Contributing to your 401(k) is a great way to prepare for retirement, allowing for tax-deferred growth and, in some cases, ...
Your employer's 401(k) match looks like a small line on your pay stub, but it functions more like a built‑in raise that ...
The average American contributes a percentage of their paycheck to their 401(k). Here's how your savings rate compares.
Discover how 401(k) balances in your 40s and 50s stack up and learn smart strategies to grow savings, such as catch-up ...
How much should I have in my 401(k) by age 30? ‍By age 30, you should ideally have saved 1x your annual salary in your 401(k). For example, if you earn $70,000, aim for $70,000 in retirement savings.
Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. A 401(k) is an employer-sponsored savings plan that allows ...
Not only will workers under 50 be able to contribute more, but catch-up contributions are increasing as well. If you can't max out your 401(k), there's one specific goal you should try to meet. If you ...
Millennials average 401(k) balance is $67,300, far below Gen X and boomers. Median savings are only $65,000, showing many lag ...
The ideal 401(k) balance by age 30 is 1x your annual salary, 3x by age 40, 6x by age 50, 8x by age 60, and 10x by age 67. In 2025, you can contribute up to $23,500 annually to your 401(k), plus an ...