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Stories Tagged as

Retirement savings

Report finds retirees feeling stretched financially

by Samantha Fields
Nov 14, 2024
The study from the Employee Benefit Research Institute finds many retirees worried they are spending more than they can afford.
Debt is one reason retirees are feeling worse economically: Two years ago, 40% of retirees had outstanding credit card debt. Today, it’s 70%.
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Retired Americans tend to feel good about their finances. Workers, not so much.

by Savannah Peters
Aug 22, 2024
There's a persistent, widening gap between workers’ gloomy expectations and retirees’ rosy reports in an annual Gallup survey.
People dance at a Florida retirement community. A Gallup poll shows retired Americans are generally comfortable with their finances, but many still working are anxious about the future.
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It's easier now to pull emergency money from a retirement account

by David Brancaccio and Alex Schroeder
Jul 22, 2024
You can take out up to $1,000 without penalty if your employer offers the option, thanks to a recent law.
A new federal law makes it easier to pull money from retirement accounts in financial emergencies.
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What role should household wealth play in determining a student’s financial aid package? 

by Stephanie Hughes
Jun 24, 2024
The FAFSA does not ask about two key measures of wealth – the family home and retirement accounts.
Some researchers think the education system should be taking a closer look at a student’s household wealth in determining financial aid.
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Yet another version of the fiduciary rule is coming

by David Brancaccio , Chris Farrell and Alex Schroeder
May 8, 2024
The Biden administration's rule overhauls requirements for retirement plan advisers to act in the interests of clients.
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Some upbeat economic news for millennials

by David Brancaccio , Chris Farrell and Alex Schroeder
Mar 12, 2024
New research casts doubt on the widespread belief that the generation of Americans will be worse off than their parents.
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More Americans are dipping into retirement funds for emergencies

by Henry Epp
Nov 21, 2023
“Hardship withdrawals” are rising, Fidelity Investments reports, most commonly to avoid eviction or foreclosure or pay medical bills.
The most common reasons for "hardship withdrawals," Fidelity reported, were avoiding eviction or foreclosure and paying medical expenses.
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The latest push for a national retirement savings system

by David Brancaccio , Chris Farrell and Alex Schroeder
Nov 8, 2023
A new bill follows up on recent bipartisan legislation to expand access to retirement savings.
A new bill in Congress, the Retirement Savings for Americans Act, would boost retirement security for low- and moderate-income workers.
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401(k) balances are rising, but most savers still won't have enough for retirement

by Samantha Fields
Aug 18, 2023
The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.
Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.
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Pay off student loans, or save for retirement? Both.

by David Brancaccio , Erika Soderstrom and Alex Schroeder
Jul 28, 2023
A new law set to go into effect next year would allow you to double your money when you pay student loans.
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