What Are Retirement Savings Benchmarks? Retirement savings benchmarks refer to the standards or goals individuals should aim to achieve by a certain age or point in their lives in terms of the amount ...

As of the second quarter of 2024, 401(k) and individual retirement account balances notched the third-highest averages on record, helped by better savings behaviors and positive market conditions, ...

Retirement goals are influenced by numerous factors, ranging from your age and income to your lifestyle preferences. Although certain common goals apply to nearly everyone — including the need to ...

Generation X — the now middle-aged former latchkey kids who spent much of their childhoods unsupervised in front of MTV — are known for their independence, resourcefulness and pessimism. That ...

MFS found that plan sponsors earned a C+ grade for their confidence in their participants’ ability to retire at the age they want, while participants themselves showed more confidence. Plan sponsors ...

Millennials are actively adjusting their retirement strategies in response to economic pressures, with 67% reacting to inflation and 60% to rising housing costs. Half have opened retirement accounts, ...

The disparity comes from a lack of access to plans, guidance and education, according to Escalent’s Cogent Syndicated. Often deprived of the same mechanisms that salaried workers use to save for their ...

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

Should you leave a high-paying job for less stress? The Coast FIRE Reddit community chimes in. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in ...

Confidence about meeting retirement goals varies widely across generations, with Generation X standing out as the least optimistic, according to new research. PNC Bank's third annual Financial ...

A traditional IRA provides up-front tax breaks that make investing easier. A Roth IRA offers tax savings in retirement and can help you avoid taxes on Social Security. The right account for you will ...