Don Mason | The Picture Financial institution | Getty Photographs When you’re keen to extend your retirement financial savings, a lesser-known 401(ok) characteristic may considerably increase your nest egg, monetary advisors say. For 2025, you’ll be able to defer as much as $23,500 into your 401(ok), plus an additional $7,500 in “catch-up contributions” if you … Read more
Seksan Mongkhonkhamsao | Moment | Getty Images The average 401(k) plan savings rate recently notched a record high — and the percentage is nearing a widely used rule of thumb. During the first quarter of 2025, the 401(k) savings rate, including employee and company contributions, jumped to 14.3%, according to Fidelity’s quarterly analysis of 25,300 … Read more
Milan Markovic | E+ | Getty Images The average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute. In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of … Read more
[ad_1] Americans are saving more money — and for some, the change in habit comes down to how they feel about the economy. More than 4 out of 10 Americans, or 44%, say they’ve engaged in so-called vibe-based budgeting, according to a new survey by Intuit Credit Karma. In other words, they have adjusted their … Read more
