Por: CNBC Life February 24, 2023
In this articleFluxfactory E+ Getty ImagesIn a year marked by stiff economic headwinds, paid the price.Although the average balance rose in the fourth quarter of last year, balances ended 2022 down 23% from a year earlier to $103,900, according to a , the nation's largest provider of 401(k) plans. The financial services firm handles more than 35 million retirement accounts in total.The average balance also plunged 20% year over year to... + full article
CBS News USA Business February 24, 2023
Saving for retirement requires looking at the big picture, but it can be dispiriting when your 401(k) or other retirement plan takes a beating — a common plight for American workers last year, according to from Fidelity. The average balance in a 401(k) plan tumbled 20.5% in... + más
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MarketWatch USA Business February 24, 2023
Some headwinds investors faced in 2022—inflation, geopolitical instability—have carried into the new year. On Friday, for example, the government said the core personal-consumption expenditures price index, of inflation, increased 4.7% year over year in January. That was up... + más
What’s The Difference Between Roth IRAs And Roth 401(k)s – Updated For 2023 | Forbes
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Fox Business USA Business February 23, 2023
Personal finance expert Dan Roccato discusses some of the key contributors for Americans’ 401(k) balances plunging by 23 percent in 2022 on ‘Cavuto: Coast to Coast.’ declined year-over-year but are stabilizing and began to rebound at the end of 2022, according to new... + más
Fidelity aims to keep growing in 2023, adding 500 new jobs in Boston | The Boston Globe
Your 401(k) Looks Smaller–and It Is. A New Report Reveals the Scary Numbers. | MarketWatch
CBS News USA Business February 03, 2023
A record share of Americans tapped their 401(k) plans last year for so-called hardship withdrawals, a financial lifeline that can help people who are strapped for money handle emergencies like medical care or staving off eviction. The share of 401(k) participants taking... + más
What You Don’t Know About Your 401(K) Could Cost You Millions | Forbes
Forbes USA Business January 23, 2023
getty Many employers now offer Roth versions of their 401(k) plans. Though many people believe Roth IRAs and Roth 401(k)s (known formally as designated Roth 401(k) plans) are identical, there have been important differences between the two types of retirement plans. But a major... + más
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Small Business Owners’ Unique Roth Contribution Opportunity | Forbes
CNBC USA Life November 17, 2022
In this articlewatch nowVIDEO14:2014:20Why so many Americans feel they can't retireMonths of market swings have taken a heavy toll on retirement savers.The average balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a... + más
Can you borrow money from your 401(k)? | CBS News
Forbes USA Business October 03, 2022
Most advice with 401(k) plans starts and stops with, “contribute at least enough to get your employer match.” While that is good advice you should implement, it’s a tiny piece of what could be a very complex puzzle. Simply contributing enough to your 401(k) to get the... + más
What a bear market really means for your 401(k) | Los Angeles Times
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