US senators are for the second time calling on financial giant Fidelity to reconsider offering Bitcoin (BTC) as an investment in 401(k) retirement accounts. In a letter to Fidelity CEO Abigail Johnson...
Tag: 401k
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly cle...
Trump Loses His Clutch on Your 401(k) in Department of Labor Ruling
On Tuesday, the Biden administration finalized a series of rules that will make it easier for employers to include so-called impact investment funds in their retirement plans. Specifically, the Depart...
US Lawmakers ‘Strongly Urge’ Fidelity to Reconsider its Bitcoin 401(k) Initiative
The American senators – Elizabeth Warren, Tina Smith, and Richard Durbin – advised Fidelity Investments to reconsider its decision to allow investors to add bitcoin to their retirement 401(k) plans. O...
US lawmakers ask Fidelity to drop its Bitcoin 401k plan
United States lawmakers are asking Fidelity Investments, the leading provider of 401(k) accounts in the US, to reconsider its decision to offer Bitcoin as part of its customers’ retirement plans. The ...
Senators Once Again Ask Fidelity to Stop Offering Bitcoin in 401(k)s
Three US Senators have urged Fidelity to stop its 401(k) sponsor partners from offering bitcoin exposure — likening crypto investing to “catching lightning in a bottle.” In a Monday letter penned to F...
US Senators Concerned for Fidelity and Its Bitcoin 401k Plans
Three Senators call out Fidelity Investments in a letter to reconsider its decision to offer Bitcoin Retirement plans. Especially after the FTX collapse. Although there is still fear over the looming ...
The average 401(k) balance plunged a nasty $29,000 over the past year — but these 3 large-cap stocks have protected investors from the pain (and could do it again in 2023)
The average 401(k) balance plunged a nasty $29,000 over the past year — but these 3 large-cap stocks have protected investors from the pain (and could do it again in 2023) 2022 continues to deliver a ...
Are you prepared for year-end 401(k) deadlines?
As we approach the end of the year, now is a great time to ensure you’re getting the most out of your 401(k) plan. There are several opportunities to expand your savings, potentially minimize your tax...
The Real Reason Why 401(k) Balances Went Up During the Pandemic
dc plans contributions pandemic The COVID-19 pandemic changed the world in more ways that most people can count, from the way kids go to school to how restaurants operate. One change that may not have...
Suze Orman ‘was so upset, honest to God’ when the government made it easier to tap your 401(k) in a time of need — she has one big reason why you should never borrow from your retirement
Suze Orman ‘was so upset, honest to God’ when the government made it easier to tap your 401(k) in a time of need — she has one big reason why you should never borrow from your retirement It migh...
Average 401(k) balances are down more than 20% this year. Here’s what experts say you should do to make it through a volatile market
Saving for retirement is one of the most important financial to-dos, but the journey from a zero balance to a comfortable savings you can live off of in your later years isn’t always linear. According...
Retirement savers seeking safe havens within 401(k) plans may rue it
Yongyuan | E+ | Getty Images Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have d...
Average 401(k) balances drop below $100,000: Fidelity
During this time of high inflation and increased interest rates, investors are understandably nervous about finances. The number of people with negative feelings about finances has increased in the pa...
Higher 401(k) contribution limits mean little to many workers
While Americans can stash away gobs more money in their retirement accounts next year, a huge swath of workers won’t benefit from the huge increase in the annual contribution limit for 401(k)s and sim...
Your 401(k) has had a wild year — how to know when it’s time to rebalance
After a roller coaster of a year, retirement accounts may need a little fine tuning and consultation. Retirement Tip of the Week: If you haven’t checked the allocation of your investments recently, d...
One reason the rich get richer
Legend has it that Ernest Hemingway and F. Scott Fitzgerald disagreed about the rich. Fitzgerald, who had stars in his eyes, supposedly said, “The rich are different from the rest of us.” “Yes,” repli...
Fidelity, ForUsAll offering 401(k) investors access to cryptocurrency
Justin Tallis | Afp | Getty Images Retirement savers in some 401(k) plans are starting to get access to cryptocurrencies like bitcoin. Fidelity Investments, the largest provider of 401(k) plans by tot...
Is It Better Save Or Invest Right Now?
| Getty Images Key Takeaways Savings account rates always tend to lag behind borrowing rates, but the gap is particularly wide in 2022. Savings accounts aren’t yielding impressive returns and are losi...
Why retirement calculators fail the people who need them most — and what to do about it
Or were you so overwhelmed by the steps and questions that you only increased the amount you were saving by a little bit — or not at all? If you fall into the latter category, don’t feel bad. A new st...
Nearly 50% of Gen Z and Millennials Want Crypto Exposure in 401(k) Plans: Survey
As the global financial ecosystem continues to witness major changes, young investors in the United States are increasingly leaning towards crypto assets as an alternative investment option to add to ...
How Much Should I Contribute to My 401(k)?
No matter your age, you probably have a lot of questions and concerns about saving for retirement. How to save for it, what options are available, and—most importantly—how much money should you be soc...
American retirement savings and 401(k) balances take a huge hit. Gen Z has it worst.
With the stock market tanking and inflation continuing to drive up the cost of everyday staples, it’s no wonder that Americans are feeling less confident in their retirement plans. About four in 10 Am...
Americans think they need $1.25 million to retire. Is that even enough?
Americans think they need $1.25 million to retire comfortably, new research suggests, but while that number may seem hefty — it still may not be enough. A study from Northwestern Mutual released this ...
Nearly 50% of Gen Z and Millennials want crypto in their 401(k)
Nearly 50% of Gen Z and Millennials would like to have cryptocurrencies as part of the 401(k)s, a new survey on how workers save for their retirement has revealed. Asset manager Charles Schwab publish...
How bad could it get for your 401(k)?
Probably the best argument for investing some more of our 401(k)s in the stock market right now is all the people telling us not to. As a general rule, it’s been a good time to be bullish when so many...
How to save above 401(k) deferral limits with after-tax contributions
If you’ve already maxed out 401(k) plan contributions for 2022 and you’re eager to save more for retirement, some plans have an under-the-radar option, experts say. For 2022, you can defer...
Opinion: The limit for 401(k) contributions will jump nearly 10% in 2023, but it’s not always a good idea to max out retirement investing
The federal government will allow you to save nearly 10% more for retirement in 2023. But it’s not likely that many will take advantage of the tax break. The simple reason: Most people don’t make enou...
Opinion: Fidelity sticks with bitcoin 401(k) offerings despite crypto turmoil — but why?
I have to hand it to Fidelity. For their nerves of steel, at least. The company that runs America’s biggest 401(k) platform is sticking with its plans to offer bitcoin in retirement plans. This is des...