Key Takeaways The typical employee contribution rate falls between about 8% and 10%, depending on the data source.When ...

“A 401(k) is a workplace savings plan that has tax advantages as an incentive to invest for retirement,” noted the financial firm Fidelity Investments. It allows you to save in a tax-deferred account.

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan specifically designed for self-employed individuals and small businesses with 100 employees or fewer. It's a more ...

Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...

The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as the $7,000 ...

Thousands of Hoosiers may have forgotten they have retirement benefits earned through public service. However, finding a forgotten retirement account hasn’t always been easy.

(NewsNation) — The Internal Revenue Service announced the amount you can contribute to your 401(k) plans this year will increase to $23,500. The annual contribution limit for those who participate in ...