Market fluctuations make some Minnesotans concerned about their 401(k) retirement savings.
Market Outlook and Retirement Concerns “It’s going to feel like a roller coaster,” Royal noted, adding that this year’s market reflects last year’s trends. This unpredictable atmosphere might challenge those planning their 401(k)s or depending on them for retirement income. Louen Sexton, 63, from Mendota Heights, retired from St. Thomas University in January and is […]
Coinbase CEO delivers a powerful message about 401(k) plans.
In his first interview since announcing that Coinbase would join the S&P 500 on May 12, CEO Brian Armstrong described this as a significant moment for both the company and the broader cryptocurrency sector. During the interview, he expressed his delight, stating, “I’m so happy to be included in the S&P 500. Now it means […]
401(k) leader to permit investments in private markets within its retirement accounts
More individuals saving for retirement are showing interest in incorporating private market investments into their portfolios. Empower, a major player in the 401(k) sector, will start permitting investments in individual credit, stocks, and real estate for some managed accounts later this year. The company announced a partnership with seven firms, including Apollo Global Management and […]
The Typical 401(k) Balance for Americans Aged 55 to 64 Might Surprise You
A lot of folks really want to save for retirement, but, you know, life can really get in the way sometimes. When you’re in your 20s, earning an entry-level salary, it’s pretty easy to push those retirement savings to the back burner. And then, as you hit your 30s, plans to save might be derailed […]
This could be the No. 1 401(k) move for 2025
Jason Katz, managing director and senior portfolio manager at UBS, discusses whether President Donald Trump's tariffs will risk passing the tax cuts on “Varney & Co.” If you are looking at the market in 2025 and feeling anxious, you are not alone. Recent tariffs announced in the interim Us and China – Along with retaliatory […]
How should investors handle their 401(k) or IRA during market volatility?
“Claman Countdown” panelists Jack Janasivic and Keith Fitz Gerard discuss how to deal with market volatility in their tariff policy. Financial markets have experienced historic volatility amid rising uncertainty from President Donald Trump's trade war with China and other countries, with experts saying investors should stick to long-term plans and resist the urge to make […]
401(k) balances hit second highest on record: Fidelity
George Kamel, a financial expert at Ramsey Solutions, has become heavier for Americans working at past retirement ages and has been offering advice to investors. According to new data from Fidelity Investments, 401(k) retirement account balances reached “second-highest average on record” in the final quarter of 2024. In its newly released fourth-quarter retirement analyses, the […]
American Airlines’ focus on ESG in 401(k) plan is illegal: judge
A federal judge in Texas said Friday that American Airlines violated federal law by basing investment decisions in its employee retirement plans on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O'Connor is believed to be the first of its kind, amid growing conservative opposition to the rise in socially […]
If you are 60 years old, new 401(k) rules could save you money
Stock Trader's Almanac Editor-in-Chief Jeffrey Hirsch shares his predictions for the stock market in 2025 on “Making Money.” They say it gets better as you get older. This may also apply to 401(k) plans in 2025 for those entering their golden years. Thanks to the provisions of SECURE Act 2.0, retirement planning has been greatly […]
This 401(k) plan feature is a 'green light to contribute aggressively,' advisor says – CNBC
Gipi23 | E+ | Getty Images Penalty for “maxing out too early” Investing in a lump sum, or leveraging large sums of money faster, allows you to make the most of your time in the market. Increase your potential for growthAccording to a Vanguard study published in 2023. But not all plans offer compensation features, […]