401(k) Contributions
How would the Retirement Benefit Account (RBA) hurt retirement savings?
IBM announced they will replace their 401(k)-matching program with a new Retirement Benefit Account (RBA) starting January 1st. Their statement said: “Each employee who’s served at least a year will receive a “monthly account credit” up to the IRS limits…
Changes to your retirement savings
For those individuals saving for retirement in 2024, you received some good news from the IRS last week. The IRS announced the 2024 contribution limit increases of $500 for 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings…
How to prioritize in a shaky economy
During times of economic uncertainty, should you max out your 401(k) contribution or build your emergency fund? Experts are saying you should not forgo emergency savings. According to a recent study by Fidelity Investments, more than half of savers are…