Sherwin-Williams will bring back 401(k) matching contributions for employees.
Sherwin-Williams to Resume 401(k) Contributions CLEVELAND, Ohio — Sherwin-Williams has announced it will restart matching contributions to its 401(k) retirement plan beginning February 1, after having suspended these benefits last October. The paint and coatings company also plans to provide employees with a voluntary make-up contribution to compensate for the period of suspension that lasted […]
Trump rejects idea of using 401(k) funds for home down payments.
Updated January 22, 2026, 8:01 PM ET WASHINGTON – President Donald Trump has come out against a proposal supported by one of his top economic advisors that would let Americans tap into their 401(k) retirement savings for home down payments. “I’m not a big fan. Others like it too,” he told reporters during a flight […]
A Financial Advisor Suggested Transferring $50K From His 401(k) To A Traditional IRA In 2021. Five Years Later, He Has Gained Only $2K.
Investor’s Retirement Fund Barely Grows After 401(k) Move In 2021, a 34-year-old investor decided to take conventional advice to heart. With guidance from a financial advisor, he transferred about $50,000 from his 401(k) into a Traditional IRA. Following that, he essentially did what most people are typically recommended to do with their retirement savings. “That’s […]
Trump administration suggests using 401(k) savings for home down payments
New Housing Plan Involves 401(k) Withdrawals The Trump administration has announced a housing initiative that would permit American workers to withdraw money from their 401(k) retirement accounts without facing penalties, specifically to purchase homes. Normally, individuals are not allowed to take early withdrawals from their retirement savings without incurring IRS penalties. However, this plan aims […]
An increasing number of Americans are joining the 401(k) millionaire group. Here’s how they are achieving it.
According to the 2025 Northwestern Mutual Planning and Progress Study, Americans estimate that achieving a comfortable retirement will cost around $1.26 million. Hitting a savings target of $1 million is seen as a positive step. There’s a silver lining from Fidelity: their analysis reveals that for the third quarter of 2025, the count of 401(k) […]
Trump’s housing proposal would permit using 401(k) funds for down payments, according to an adviser.
Trump Administration to Allow 401(k) Withdrawals for Home Purchases On January 16, the White House indicated that the Trump administration is planning to allow individuals to use some of their retirement savings for a home down payment. Economic adviser Kevin Hassett mentioned in an interview that specifics would be revealed next week. “We’re going to […]
Trump administration suggests allowing Americans to use 401k funds for home down payments
New Plan on Retirement Savings for Homebuyers On Friday, Kevin Hassett, an economic adviser at the White House, mentioned that the Trump administration is gearing up to let investors tap into part of their retirement savings for home down payments. Specifics are expected to be revealed next week. In a chat on Fox Business Network, […]
Proposed Bill May Allow Older Workers to Use 401(k) Funds for Annuities, But Is It a Good Idea?
Key Points If enacted, the proposed House bill would enable employees aged 50 and up to transfer some or all of their 401(k) savings into a pension. Experts caution that pensions can be complicated, costly, and not easily accessible. The legislation also aims to clarify information regarding 401(k) rollovers for employees leaving their jobs, as […]
Key 401(k) information for 2026 is increasingly important, says advisor. Here’s what to know.
Important 401(k) Changes for 2026 As more older Americans near retirement, there’s a growing focus on increasing 401(k) savings to handle soaring medical bills and daily expenses. According to financial experts, it’s crucial to stay informed about upcoming changes to 401(k) plans in 2026. Jun Um, a certified financial planner at Secure Tax and Accounting […]
The Savings Millennials Have in Their 401(k) Plans and Its Significance
Important points Fidelity projects that the typical 401(k) balance for Millennials, aged 29 to 44 in 2024, will be around $67,300, with a contribution rate of 8.7%, which is the second lowest among generations. Transamerica Retirement Research Center’s findings suggest that the median retirement savings for Millennials is even lower, at $65,000, indicating that half […]