401(k)

The Reasons Why a 1 Million 401(k) Isn’t Foolproof

According to a recent survey by Fidelity, the number of 401k millionaires has decreased by 32% over the past year. In an era where pensions are vanishing, a 401(k) is most employees’ primary retirement security source.

The Surprisingly Straightforward Solution to America’s Retirement Problem

Among all the policy levers we can pull to help address the retirement issue in the United States, the most effective may be astonishingly straightforward. According to a stunning new study, merely speaking with a financial counselor may be enough to increase people’s savings rates significantly.

Great News, Your Roadmap For Retirement Recovery Is Here

Most people are playing catch-up. The bear market is to blame for last year’s losses, which caused account balances to decrease, particularly in the first half of 2022. The good news? In the game of retirement savings, the time does not run out, unlike in NFL football. Comebacks are feasible, provided the proper strategy is employed and adhered to. The strategy used is known as a recovery plan.

Here Is Why Your Retirement Fund Can Benefit From ETFs

Exchange-traded funds (ETFs) are investment vehicles that track an index, commodity, or a basket of assets and trade like stocks on an exchange. All these factors have made ETFs a popular investment vehicle for investors seeking a low-cost, diversified, and flexible investment option.