Investment Instruments

The IRS announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains unchanged.

Only 58% of plan sponsors believe participants are on track with their retirement savings, which is why most (82%) advisors are recommending a retirement income solution to DC clients, according to a Blackrock survey.

More than half (59%) of 401(k) participants wish they received more guidance from their employer on how to invest their workplace retirement plan assets, according to a new Schroders survey.

Six in 10 retirees and pre-retirees are willing to spend $100 or more for a comprehensive analysis of their financial situation, according to LIMRA.

There's a gap between what the youngest members of the workforce are seeking and what managers and HR professionals think they want.

Managed Lifetime Income blends a managed payout from T. Rowe Price for the first 15 years with a qualifying longevity annuity contract from Pacific Life for the remaining balance.

National Savings Day is the perfect opportunity for employers to host financial workshops, remind employees about student loan assistance options and provide personalized savings projections during October, says GoBankingRates.

While the Democratic candidate withdrew $135,000, the average amount people withdrew from their retirement accounts was $15,000 – and less than half (43%) have paid it back, according to a FinanceBuzz survey.