Tag: Retirement Savings
Retirement savings: When every dollar counts
Do you know how much you are paying for your 401(k) or 403(b) plan and investments? Paying too much in fees, even just 1%...
Fidelity: Average 401(k) balances fell 23% in 2022
BOSTON – 2022 was a rough year for retirement savers, with average 401(k) balances down 23% compared with a year prior, according to a...
Fidelity: Retirement account balances, contributions reach record levels in 2021
PROVIDENCE – Workers are leaving their jobs in droves, but they are not abandoning a commitment to boosting retirement savings, according to new research...
Owners tap into savings to withstand pandemic
NEW YORK – When the coronavirus outbreak forced cruise lines to cancel trips to Alaska, it wiped out Midgi Moore’s tour business, leaving her...
Fidelity: Retirement savings balances see Q2 growth despite economic downturn
PROVIDENCE – Despite the economic downturn ushered in by the new coronavirus, workers continued to grow their retirement savings accounts in the second quarter,...
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...
Report: New Englanders, millennials well-positioned for retirement
PROVIDENCE – Americans are increasingly improving their retirement savings, particularly those in the New England region, according to a new report from Fidelity Investments...
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...
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...
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...