Retirement savers, take note – 2025 is bringing big changes to 401(k) plans. That’s because the SECURE Act 2.0 introduces changes that could offer investors new opportunities to enhance their retirement savings. These updates aim to make saving for retirement more accessible and effective for 401(k) savers. Here’s a breakdown of the top 3 changes […]
3 Major 401(k) Changes in 2025 You Need to Know Read More »
401(k) plans are a critical tool for many Americans striving to secure their retirement. These tax-advantaged accounts often represent a significant portion of an investor’s financial future. However, common misconceptions about 401(k) plans may hinder participants from optimizing their retirement savings. Sometimes, the beliefs we hold as facts can lead us astray. This applies to
Are These 401(k) Myths Impacting Your Retirement Savings? Read More »
If you know you need to make some changes in order to increase retirement savings in 2025, then keep reading. We’ve compiled 9 potential changes you can make to your saving, spending, and investing habits that may increase retirement savings in 2025. Read on to learn more. The State of Retirement Savings According to the
How to Increase Retirement Savings in 2025 Read More »
As we wrap up 2024, it’s time to focus on personal finance tips for 2025. Make getting your financial house in order your main 2025 resolution. Not only is it possible, but it is also something many of us need to do. A 2024 Bankrate study found, “Whereas 72% of Americans indicated they were not
12 Personal Finance Tips for 2025 Read More »
America, it may be time to hit pause on spending. Even if just for a little while. The statistics from Clever speak volumes: Nearly three-quarters of Americans (71%) have regrets about their spending, and a majority of Americans (55%) say they spend recklessly. 78% of Americans make purchases they immediately regret. 38% of Americans say
Why It Might Be Time for a Spending Break Read More »
The 2025 retirement savings rules may provide new opportunities for individuals to save more in their 401(k) plans. This is due to the passing of SECURE Act 2.0 which passed in 2022, which many provisions set to take effect in 2025. Some of the new provisions may require employer implementation – and employers have discretion
2025 Retirement Savings Rules You Need to Know Read More »
If you’re between the ages of 60 and 63, 2025 marks a golden opportunity to supercharge your retirement savings. Thanks to the SECURE 2.0 Act, the IRS is rolling out a special “super catch-up” 401(k) contribution limit, allowing eligible individuals to save significantly more than ever before. This new contribution limit is designed to give
2025’s Super Catch-Up 401(k) Contribution: What You Need to Know Read More »
Allianz Life’s 2024 Annual Retirement Study is out, and it shows a whole lot of Americans lack plans for retirement income. In fact, more than half of Americans do not have a plan in place for retirement.¹ If that isn’t troubling enough, in a report entitled Americans Face Alarming Retirement Savings Shortfall, the National Institute
Americans Lack Plans for Retirement Income [New Study] Read More »
There are many Thanksgiving traditions we enjoy, yet often participate in them without knowing their origins. For instance, why do we eat turkey? Why do we watch a parade with giant inflatable character balloons? And when did Friendsgiving become a thing? Keep reading for 12 popular Thanksgiving traditions, and you might just be the smartest
12 Thanksgiving Traditions Explained Read More »
The IRS announced changes to retirement contribution limits to help workers boost their retirement savings with cost-of-living adjustments. Whether you’re saving through a 401(k), IRA, or another retirement plan, these updates can help you plan to maximize your contributions and ensure your retirement fund grows over time. 401(k) Retirement Plan Contribution Limits for 2025 401(k)s:
Retirement 401(k) and IRA Contribution Limits for 2025 Read More »
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