One of the biggest decisions anyone has to make for retirement is where to invest money. If you ask 10 different financial advisors, there is a 100% chance you’ll get 10 different answers. This is ...

How to turbocharge your 401(k) in your early 60s ...

A new survey from TIAA points to a rising tide in demand for lifetime income products within DC plans, though a lack of understanding among employers could slow the wave. The survey, conducted by ...

There’s a window of opportunity for financial advisors to build business: They can use annuities available in 401k plans to help workers with their post-retirement income. The Pension Protection Act ...

Fewer asset managers see annuities as a must-have in defined contribution retirement plans, according to a new report from Cerulli Associates. In 2024, roughly 1 in 3 asset managers (37%) believed ...

Employers are more inclined to offer annuities in their retirement plans, according to TIAA-CREF’s inaugural survey of defined contribution plan sponsors released Dec. 11. More than 3 in 4 sponsors ...

The IRS charges an excess accumulation penalty if a retirement account owner or beneficiary does not withdraw the required minimum distribution (RMD) for the year.

Are you employed by an educational institution, church, or nonprofit? If so, there’s a retirement savings program authorized by section 403(b) of the Internal Revenue Code that allows eligible ...

Key Takeaways For people between the ages of 25 and 34, the average retirement account balance is $42,640 and the median is $16,255.For those between the ages of 35 and 44, the average balance is $103 ...

Anyone choosing a 401(k) must do so knowing the volatility risks of the market. Going with an annuity means guaranteed income after retirement. Both annuities and 401(k) accounts have pros and cons.