“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.
A recent global ranking of 47 retirement income systems puts the U.S. right in the mediocre middle at 22nd place.
"This particular job, one of the reasons I took it is because I knew that you'd never stop learning, and I find that really exciting," said Violet O'Brien, a notary in Houston.
Much attention is paid to younger borrowers, and rightfully so. But some 3.5 million Americans 60 and older hold substantial debt.
With the acceleration of baby boomer retirements, multiple sectors face long-term challenges finding enough workers to meet demand.
The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.
Today, nearly a third of Japan's population is over the age of 65. Compared to how much wealthy nations' populations will age in the coming decades though, Japan "is only the tip of the iceberg" says New York Times journalist Lauren Leatherby.
A new law set to go into effect next year would allow you to double your money when you pay student loans.
The details on this savings tactic and how it’s changing in 2024.