When young people are dissatisfied with a job or feel it intrudes too much on their personal lives, they find a new one. Not so easy for older workers. Their decision is complicated partly because they have fewer employment options as they age, but also because they must ask themselves whether or not it’s time to retire….
Social Security recipients will soon receive the largest increase in their monthly benefits that they’ve seen in seven years. The U.S. Social Security Administration announced today that beneficiaries will receive a 2.8 percent cost-of-living adjustment, or COLA, next year….
Ten years ago, Lehman Brothers filed for Chapter 11 bankruptcy, sending equity markets and ultimately the economy into a tailspin. Now, household income is at record highs, wage growth is the fastest in a decade, and average 401(k) and IRA account balances top six figures for the first time on record. But are Americans better prepared for retirement today than they were at the front of the Great Recession?….
Many companies now offer employer-sponsored Roth 401(k) retirement accounts alongside traditional 401(k) plans, giving employees another way to save for retirement. What's the difference? And should you open one?…