In recent years, many Americans have been dipping their toes into cryptocurrency, making investments that sometimes have paid off – big time. And the Department of Labor has recognized this, paving the way for employers to add cryptocurrency to 401(k) plans. Recently,...
In the past, part-time employees haven’t been given the opportunity to receive matching contributions with employer retirement accounts. However, as a provision of the SECURE 2.0 act, the eligibility rules have changed – while the requirements haven not. Currently,...
The number of American workers who are taking hardship withdrawals out of their employer-sponsored retirement plans is on the rise – potentially putting retirement at risk. According to Vanguard Group, 4.8% of 401(k) participants in 2024 took a hardship withdrawal –...
A recent report came out showing that more Americans than ever have $1 million in their 401(k). This is great news for retirement saving! But when you look a little deeper, there still aren’t a massive amount of millionaires winning the game of retirement saving. So,...
It seems Americans are saving more for retirement, with retirement account balances at an all-time high, according to a report by Fidelity Investments. In the report, the company noted that average overall contributions are also on the rise – nudging closer to its...
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