Retirement

Social Security benefits are adjusted to protect retirees against inflation, but not enough, according to some experts, advocacy groups and lawmakers.

According to a new survey from BlackRock, only 60% of Gen Xers say they are on track to have enough retirement savings. And time is running out — the oldest of them are reaching retirement age.

The investment company found that its 401(k) holders contributed 7.4% of their earnings in 2023. Automatic enrollment is a factor.

A new Vanguard study says 401(k)s aren’t enough for many people to retire, and that the top 20% of earners get 44% of employer contributions.

Steve Christo runs a custom boot shop in Virginia. “I thought, ‘If I can build nuclear detectors, I should be able to make a boot,'” he said.

The Biden administration’s rule overhauls requirements for retirement plan advisers to act in the interests of clients.

Monday’s report on the system’s “go-broke” date raises questions about how Social Security is funded.

More than 60% of people over 50 are worried they won’t have enough money to live on in retirement, which is more than last year, according to a recent survey from AARP.

“Hardship withdrawals” are rising, Fidelity Investments reports, most commonly to avoid eviction or foreclosure or pay medical bills.

A new bill follows up on recent bipartisan legislation to expand access to retirement savings.