Retirement

Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.

While 4 out of 5 working Americans say their financial situation is causing them anxiety, they want personal finance advice on side hustles, investing, budgeting and debt management to improve their situation, says a new survey.

The stimulus checks landed automatically in beneficiaries' mailboxes or bank accounts in 2020 and 2021, but now, the SSA has been sending notices in an attempt to claw back $21.6 billion in "overpayments."

According to a Plan Sponsor Council of America (PSCA) survey, half said that they promote HSAs as part of a retirement savings strategy to employees.

The recent cyberattack that compromised data at more than 600 organizations worldwide highlights the need for plan sponsors to become cybersecurity specialists to protect employee data and assets (or lean on expert advice).

Investors may want to consider replacing a portion of their core bond portfolio with a fixed-income annuity or qualified default investment alternatives, like target date funds, balanced funds and managed accounts, says Nuveen.