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Stories Tagged as

Retirement

Retirement accounts fell more than 20% in 2022

by Mitchell Hartman
Feb 27, 2023
Fidelity Investments reports that average 401(k) and IRA balances fell to around $104,000 in 2022, as financial markets stumbled.
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Why are more and more public school principals quitting their jobs?

by Stephanie Hughes
Feb 22, 2023
A Rand survey finds that 16% of public school principals retired or quit in the 2021-22 school year, more than double the rate from the year before.
School principals have increasingly been at the center of polarizing debates over issues like masking.
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Making a major life change? These financial steps can help

by David Brancaccio and Alex Schroeder
Feb 21, 2023
Whether you've decided it's time to change jobs or you're dealing with an unforeseen circumstance.
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It can be harder for seniors to get mortgages, research shows

by Samantha Fields
Feb 15, 2023
Many older people have lower incomes and less time to pay off loans than younger counterparts, making lenders hesitant.
Older homeowners may be denied refinancings or new mortgages because of high debt-to-income ratios or other financial factors, according to Linna Zhu at the Urban Institute.
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What's behind the larger Social Security checks?

by Sabri Ben-Achour , Chris Farrell and Erika Soderstrom
Jan 23, 2023
This month Social Security checks went up by an 8.7% cost of living increase. But what happens to social security in the future?
Marketplace Senior Economics Contributor Chris Farrell outlines the benefits of this month's boost to government retiree benefits.
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With more Brits retiring early, the Bank of England warns of a shrinking workforce — and rising inflation

by Stephen Beard
Jan 17, 2023
A surge in the number of early retirees threatens to prolong inflation in the U.K.
The Bank of England, seen above, warns that a shrinking workforce and prolonged labor shortages could drive up inflation.
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Coming soon: new tax incentives for low-income people to save for retirement

by Samantha Fields
Dec 30, 2022
People who meet certain income requirements will soon be able to get a 50% match from the federal government on up to $2,000 they save in a retirement account.
A 2019 paper found many white Americans don't fully understand the true size of the racial wealth gap.
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Reforms in latest spending bill could help close gender gap in retirement savings

by Meghan McCarty Carino
Dec 27, 2022
The SECURE Act 2.0 aims to help part-time and lower-wage workers — categories where women are overrepresented — save for retirement.
Because women typically generally earn less over their lifetimes, it can be more difficult for them to save for retirement, says economist Betsey Stevenson.
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How Congress' latest bid to help Americans save for retirement falls short

by Meghan McCarty Carino
Dec 12, 2022
Economists say bills like the Secure Act 2.0 mostly benefit those who already have some retirement savings.
One in four Americans aren't saving for retirement, many of them because they can't afford to.
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Social Security recipients to get their biggest cost-of-living raise in over 40 years

by Samantha Fields
Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
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