-
Here's How Much Americans Have in Their 401(K)S at Every Age
Americans’ average 401(k) balances grew in the first quarter of 2023, per Fidelity’s latest report. Here’s how much they have saved by generation.
-
Millionaire Who Retired at 35: These Are the 3 ‘Stupidest Lies' I've Heard About Early Retirement
Steve Adcock retired in 2016 at age 35. In the years since, he says he’s heard every myth about the pitfalls of early retirement. These are the most common.
-
The Best States to Retire Based on Quality of Life — Texas Isn't in the Top 10
When planning for retirement, a lot of the focus is on finances. But where you retire and the quality of life you will have there are just as important.
-
These Are the Best—and Worst—U.S. States for Retirees Based on Health Care, Wellness, Safety and More
A recent list of the best states to retire in explores not just affordability, but also health care and wellness. Here’s which states made the top 10.
-
The 10 Best States to Retire in—and Florida Isn't No. 1
Florida no longer ranks as the best state to retire in and a new location has taken the top spot, according to WalletHub’s latest study. Check out the top 10.
-
NBC 5 Responds When Woman Has 401(k) Withdrawal Troubles
Changing jobs can put a strain on finances so some people withdraw retirement funds to get by until their next pay day. NBC 5 Responds helped when a McKinney woman’s withdrawal request took months instead of days.
-
France Wants to Raise the Retirement Age by 2 Years and Workers Are Furious
Hundreds of thousands of people filled the streets of France Thursday for the 11th day of nationwide resistance to a government proposal to raise the retirement age from 62 to 64.
-
A 67-Year-Old American Shares What Retirement Is ‘Really' Like—With ‘No Work and All That Free Time'
In 2006, 67-year-old Janet Blaser left the U.S. for Mazatlán, Mexico and retired by the beach. While retirement may sound like a dream, she says there were many downsides. Here’s how she overcame them, and now lives a happy life in her $420-per-month rental apartment.
-
The 10 Most Expensive U.S. States to Retire in — Texas Didn't Make the List
In addition to being home to the most expensive city to live in worldwide, New York is the least affordable U.S. state to retire in. Where does Texas fall on the list?
-
The Last Chance for Some Retirees to Avoid a 25% Tax Penalty Is April 1
If you turned 72 in 2022, the last chance for your first mandatory retirement plan withdrawal is April 1 — or you may face a hefty tax penalty. Here’s how to avoid it.
-
Here's How After-Tax 401(K) Contributions Can Help With Those Big Retirement Savings Goals for 2023
If you’re planning to max out your 401(k) plan for 2023 and want to save more, you may consider after-tax 401(k) contributions. Here’s what you need to know.
-
How Much to Save Monthly to Earn $30K Per Year in Interest for Retirement
While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later.
-
75% of Retirees Fall Short of a Key Retirement Income Goal. These Steps Can Help
The moves you make now can help make your lifestyle more comfortable in retirement later.
-
New Retirement Account Rules Make It Easier to Tap Savings Early for Emergencies
The $1.7 trillion bill to fund the federal government through next September has measures related to tapping retirement savings for financial hardships.
-
Argyle Fire Chief Suspended Without Pay Following Arrest by FBI
The embattled chief of the Argyle Fire Department was suspended without pay Monday following his arrest on charges he stole firefighters’ retirement money and spent it at casinos, restaurants and personal credit cards.
-
54% of Adults Report Stopped or Reduced Retirement Contributions Due to Inflation
Inflation has caused 54% of adults to either reduce or stop their contributions, according to a new report from Allianz Life.
-
Here's How Much Per Month Social Security Recipients Will Get in 2023
Retirees will see a major increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
-
Social Security Recipients Get 8.7% More in 2023
The cost-of-living adjustment means the average recipient will receive more than $140 extra a month beginning in January.
-
Thinking About Retiring Early? What You Should Know
Have you ever thought about quitting your job permanently and retiring early? Well, you’re not alone. Throughout the pandemic, many people have been thinking about substituting their careers for something that will make them happier in life. LX News Storyteller Eric Rodriguez explores early retirement and things to consider before doing so.
-
‘Super Savers' Are Setting Aside 50% of Their Income to Retire Early
Cutting back on the three major expenses — housing, transportation and food — is key for “Super Savers,” who are saving at least half their income in an attempt to retire early. Insider senior investing reporter Kathleen Elkins interviewed several Super Savers, and joins LX News to discuss the frugal group.