According to the Government Accountability Office (GAO), about half of private sector workers in the United States are not covered by a workplace retirement plan. That’s a problem when you consider workers are 15 times more likely to save for retirement when a plan is in place. To expand coverage, Congress is considering ways to encourage plan sponsorship by employers. Two bills under current consideration are the Setting Every Community Up for Retirement Enhancement (SECURE) Act and Retirement Enhancement and Savings Act (RESA). They have similar 401(k)-related provisions. I have mixed feelings about them.
Experts say your office 401(k) is the best place to start investing. Here's how it works.
Though it's synonymous with retirement savings, the 401(k) plan is best way to start investing, whether you're in your 20s or your 40s.
401(k)s make investing simple by directing part of your salary into an investment account and paring down investment options. Here's exactly how to invest in a 401(k) at work:
The SECURE Act Can Protect Retirement for More Americans
Roger W. Ferguson Jr. and Jo Ann Jenkins
Lawmakers in the House of Representatives Thursday overwhelmingly approved the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which would help to close significant gaps between the resources Americans need for retirement and the resources they have. The Senate is considering similar legislation, the Retirement Enhancement and Savings Act.
Here’s what it takes to become a 401(k) millionaire at any age
Maybe you won’t hit an actual million in retirement savings. But if you change your strategies now, it’s definitely possible to double or triple the size of your retirement account. It all depends on how much you learn and how much you invest.
The Five Pillars Of A Sound Retirement Plan
In the past, many retirees counted on pensions and Social Security as the pillars of a sound retirement. Now, there are five pillars future retirees should take into account when creating a solid plan for retirement.
VIDEO — Josh Brown on why volatility shouldn’t scare you, even close to retirement
One of the biggest misunderstandings about investing is the role that volatility plays in your portfolio.
GLOBAL INVESTMENT OUTLOOK Q2 2019 - A Narrow Path
We refresh our 2019 investment themes and take a deep dive on China. We see a narrow path ahead for risk assets to move higher. Yet rising risks could knock markets off this track. This calls for carefully balancing risk and reward in portfolios.
What Is an Index Fund and What Are the Best Ways to Invest in One?
Index funds offer some unique benefits - and drawbacks - compared to traditional mutual funds. Here's what you need to know.
Why you might want both a traditional 401(k) and a Roth
Anna Bahney
I split my 401(k) contributions 50/50 between a standard and a Roth. The thought process is that it allows me to take money out tax-free during big spending years in retirement and the opposite during normal years. Is this the correct thought process and a good idea?