Retirement Savings Challenges for Americans: Why Many Are Struggling

Retirement Savings Challenges for Americans: Why Many Are Struggling

Planning for the future isn’t easy, and Retirement Savings Challenges for Americans have made it even harder to secure a stable financial future. Many workers struggle with balancing daily expenses while trying to build a sufficient retirement fund, often falling short of recommended savings goals. Understanding these challenges is crucial to making smarter financial decisions. … Read more

Thinking About Borrowing From Your 401(k)? Understand the Risks Before You Borrow

Thinking About Borrowing From Your 401(k)? Understand the Risks Before You Borrow

Consider the risks Before borrowing from your 401(k), like early withdrawal penalties and lost retirement growth. While it may seem convenient, alternatives like personal loans or credit cards with 0% rates might be safer. Consult a financial advisor to make the best decision for your future. The Good Side of a 401(k) Loan One of … Read more

Required Minimum Distributions in 2025: Key Changes You Should Know

Required Minimum Distributions in 2025

Understanding your Required Minimum Distributions in 2025 is important because getting it wrong could cost you. If you have retirement savings in a 401(k) or an IRA, you can avoid paying taxes upfront when you contribute, letting you invest more today. But eventually, the government requires you to start withdrawing from your account, which means … Read more

The 2025 401(k) Rule Change: More Savings for Adults 50 and Older

The 2025 401(k) Rule Change: More Savings for Adults 50 and Older

One of the best benefits of a the 2025 401(k) rule change is the ability to save for your retirement with higher contribution limits than many other savings accounts. In 2025 adults under 50 can contribute up to $23,500 to their 401(k) not including any contributions their employers may match. For adults aged 50 and … Read more