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Employers dig deeper for workers

Hiring woes continue to plague the state’s hospitality industry. That’s left many employers digging deeper into their own pockets to get through the height...

Ned Johnson, who made Fidelity a fund titan, dies at 91

NEW YORK (AP) – Edward "Ned" Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He...
MONEY CONCERNS: When Janet Tanury was forced to temporarily close her clothing boutique in the spring because of the COVID-19 pandemic, she stopped making contributions to her retirement account.  / PBN PHOTO/RUPERT WHITELEY

More people resorting to raiding their nest egg

Janet Tanury had been dutifully putting away money for retirement for years and was even considering doubling her contribution. Then, COVID-19 hit, shutting down Botticelli...

It’s best to ride the downs and ups

If you look at your phone or turn on the TV, it’s hard to miss that the stock market is on a journey worthy...
THE AVERAGE 401(k) balance in the U.S. rose 17% in 2019 to $112,300. / AP FILE PHOTO/RICHARD DREW

401(k)s hit records as workers sock away more, stocks jump

NEW YORK (AP) – How's your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like...

How to nudge workers to save more for retirement

For U.S. workers covered by 401(k) plans, every January offers a new opportunity to change how much they save for retirement. So this is...
James Worrell

Poor management sparks company retirement plan lawsuits

While today’s economy appears strong following years of a rising stock market and solid gains by bonds, economists’ predictions of a recession could lead...
READY TO AID: Gary Friedmann, left, vice president and portfolio manager for Rockland Trust Co., and Larry Wagner, Rockland Trust vice president and financial consultant, advise 401(k) participants to try to limit emotional decision-making when it comes to retirement savings. / PBN PHOTO/MIKE SKORSKI

Market volatility pushes average R.I. 401(k) slightly lower in Q3

At 36, Gianni Del Signore still has more than a few decades before he retires. But that doesn’t mean the chief financial officer for Newport-based...
ANOTHER OPTION: Manny Rezendes, an investment adviser representative with Euclid Financial Services, says more businesses, particularly small and midsized ones, are offering the Roth 401(k) in their retirement benefits ­packages. / PBN PHOTO/MICHAEL SALERNO

Roth 401(k)s gain popularity at small, midsized businesses

The 401(k), the stalwart of retirement accounts, has a younger sibling that’s starting to become more common in benefits menus in Rhode Island. For many...
STARTING EARLY: Nick Loring, left, principal of Loring Advisory Group in Smithfield, speaks with client service associate Mike Primiani. Loring says the amount of financial advice available online allows millennials to take retirement seriously even though it’s more than three decades away. / PBN PHOTO/MIKE SKORSKI

Many millennials taking steps to have fat nest egg in retirement

How do millennials stack up when it comes to retirement savings as opposed to members of Generation X? According to a recent national survey, millennials...
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