Key Takeaways A growing percentage of Americans believe they'll need at least $1 million to retire comfortably, according to a new survey from Betterment, a robo-advisor and fintech company. In 2025, nearly half (48%) of workers reported that they'd need at least $1 million to retire, up from 37% the year prior. Yet for many Americans, achieving that milestone may be challenging. Only about half (54.3%) of households actually had retirement account assets, while just 4.6% of households had assets worth more ...

For Gen X, fears of a future retirement savings shortfall are finally hitting in the gut. With the first of this cohort turning 60 this year, decades of kicking retirement savings down the road have come back to bite them. Two new surveys zero in on their angst, why they’re in this mess, and how they’re taking steps to dig themselves out. Let’s start with the hand-wringing. More than 8 in 10 are worried that they will not have enough money for a comfortable retirement, according to the Schroders 2025 U ...

When it comes to helping your kids financially, most boomers face a tricky question: how do you transfer money without the IRS taking a huge cut? Read More: How Much You Need To Earn To Be Upper Middle Class in Every State Discover Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too I talked with Lance Morgan, financial expert and founder of College Funding Secrets, to find out the smartest strategy. His answer centered on a specific dollar amount that caught me off gu ...

401(k)计划参与者的普遍知识缺口 - 许多美国工作者难以恰当理解、追踪和管理其401(k)计划，导致微小的偏差可能严重危及退休目标 [1] - 一项2024年的研究显示，约9200万美国人已在401(k)计划中累计储蓄超过7万亿美元，但许多人对基本机制（如更换雇主时的分配选项）理解困难 [2] - 另一项研究发现，85%的计划参与者在回答关于计划的基本问题时存在困难 [2] 常见的成本高昂的错误 - 许多工作者从默认缴费率开始且从不考虑上调，而许多雇主设定的默认自动缴费率约为3%，这对于建立充足的退休储蓄而言过低 [4] - 尽管越来越多的401(k)计划包含自动增缴功能（通常每年自动增加1%直至上限），但许多计划仍无此功能，且更换雇主后可能再次被默认设置为较低的缴费率 [4][5] - 在假设年薪10万美元、年回报率10%不变的情况下，仅以3%的比例缴费需要近38年才能积累100万美元，而将缴费率提高至5%则可将时间缩短至32年，提前6年达成目标 [5][6]

PeopleImages.com - Yuri A / Shutterstock.com Quick Read The 4% rule assumes a 30-year retirement horizon with a balanced stock-bond portfolio. Ramsey’s 8% rule requires a stock-heavy portfolio to generate sufficient returns. Both strategies demand flexibility to adjust for market conditions. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here.   When you spend your entire life working hard to save fo ...

Canva | GeorgePeters from Getty Images Signature and 77DZIGN from Getty Images Signature Key Points 401(k) plans typically do not allow individual stocks. This limits the ability to beat market returns. Early withdrawal penalties apply before age 59.5. Exceptions exist if you leave your employer at 55 or later. Direct rollovers avoid penalties better than indirect rollovers when changing jobs. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Am ...

Key Points Giving up your workplace match is something you might kick yourself for. Ignoring investment fees could leave you with less money. Passing up a Roth could leave you with fewer options and higher taxes in retirement. The $23,760 Social Security bonus most retirees completely overlook › If you're contributing to a 401(k), you're already doing your part to set yourself up for a financially stable retirement. And that's something to be proud of. Many people kick off retirement without per ...

Announced as part of Budget 2023, the Central Provident Fund (CPF) Ordinary Wage (OW) monthly salary ceiling will be gradually raised to S$8,000 by 2026.To the employees, it means higher CPF savings and lower take-home pay. For investors, this change could reshape how you plan your long-term savings and investment strategy. Let us break down what this change means, how it can benefit you, and how it can affect your retirement planning.  What’s Changing — and Why It MattersFrom 1 January 2026, the CPF OW mon ...

Change is life’s only constant, the Greek philosopher Heraclitus once observed. More than 2,000 years later, the premise still holds — for topics from the seismic to the mundane, like saving money for retirement. And while change is often unsettling, many of the alterations in rules governing retirement accounts that take effect in 2026 can simplify building up the savings necessary to live the life you want when you stop working full-time. Here’s a look at the new standards and how they might affect your ...

Milan_Jovic / Getty Images KEY TAKEAWAYS As Americans' average lifespans continue to increase, the average amount of savings will likely not last an entire retirement. Additionally, as inflation continues to persist, retirement accounts need to have more savings to afford the increased price of goods and services. Retirement accounts can shift to a "purpose-oriented portfolio strategy" and increase savings so that they earn 4% to 5% more than inflation. Americans are facing longer retirement as w ...