Workers age 50 and older can take advantage of 401(k) catch-up contributions, allowing them to contribute up to $7,500 more than younger participants. In 2024, you can put in up to $30,500 if you ...

Charday Penn / Getty Images While most Americans are familiar with 401(k) plans as retirement-saving vehicles, there are lesser-known retirement plans. One example is the 401(a) plan, which is ...

The 401(k) is a very popular investment vehicle for retirement planning. Participating individuals gain valuable tax advantages as they set aside a portion of their salaries to their 401(k ...

The number of 401(k) millionaires hit an all-time high, according to Fidelity Investment’s latest quarterly report, buoyed by steady investing and strong stock-market performance. Retirement ...

Since Congress created 401(k) plans in 1978, they have become the most popular retirement account in the U.S. One-third of workers had a 401(k)-style account in 2020, roughly double the number ...

The number of 401(k) accounts with $1 million or more increased 31 percent, to 497,000 in the second quarter compared with the same period a year earlier, according to Fidelity Investments ...

Please view our full advertiser disclosure policy. With an expense ratio of only 0.015%, this fund is not only one of the best 401(k) investments but also one of the cheapest. A low portfolio ...

Rolling over a 401(k) into an IRA is an effective way to keep retirement savings growing when you plan to switch jobs or retire from the 9-to-5 for good. This type of rollover can also confer tax ...

401k rollover memo on the notepad and cash. Should you roll over your old 401(k) to your current employer? In days past, I would say there are a lot of variables to consider. Nowadays, I am more ...

For workers, a standard 401(k) plan offers a straightforward and tax-advantaged way to save for retirement, but for employers, setting up a 401(k) plan is anything but simple. Companies that want ...

On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at ...