401(k) plans

There's still time for big savers to use 'after-tax contributions' to funnel more into 401(k) plans for 2022

There’s still time for big savers to use ‘after-tax contributions’ to funnel more into 401(k) plans for 2022

If you’ve already maxed out 401(k) contributions for 2022 and want to save more for your retirement, some plans offer a low-key option, experts say. For 2022, you can carry $20,500 into a 401(k), plus an additional $6,500 for investors age 50 and older. But the plan’s total limit is $61,000 per worker, including matches, …

There’s still time for big savers to use ‘after-tax contributions’ to funnel more into 401(k) plans for 2022 Read More »

55% of working Americans believe they are behind on retirement savings.  Here's how to catch up

55% of working Americans believe they are behind on retirement savings. Here’s how to catch up

nicoletaionescu | Istock | Getty Images As it has become harder to stretch a dollar at the grocery store and at the gas pump, some Americans are retreating from a key long-term goal: retirement savings. More than half of workers – 55% – said they felt behind on their retirement savings, according to a new …

55% of working Americans believe they are behind on retirement savings. Here’s how to catch up Read More »