Latest 401(k) plans News

Liz Weston: What to do if you save too much for retirement

Jun. 07, 2021 07:04 AM EDT

Many Americans don’t save enough for retirement, but it’s entirely possible to save too much — at least according to the IRS. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Uncle Sam...

Liz Weston: The checks that could change your financial life

May. 17, 2021 07:02 AM EDT

Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan’s expansion of the child tax credit. The payments are scheduled to end in December, and it’s unclear whether they will be...

Liz Weston: 8 ½ birthdays that can affect your finances

May. 03, 2021 06:34 AM EDT

You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars. ...

Editorial Roundup: Illinois

Apr. 27, 2021 11:06 AM EDT

Chicago Tribune. April 26, 2021. Editorial: The Illinois Exodus continues. We’re losing a congressional seat. Illinois will lose one congressional seat in 2022, from 18 to 17, following the release of preliminary U.S. census numbers on Monday. This...

Why good news for the economy can be a drag on your 401(k)

Mar. 18, 2021 13:17 PM EDT

NEW YORK (AP) — A huge shift is underway within the stock market, one that might roil your 401(k) in the short term, but one that many professional investors also see leading to longer-lasting gains. A surge of optimism that the pandemic is on the way out has convinced...