Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...
Tag: Retirement
6 Big Changes to Your Retirement That Are Coming
Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...
US Senator Toomey unveils permissive stablecoin bill prior to retirement
Soon-to-be retired U.S. senator Pat Toomey introduced a bill on Dec. 21 that could pave the way for a more open stablecoin framework beginning next year. Titled the Stablecoin TRUST Act, Toomey’s bill...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
Congress wants to change how you save for retirement — here’s how
Americans could soon change the way they save for retirement, thanks to several reforms included in the mammoth $1.7 trillion omnibus spending bill that lawmakers are rushing to pass before Friday. At...
Secure 2.0 Act Nears the Finish Line. What to Know About the Retirement Bill.
Legislation that would encourage saving for retirement and increase the age for taking required minimum distributions is nearing passage on Capitol Hill as part of an omnibus spending bill lawmakers a...
Pro-Crypto US Senator Introduces Stablecoin Trust Act Ahead of Retirement
Pro-crypto U.S. Senator Pat Toomey has left a parting gift for Congress before he retires. On Dec. 21, he filed the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” als...
401(k) auto-enrollment and other big changes to retirement plans in omnibus bill for 2023
A package of proposed changes to help Americans save more for retirement could soon be the law. The changes, part of the Secure Act 2.0, are included in the sweeping end-of-year spending bill that law...
Retirement Planning Steps To A Big Nest Egg| Investor’s Business Daily
The holy grail of retirement planning? A humongous retirement nest egg. Or at least one large enough to support you in the style of living you want during your golden years. Maybe that means a retirem...
Big changes to the retirement system are included in Congress’s end-of-year bill
Tucked into the $1.7 trillion government spending bill for 2023 lawmakers unveiled Tuesday are a range of significant reforms to help Americans save more for retirement. These include increasing the a...
Big Changes to 401(k) Retirement Plans Move Ahead in Congress
Listen to article (2 minutes) Congress is on the verge of passing a bill that aims to help Americans save more for retirement and leave their retirement savings untouched and untaxed for longer. The b...
This 10.9% Dividend Is A Smart Pick For Your Retirement Portfolio
Retirement Planning letter in brown envelope opening, business concept getty Today we’re going to delve into a powerful strategy that can “convert” the bounce we’re seeing in the bond markets into a c...
Everything You Need to Know About This Hot Investment That Can Generate Guaranteed Retirement Income
When planning for retirement, there are myriad options for how to invest. The most common option is to use a retirement account — either a workplace plan like a 401(k) or one you get through a financi...
Retirement: Getting Beyond The Numbers
Time and money. getty The popular image of retirement tends to emphasize numbers: a balance in a 401(k) or IRA; a date on the calendar; a quantity of years with the company; a pension plan vesting sch...
Vanguard Says This Modest Change Helps Investors Save Enough Retirement Income
SmartAsset: Can this modest change help you rake in more retirement income? Periodically increasing the amount you put toward retirement can help improve the chances that you’ll have enough retirement...
Moving into a retirement community, how to know when you have enough saved, the best RMD strategies and more retirement news
From MarketWatch Retirement: How much should you have saved for retirement? Aim for these age-related benchmarks as you save for retirement. These are the top 10 mistakes people make when planning fo...
How much should you have saved for retirement?
When I was in my 20s, I was lucky to work for a company that offered a pension plan—and that put me on the road to retirement. Today, unfortunately, company pensions are rare. How can you ensure a com...
4 Retirement Planning Moves That Can Save Big on Taxes, Including Capital Gains
When it comes to investing for retirement it’s not just a matter of how much you make – it’s also a matter of how much you keep. The surest way to boost the returns on your retirement mone...
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
getty The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation numbers. What’s that doing to your investment portfolio? “Intere...
Senator Wants Bitcoin in Retirement Plans?
Can Bitcoin be used for retirement plans in the United States? The crypto winter had not shaken resolve to believe in BTC- Cynthia Lummis. United States Senator Cynthia Lummis, known for her pro-cry...
Senator Lummis Still Trusts Bitcoin For Retirement
The pro-cryptocurrency senator is unmoved by the continuing “crypto winter” or by the proposals from his colleagues to limit the use of bitcoin in retirement plans. He believes that crypto...
Investing Retirement Funds in Bitcoin Remains a Good Idea: Senator Lummis
The Republican Senator Cynthia Lummis remains unfazed by the ongoing bear market, saying Americans should feel safe investing their retirement savings in bitcoin. The politician is among the biggest a...
‘Bitcoin Will Go Up’: Senator Lummis Defends BTC In Retirement Plans
With the rapid adoption of bitcoin over the last few years, the digital asset has been able to make its way into traditional finance. One of the most prominent of these was the inclusion of bitcoin in...
Senator Lummis still ‘very comfortable’ with Bitcoin in retirement plans
Pro-crypto United States Senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls otherwise from her Senate peers. As it st...
Senator Lummis ‘comfortable’ including Bitcoin in retirement funds amid bear market
US Senator Cynthia Lummis is still a devoted Bitcoin supporter, as she wants to add Bitcoin to retirement funds amid the struggling crypto market. “I’m very comfortable with making sure that people ca...
The 4% Rule for Retirement Spending Makes a Comeback
Listen to article (2 minutes) Retirees walloped by high inflation and volatile stock and bond markets are getting some good news: The 4% spending rule—or something close to it—is back. The traditional...
Just 1 in 3 Americans understands this crucial component of planning smartly for retirement — and that lack of knowledge could prove very costly
Are you sure you’re ready to retire? No, really … are you sure? Although some 73% of American workers say they’re on track for a comfortable lifestyle in retirement, a recent report from Transamerica ...
Robinhood Has a new Plan as it Fights for Survival
So now they want to roll out retirement accounts. Robinhood (HOOD) – Get Free Report, the trading app that fueled the revolt of amateur traders against Wall Street elites in early 2021, introdu...
Opinion: What’s the best way to take RMDs from retirement funds? Experts rate 3 options.
I’m a retired educator, and I’m just turning 72. I’m about to start taking my required minimum distributions. I don’t need the full amount, but I guess I have to take it anyway. I don’t know when the ...