“A 401(k) is a workplace savings plan that has tax advantages as an incentive to invest for retirement,” noted the financial firm Fidelity Investments. It allows you to save in a tax-deferred account.

The average American contributes a percentage of their paycheck to their 401(k). Here's how your savings rate compares.

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan specifically designed for self-employed individuals and small businesses with 100 employees or fewer. It's a more ...

Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...

Nearing retirement but not sure whether you have enough saved? While there isn't a time machine that can take you back to when you first started working, rules around 401(k)s and other retirement ...

You have several different types of plans from which to choose Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books.

On December 20, 2023, the IRS issued Notice 2024-2, which provides question-and-answer guidance on various aspects of the SECURE 2.0 Act. This post focuses on the ability to make employer ...

Understanding when 401(k) contributions stop is essential for employees who want to maximize their retirement savings. Contributions to a 401(k) plan are capped annually by the IRS, with limits for ...

(NewsNation) — The Internal Revenue Service announced the amount you can contribute to your 401(k) plans this year will increase to $23,500. The annual contribution limit for those who participate in ...

The SIMPLE IRA is a flexible and tax-advantaged option for small businesses. Employer and employee SIMPLE IRA contributions can provide a dual savings stream. Knowing the SIMPLE IRA contribution ...