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Gen X reports ‘lowest’ financial health, but they can ‘catch up’ on retirement savings in 2025

By Lynn Cavanaugh

For the first time in years, Gen X reported slightly worse financial wellness than Gen Z, but the new catch-up contribution rules for next year will give them a boost, according to a new Guardian report.

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News

DOL ‘secretly’ shared pension plan info with plaintiff lawyers: House Committee

Research

Student debt takes a toll on 401(k)s: Worker incentives that improve savings

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Retirement Stories

November 22, 2024

Should collective investment trusts be allowed in 403(b)s? The saga continues

There’s a push by Congress to pass a bill to allow CITs – tax-exempt, pooled investment vehicles similar to mutual funds – in 403(b) plans, but investor advocacy groups oppose the bill. But now, the American Retirement Association is strongly advocating for its passage.

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November 21, 2024

Rhode Island, partnering with Connecticut, to launch auto-IRA program in 2025

In partnership with Connecticut’s state program that launched in 2022, Rhode Island’s new RISavers Program will be required for businesses to enact that do not have a 401(k).

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November 21, 2024

'Employers aren’t responsible for my retirement,' say most (75%) employees

As more U.S. households gain confidence in investing, they're becoming more self-reliant in making financial decisions, according to new research from Hearts & Wallets.

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November 20, 2024

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Auto-IRAs increase coverage of retirement plans because most states require that employers to either enroll their employees in the state plan or offer their own plan such as a 401(k), according to Gusto research.

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November 20, 2024

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

Target date funds with built-in retirement income payment features, as well as required minimum distributions, offer a way for retirees to receive income directly from their 401(k)s, according to a new IRIC paper.

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November 19, 2024

SECURE 2.0 awareness: Which provisions are workers most interested in?

Over half of workers, especially older generations, would like to learn more about the federal government’s plan to make matching contributions to their retirement accounts, according to a Charles Schwab study.

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November 19, 2024

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.

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Retirement

Top Retirement Stories

Gen X reports ‘lowest’ financial health, but they can ‘catch up’ on retirement savings in 2025

DOL ‘secretly’ shared pension plan info with plaintiff lawyers: House Committee

Student debt takes a toll on 401(k)s: Worker incentives that improve savings

Recommended Just For You

Retirement Stories

Should collective investment trusts be allowed in 403(b)s? The saga continues

Rhode Island, partnering with Connecticut, to launch auto-IRA program in 2025

'Employers aren’t responsible for my retirement,' say most (75%) employees

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

SECURE 2.0 awareness: Which provisions are workers most interested in?

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants