News
Using Your 401(k) for a Down Payment Could Cost Your Retirement Savings More Than You Think
1+ week, 6+ day ago (685+ words) Cavan Images / Getty Images As the federal government looks to make housing more affordable, a Trump administration official recently floated making it easier for homebuyers to fund down payments from their retirement accounts. But is that a good idea? Kevin…...
This Proposed Retirement Bill Could Change How You Use Your 401(k)
1+ mon, 1+ day ago (613+ words) Changes to your 401(k) retirement plan might not always make headlines, but there's a newly proposed bill all workers, especially those over 50, should know about. It's called the Retirement Simplification and Clarity Act. This is a bipartisan bill by Representatives Jimmy…...
One Big Way Your 401(k) May Be Changing in 2026
1+ mon, 1+ week ago (432+ words) A major change could be coming to your 401(k). According to CNBC Make It, mutual fund companies are expanding access to a new type of investment designed to provide lifetime financial security. Find Out: 5 Clever Ways Retirees Are Earning Up To…...
Annuities in 401(k) plans aren't all they're cracked up to be
4+ week, 1+ day ago (219+ words) By Alicia H. Munnell Emergency expenses are eating up a lot of retirees' money In any given year, 83% of all retiree households will experience some unexpected expense. A colleague recently asked me what I thought about annuities in 401(k) plans. Before Harvard…...
Two Words Explain Why Your "Retirement Number" Is Probably Wrong
1+ mon, 3+ day ago (450+ words) Ask people how much they need to retire, and there is a good chance they can throw out a number almost instantly. Maybe it's $1 million because that's what they have always heard, or $2 million because some calculator somewhere told them…...
What Retirement Really Looks Like With $5 Million in Savings at 66
10+ hour, 38+ min ago (755+ words) At $5 million in savings at age 66, a 3. 5% withdrawal rate generates $175, 000 annually before Social Security " enough to retire immediately while delaying benefits until 70 to lock in an 8% annual credit (turning $3, 000/month into roughly $3, 960/month permanently). Separate the decision to stop working…...
Calls to Rethink Axing of Genworth 401(k) Fund Class Grow Louder
3+ day, 21+ hour ago (83+ words) Former Genworth Financial Inc. employees challenging their 401(k) plan's Black Rock Inc. target-date funds received support from law professors, plaintiffs' lawyers, and a settlement administrator in their quest to litigate as a certified class. Learn more about Bloomberg Law or Log…...
Mike on the Money: Financial emergencies leading people to tap into 401(k)s
3+ week, 3+ day ago (88+ words) WELL, WEDNESDAY MEANS IT'S TIME FOR MIKE ON THE MONEY. WE'VE GOT MIKE GIORDANO HERE. HI, MIKE. I LOVE THIS. OUR FIRST SEGMENT. I KNOW IT'S BEEN A LONG TIME COMING. I'M EXCITED TO HAVE YOU. AND I'M. .. Search location…...
Why age 69 is crucial to planning a comfortable retirement and legacy
13+ hour, 48+ min ago (530+ words) If you have neglected retirement planning most of your life, you may have one last chance starting at age 69 that could determine how you live your final years and if you leave anything to heirs, some financial advisers said. Taxes…...
What to Do If Your Retirement Plan Is Coming Up Short
1+ mon, 1+ week ago (1454+ words) If your retirement savings aren't where you'd hoped, there are some ways you can bridge the gap, including making catch-up contributions, adjusting your investment strategy or working part-time Updated March 11, 2026, 5: 00 AM EDT If you're nearing retirement with insufficient savings or…...