The average new car costs nearly as much as the median American aged 45-54 has saved for retirement — a staggering $47,000 versus $48,301 — highlighting the immense financial pressures faced by many as they approach their golden years. Don’t Miss: While 401(k) plans are fundamental to retirement savings, Vanguard’s “How America Saves 2023” report […]
For the first time ever, Gen X workers saw their 401(k) balances top those of Baby Boomers, Fidelity data showed. Balances for Gen X workers who’ve been saving for 15 years averaged $543,400, $200 more than Boomers’, according to the financial service firm’s analysis of its more than 22 million accounts in the first three […]
The CFPB sued student-loan company PHEAA, accusing it of illegally collecting borrowers’ payments. The lawsuit claimed PHEAA was collecting on private loans already discharged through bankruptcy. It also accused PHEAA of sending false information about borrowers to credit agencies. A federal consumer watchdog just hit a major student-loan company with a new lawsuit. On Friday, […]
Graduating from college is an accomplishment at any age, but for 18-year-old Paris Chacon, it was no easy feat — it took determination, tenacity and sacrifice. The El Paso native walked across the stage and received her Bachelor of Science in Nursing degree from UTEP on May 12. “I always loved going to school,” Chacon […]
May 12—JAY — By all accounts Rebecca Richard is an organized and dedicated mother to her eight children. And, as if that wasn’t enough, much more. She was born in Florida and went to high school in Connecticut. That is where she met her husband, got married, started college and had her first two children. […]
A recent Reddit thread on retirement savings offered valuable insights into the diverse financial landscapes and planning strategies people face at various stages of life. The original poster, a single 48-year-old with $504,000 in their 401(k) (75% Roth, 25% traditional), sparked a vibrant discussion by sharing their own savings and sparking curiosity about others’ experiences. […]
Westend61/Getty Images Stellar stock-market returns have boosted Americans’ retirement account balances. The number of 401(k) millionaires is up and average account balances are the highest in two years. Sources caution anyone thinking about retirement not to get complacent and plan ahead if they want to tap their gains. The soaring stock market is minting a […]