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

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?

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

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

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

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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