The Disappearing Act of Pension Plans: Unraveling the Mystery
In today’s job market, finding a job with a pension plan is akin to discovering a rare gem. Once a standard perk, pensions have become a rarity, relegated to the…
IRS Raises 401(k) Contribution Limits for 2024, Emphasizes Catch-Up Benefits
The Internal Revenue Service (IRS) has recently announced an increase in the contribution limits for 401(k) plans in 2024, along with minor adjustments to catch-up contributions. This move is aimed…
Great Recession’s Impact on Baby Boomers’ Retirement Savings Revealed
A recent study by the Center for Retirement Research (CRR) at Boston College sheds light on how the Great Recession significantly affected the retirement savings of the youngest Baby Boomers,…
Harrisburg, Pennsylvania Tops “2024 Best Places to Retire” List
In a newly released “2024 Best Places to Retire” report by U.S. News & World Report, Harrisburg, Pennsylvania, secured the top spot, reaffirming the state’s appeal for retirees. The capital…
Navigating the Risks of 401(k) Loans: Insights and Alternatives
A recent study conducted by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) reveals that taking out a 401(k) loan can offer immediate relief for pressing…