Retirees lost 10% of their savings in 2022, survey says
Inflation and market volatility has had a significant impact on retirees' savings, research shows. Here’s what you need to know.
Chevron weighs extending CEO Mike Wirth past mandatory retirement age
Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
Rioters take to streets in France over Macron's pension plan
Demonstrations broke out across France on Saturday in opposition to proposed legislation that would increase the minimum retirement age for full state pension from 62 to 64.
'Sandwich generation' survey says Americans caring for children and aging parents are financially stressed
Sixty-six percent of Americans caring for kids and an aging parent said they are at least "somewhat stressed" about the costs of those responsibilities, a Policygenius survey said.
35% of millionaires say retiring securely will take 'miracle'
Some millionaires are anxious about retiring, with 35% saying doing so securely will take a "miracle," according to a survey from Natixis Investment Managers.
401(k) 'hardship' withdrawals hit record amid cost-of-living crunch
More Americans are using their 401(k) retirement plans to help cover financial hardships as consumers continue to confront persistently high inflation.
NFL Hall of Famer Brett Favre on Tom Brady’s retirement: ‘I have to see it to believe it’
Hall of Fame quarterback Brett Favre weighed in on Tom Brady's decision to retire from the NFL after 23 seasons.
House passes bill to protect elderly, vulnerable Americans from financial exploitation
The House passed the bipartisan Financial Exploitation Prevention Act that aims to protect elderly and vulnerable Americans from being scammed out of their savings.
Americans delay retirement, looking to gig work to make ends meet
With inflation and the cost of living on the rise, older workers are increasingly looking to the gig economy to keep afloat, according to data released by the AARP.
Biden rule letting retirement fund managers consider ESG factors to take effect despite red states' lawsuit
A new rule going into effect Monday allows managers of retirement funds to factor in companies' environmental and social stances when making investment decisions.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
Secure 2.0: More part-time workers will be eligible for 401(k) plans
Part-time employees who’ve worked two consecutive years and completed at least 500 hours of service each year can enroll in their company's 401(k) or 403(b) plans, beginning in 2025, as stated in the Secure 2.0 Act. Here’s what it means for you.
Secure 2.0 Act: Required minimum distribution age increases for IRAs
The required minimum distribution age (RMD) has increased from 72 to 73, meaning Americans can leave their investments in longer before needing to make withdrawals. Here’s what you need to know.
Social Security benefits can be taken to pay student loans in default
Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.
New Year's financial resolutions: Americans look to boost emergency funds in 2023
Building up their emergency funds is a New Year’s financial resolution for many Americans, according to a survey by Personal Capital. Here’s how to boost your savings.
Secure 2.0 Act: Americans will be able to make tax-free transfers of 529 plan funds to Roth IRAs
Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.
Social Security checks with record-high 2023 cost-of-living increase set to arrive this week
Larger Social Security payments are set to begin this week for millions of retired Americans, who will see an 8.7% cost-of-living bump to their benefits.
Secure 2.0 Act helps savers nearing retirement boost catch-up contributions
The Secure 2.0 Act of 2022 – a follow-up to the 2019 Secure Act – allows for an increase in "catch-up" contributions for people nearing retirement.
Secure 2.0 Act will help Americans build emergency savings: Here's how
Beginning in 2024, sponsors of individual account plans can create "emergency savings accounts" that allow employees to make Roth after-tax contributions to special savings account within the retirement plan.
Secure 2.0 Act: Student loan payments will count toward 401(K) matching contributions
The Secure Act 2.0 will let companies make 401(k) employer matches based on employees’ qualified student loan payments, beginning in 2024. Here’s how to pay down student loan debt quickly.



















