Older Americans Fueling Workforce Growth Amid Retirement Challenges
The number of employed Americans aged 65 and older surged more than 33% from 2015 to 2024, reaching 7% of the total workforce, driven by factors such as an aging population, insufficient retirement savings, and rising living costs, forcing many to remain employed beyond the traditional retirement ag...
Older Americans Fueling Workforce Growth Amid Retirement Challenges
The number of employed Americans aged 65 and older surged more than 33% from 2015 to 2024, reaching 7% of the total workforce, driven by factors such as an aging population, insufficient retirement savings, and rising living costs, forcing many to remain employed beyond the traditional retirement ag...
Progress
40% Bias Score
Retirement Savings: Focus on Savings Rate, Not Target Amount
Financial advisors recommend prioritizing personal savings rates over fixed retirement targets, suggesting a 15% pre-tax income contribution rate including employer matches; reassessing contributions yearly, and adjusting investment allocations based on risk tolerance and life events.
Retirement Savings: Focus on Savings Rate, Not Target Amount
Financial advisors recommend prioritizing personal savings rates over fixed retirement targets, suggesting a 15% pre-tax income contribution rate including employer matches; reassessing contributions yearly, and adjusting investment allocations based on risk tolerance and life events.
Progress
36% Bias Score
Last-Minute Tax Savings Strategies for 2024
Before the December 31st deadline, taxpayers can lower their 2024 tax bill by maximizing 401(k) contributions (up to \$23,000, or \$30,500 for those 50 and older), employing tax-loss harvesting to offset investment losses against gains, and utilizing tax credits for energy-efficient home improvement...
Last-Minute Tax Savings Strategies for 2024
Before the December 31st deadline, taxpayers can lower their 2024 tax bill by maximizing 401(k) contributions (up to \$23,000, or \$30,500 for those 50 and older), employing tax-loss harvesting to offset investment losses against gains, and utilizing tax credits for energy-efficient home improvement...
Progress
52% Bias Score
SECURE Act 3.0: Potential Retirement Plan Changes and Tax Implications
Congress is considering SECURE Act 3.0, a potential follow-up to retirement plan reforms enacted in 2019 and 2022, which will likely necessitate offsetting tax increases to help fund the extension of provisions of the 2017 Tax Cuts and Jobs Act and other government spending, impacting millions of ta...
SECURE Act 3.0: Potential Retirement Plan Changes and Tax Implications
Congress is considering SECURE Act 3.0, a potential follow-up to retirement plan reforms enacted in 2019 and 2022, which will likely necessitate offsetting tax increases to help fund the extension of provisions of the 2017 Tax Cuts and Jobs Act and other government spending, impacting millions of ta...
Progress
44% Bias Score
Retirement Account Beneficiary Errors Lead to Significant Financial Losses
Two court cases highlight significant financial losses from neglecting retirement account details; in one, a former girlfriend inherited \$754,000; in another, children lost their inheritance due to a lack of updated beneficiary information after an employer acquisition.
Retirement Account Beneficiary Errors Lead to Significant Financial Losses
Two court cases highlight significant financial losses from neglecting retirement account details; in one, a former girlfriend inherited \$754,000; in another, children lost their inheritance due to a lack of updated beneficiary information after an employer acquisition.
Progress
48% Bias Score
2025 Retirement Rule Changes: Increased 401(k) Limits and Inherited IRA Penalties
New 2025 retirement rules increase 401(k) contribution limits for those aged 60-63 to \$34,750 and enforce a 25% penalty on missed inherited IRA withdrawals, impacting near-retirees' financial planning. The Social Security Fairness Act eliminates provisions that reduced benefits for some public serv...
2025 Retirement Rule Changes: Increased 401(k) Limits and Inherited IRA Penalties
New 2025 retirement rules increase 401(k) contribution limits for those aged 60-63 to \$34,750 and enforce a 25% penalty on missed inherited IRA withdrawals, impacting near-retirees' financial planning. The Social Security Fairness Act eliminates provisions that reduced benefits for some public serv...
Progress
40% Bias Score
2025 401(k) Contribution Limits Increase: Benefits and Challenges
The 2025 401(k) contribution limit increases to $23,500, with a $7,500 catch-up for those 50+, plus a super max catch-up of $11,250 for those aged 60-63; however, employer plan approval is necessary. A CNBC poll found 40% of Americans are behind on retirement savings.
2025 401(k) Contribution Limits Increase: Benefits and Challenges
The 2025 401(k) contribution limit increases to $23,500, with a $7,500 catch-up for those 50+, plus a super max catch-up of $11,250 for those aged 60-63; however, employer plan approval is necessary. A CNBC poll found 40% of Americans are behind on retirement savings.
Progress
40% Bias Score
Understanding Your 401(k) Notices: When to Act
This article details how to understand various 401(k) plan notices, including automatic enrollment, safe harbor, qualified default investment alternatives, summary plan descriptions, annual fee disclosures, and plan amendment notices, explaining when action is required to optimize retirement savings...
Understanding Your 401(k) Notices: When to Act
This article details how to understand various 401(k) plan notices, including automatic enrollment, safe harbor, qualified default investment alternatives, summary plan descriptions, annual fee disclosures, and plan amendment notices, explaining when action is required to optimize retirement savings...
Progress
28% Bias Score
2024 and 2025 401(k) Contribution Limits Increased
The IRS increased 401(k) contribution limits for 2024 and 2025: employees can contribute up to $23,000 in 2024, rising to $23,500 in 2025, with additional catch-up contributions available for those aged 50 and older, and a combined employer-employee limit of $69,000 in 2024, increasing to $70,000 in...
2024 and 2025 401(k) Contribution Limits Increased
The IRS increased 401(k) contribution limits for 2024 and 2025: employees can contribute up to $23,000 in 2024, rising to $23,500 in 2025, with additional catch-up contributions available for those aged 50 and older, and a combined employer-employee limit of $69,000 in 2024, increasing to $70,000 in...
Progress
52% Bias Score