The number of 401(k ) millionaires has double in the past 2 years, reports CNBC's Sharon Epperson. Jonathan Clements, "Money Guide 2015" author, provides insight on the surge.» Read More
Martin Mucci, Paychex president & CEO, discusses his company's prospects and what would happen if the Supreme Court actually overturned Obamacare. Sales are up for the first time in two years, he says.
April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals and the deadline for your 2011 IRA contribution is April 17, 2012.
The good news is Americans are living longer. But the worry for many retirees is that they'll outlive their savings.
The government wants to make it easier for workers to convert part of their 401(k) savings into an annuity that would pay guaranteed income checks for life — no matter the ups and downs in the markets.
For most of us, retirement will be the shortest, most challenging period of our lives and yet few are fully prepared for this life stage.
"Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits," says one financial planner.
Figuring out how much you'll need to retire — or how much you can expect to earn on your retirement dollars — isn't as simple as plugging numbers into an online calculator.
New 401K options and greater transparency over fees are designed to give workers and retirees more control over their retirement savings, with CNBC's Sharon Epperson.
Whether you are twenty-something and in your first job or sixty-plus and and retired, there are steps you should be taking.
CNBC's Gary Kaminsky shares tips for re-balancing your 401K.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
Americans are unprepared for retirement, so much so that it's reached crisis levels, according to a new survey of small business owners.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
“Flexible savings accounts are today what the 401(k) match was 10 or 15 years ago, where people didn’t grasp that this free opportunity was sitting there,” says one financial expert.
Why risk your retirement investing in what others claim to know? Technically all retirement plans can be self-directed, but unfortunately the majority of plans are limited to the assets sold by the plan provider.
If your employer has automatically enrolled you in a 401 (k) plan at the beginning of this year, it’s time to take stock of your holdings. What your company has chosen may or may not be advantageous to you.
After plowing money into 401(k)'s and IRAs for decades, struggling over which investments to choose and how best to boost your returns, the time does come, eventually, to withdraw those funds. Here, tips on how to proceed.