Good times, but not for all. – Getty Images Rising numbers of Americans are making emergency “hardship withdrawals” from their 401(k) plans to avoid eviction or foreclosure, new data reveal. The data, from investment and retirement giant Vanguard, raise new fears about the looming retirement crisis facing millions—and about just how widespread the current “economic […]
Some super-savers in the Gen X generation – those born between 1965 and 1980 – are looking at eye-popping amounts in their 401(k) plans, the kind of money that comes awfully close to 401(k) balances for some super-saving baby boomers. Granted, every Gen Xer isn’t flush with retirement cash. We’re talking about long-term savers who […]
/SplashNews.com / /SplashNews.com Having a hefty retirement account is great, but that alone isn’t enough. If you don’t understand essential retirement planning topics, you’re in trouble, according to Suze Orman. On her website, she cited a recent study — participants were in the 50-to-75-year-old age bracket — examining knowledge of topics such as longevity risk, […]
Until a few months ago, Kloe Lloyd, who works as a policy and advocacy associate for a research firm in Washington, D.C., did not have saving for retirement on her to-do list. “It’s been a struggle,” the 25-year-old told Yahoo Finance. “A lot of Gen Zers like me got a late start with our career […]
Shortly before the US Securities and Exchange Commission approved spot bitcoin exchange-traded funds (ETFs) on Wednesday night, it reissued a “no FOMO” warning to investors. The warning not to invest over “fear of missing out” emphasized the volatility of digital assets, noting how trendy cryptocurrency investments go through extreme highs and lows, representing billions of […]