while married women's labor market participation peaks in middle age [2]. - Single men experience a decline in labor market participation and savings after age 40 compared to their married counterparts, while single women work less and accumulate less wealth [2][3]. - Couples possess more than twice the wealth of singles at all ages, and wealth decreases only modestly after retirement [3]. Group 2: Wealth Management After Retirement - The study reveals that retirees spend only a modest amount of their wealth, which contrasts with traditional life-cycle models, primarily due to a desire to save for medical expenses and to bequeath wealth [4]. - Wealthy individuals tend to live longer, which allows them to retain greater wealth as they age [5]. Group 3: Strategies for Saving More - To save more for retirement, individuals are encouraged to start saving early, as small amounts can grow significantly due to compounding interest [6][7]. - Being aggressive in investments, particularly in riskier assets like stocks, is recommended for those with 10 or more years until retirement, transitioning to more conservative investments as retirement approaches [7]. - Automating retirement savings and maximizing contributions to tax-advantaged accounts such as 401(k)s, Roth IRAs, and HSAs are advised strategies [7]. - Seeking guidance from a fiduciary financial planner is suggested for those uncertain about investment choices [7].

Core Insights - Financial professionals suggest strategic ways to utilize a sudden $1 million windfall, focusing on tax-advantaged accounts, education savings, liquidity, and debt repayment [1][2]. Tax-Advantaged Accounts - Experts recommend maximizing contributions to tax-advantaged accounts such as Roth IRAs and HSAs, with strategies like backdoor contributions to bypass income limits [3]. - Utilizing employer-sponsored 401(k) plans for mega backdoor Roth conversions can allow for additional tax-free contributions, potentially adding $25,000 to $40,000 [4]. 529 Plans - Financial advisors emphasize the importance of funding 529 college savings plans, allowing for significant contributions without incurring gift taxes. Up to $90,000 per child can be contributed in a single year [5]. High-Yield Savings Accounts or Money Market Funds - Maintaining liquidity through high-yield savings accounts or money market funds is advised, with recommendations to set aside $30,000 to $50,000 as an emergency fund [6]. Debt Repayment - Paying off existing debts, such as mortgages, is highlighted as a prudent use of windfall funds, with specific examples of using the funds to eliminate an $87,000 mortgage [7].

Core Viewpoint - The article discusses the challenges of long text modeling in large language models (LLMs) and introduces a new attention mechanism called Grouped Cross Attention (GCA) that enhances the ability to process long contexts efficiently, potentially paving the way for advancements in artificial general intelligence (AGI) [1][2]. Long Text Processing Challenges and Existing Solutions - Long text modeling remains challenging due to the quadratic complexity of the Transformer architecture and the limited extrapolation capabilities of full-attention mechanisms [1][6]. - Existing solutions, such as sliding window attention, sacrifice long-range information retrieval for continuous generation, while other methods have limited generalization capabilities [7][8]. GCA Mechanism - GCA is a novel attention mechanism that learns to retrieve and select relevant past segments of text, significantly reducing memory overhead during long text processing [2][9]. - The mechanism operates in two stages: first, it performs attention on each chunk separately, and then it fuses the information from these chunks to predict the next token [14][15]. Experimental Results - Models incorporating GCA demonstrated superior performance on long text datasets, achieving over 1000 times length generalization and 100% accuracy in 16M long context retrieval tasks [5][17]. - The GCA model's training costs scale linearly with sequence length, and its inference memory overhead approaches a constant, maintaining efficient processing speeds [20][21]. Conclusion - The introduction of GCA represents a significant advancement in the field of long-context language modeling, with the potential to facilitate the development of intelligent agents with permanent memory capabilities [23].