401(k) Archives - Marketplace

401(k) balances are rising, but most savers still won't have enough for retirement

by Samantha Fields

Aug 18, 2023

The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.

Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.

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What’s the deal with catch-up provisions and retirement?

by David Brancaccio , Chris Farrell and Erika Soderstrom

Jul 27, 2023

The details on this savings tactic and how it’s changing in 2024.

According to a study by Vanguard, only 16% of people near retirement took advantage of the catch-up provision.

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Congress moves to boost rainy day funds for workers

by Nova Safo , Chris Farrell and Erika Soderstrom

Dec 28, 2022

Included in the $1.7 trillion spending bill Congress recently passed are measures to help grow workers’ emergency savings.

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Fidelity will give employers the option of adding bitcoin to the options in the 401(k) plans they offer

by Matt Levin

Apr 27, 2022

And companies may have good reasons not to.

While a 401(k) that includes cryptocurrency may pique the interest of younger investors, the volatility of bitcoin worries some financial advisors.

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A bill that aims to expand access to 401(k) accounts is on its way to the Senate

by Stephanie Hughes

Mar 31, 2022

The House approved it by an overwhelming, bipartisan majority.

The Securing a Strong Retirement Act, now in the Senate, aims to make it easier for Americans to save for retirement.

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COVID-19

Few people are tapping 401(k)s, even without withdrawal penalties

by Samantha Fields

Nov 12, 2020

The CARES Act made it easier to get money out of retirement savings early. But that only helps people with enough cushion to have a 401(k).

At Vanguard, 4.5% of people had taken a coronavirus-related distribution as of the end of September.

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401(k) balances are rising, but most savers still won't have enough for retirement

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What’s the deal with catch-up provisions and retirement?

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Congress moves to boost rainy day funds for workers

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Fidelity will give employers the option of adding bitcoin to the options in the 401(k) plans they offer

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A bill that aims to expand access to 401(k) accounts is on its way to the Senate

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Few people are tapping 401(k)s, even without withdrawal penalties

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401(k) balances are rising, but most savers still won't have enough for retirement

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What’s the deal with catch-up provisions and retirement?

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Congress moves to boost rainy day funds for workers

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Fidelity will give employers the option of adding bitcoin to the options in the 401(k) plans they offer

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A bill that aims to expand access to 401(k) accounts is on its way to the Senate

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Few people are tapping 401(k)s, even without withdrawal penalties

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