The cost of living crisis is weighing on employees. And as companies roll out more unique benefit offerings designed to support staffers, they should spend some time thinking about the financial benefits that workers actually want. Two out of three U.S. employees ranked financial wellbeing as the top area within wellbeing overall in which they
As of 2024, there are over 20,000 cryptocurrencies available, but Bitcoin is still the industry leader with its market capitalization—the total value of its tokens—of nearing $1.3 trillion. Although cryptocurrency is relatively new, more established tokens like Bitcoin can be appealing. In fact, a Pew Research Center poll found that 17% of U.S. adults
Millions of Americans are at risk of losing their Social Security benefits as student debt follows them into their golden years. According to a report from the New School Schwartz Center for Economic Policy Analysis, roughly 2.2 million Americans over the age of 55 have outstanding student loans. And if your loans fall into default,
Student loan borrowers stressed over choosing between paring down student loan debt and saving for retirement just got some relief. If you work for an employer that offers a 401(k), 403(b) or similar workplace plan, there’s a new option rolling out this year that can help you save for retirement and pay off student loans
Contract workers often struggle to save for retirement. And there are droves of them — now making up more than 1 in 10 US workers, according to research from MIT Sloan professor Paul Osterman. The number of independent or gig workers has nearly doubled since 2020, according to data from MBO Partners, a platform for
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
It’s all about the taxes. That’s the key concept for retirement savers specifically because IRAs and 401(k)s are only tax-deferred — not tax-free. “These funds have not yet been taxed, so you need a plan to minimize these taxes [so you] can keep more of your hard-earned retirement money,” Ed Slott, a certified public accountant
fizkes / iStock.com Retirement — is it a destination that’s just on the horizon, or does it feel like it’s decades away? Either way, it’s important to make sure that you have enough savings in place, some passive income and a few other financial matters in order before you clock out of work for good.
JOHN RUEDI It’s almost impossible to watch the TV and not see a celebrity discussing the many benefits of reverse mortgages and what they provide for older Americans. Reverse mortgages can be a useful financial tool for some homeowners, particularly those age 62 and older who want to access the equity in their homes without