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Balances for 401(k) retirement accounts hit the "second-highest average on record" in the final quarter of 2024, according to new data from Fidelity Investments. The financial services company ...

Saving for retirement should never be a mystery, yet many people feel unsure about how much they can — or should — contribute each year. Understanding 401k contribution limits is crucial if ...

401(k) plans typically offer 10 or more investment options, including stock, bond and target-date mutual funds. Performance history (i.e., long-term investment returns) and management costs are ...

Workers who don't save well for retirement risk being cash-strapped later on. It's a good idea to aim to replace 70% to 80% of your pre-retirement income with a combination of savings and Social ...

Aging 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your ...

A record 4.8 percent of account holders took hardship withdrawals last year, up from 3.6 percent in 2023, according to Vanguard Group, which examined data from nearly 5 million people with 401(k ...

The number of 401(k) millionaires jumped 27% in 2024 as workers saved consistently and focused on long-term trends rather than reacting to short-term market moves, according to Fidelity Investments.

Last year was a pretty good year if you were among the tens of millions of employees who put their savings to work in a 401(k) plan. Sure, strong returns on the S&P 500 helped. It rose nearly 25% ...

Doctors, lawyers and accountants have 401(k) plans. But many have another retirement-saving weapon. It is called a cash balance plan, and it lets people save up to about $3.6 million on top of a ...

If you're behind in saving for your future, you're far from alone these days. Still, there are multiple steps you might take to strengthen your financial condition. Above all, make a disciplined ...