Personal Finance

Financial experts agree: Employer-sponsored 401(k) plans are one of the best retirement savings tools. Americans have $5.7 trillion invested in employer-sponsored 401(k) plans, according to the Investment Company Institute.

If you’re among the growing contingent of Americans who plan to continue to work after age 65, be sure to review your Medicare options before you do eventually decide to finally say farewell to your coworkers.

New reports show consumer spending is strong but businesses are pulling back. Will this affect the economic outlook? We speak with Mark Zandi, a Chief Economist at Moody’s Analytics, with his assessment.

More employers are offering another retirement plan that will let you grow your savings tax free. But are they right for you? Our Senior Personal Finance Correspondent, Sharon Epperson joins us on set and informs us what you need to know more about a Roth 401(k) plan.

People starting out their careers in expensive cities are used to sharing apartments. Now, they’re sharing rooms.

Only 8% of Americans think the government should do nothing to fix Social Security and that the program will stay “perfectly affordable.”

Here’s a look at what the leading candidates have previously said and done with regard to Social Security reform.

Ted Benna is best known as the ‘father of the 401(k).’ Our Bill Griffeth sat down and spoke with Benna on a range of topics from making 401(k) plans available to small businesses to designing a modern 401(k) plan for today’s economy.

Ted Benna is best known as the ‘father of the 401(k).’

About 40 years ago, he created a savings plan with employee pre-tax and employer matching contributions. Benna, a retirement benefits consultant at the time, based it off a provision in the Tax Revenue Act of 1978 — paragraph k of section 401.

Hiking the U.S. minimum wage to $15 per hour would give millions of Americans a raise but put a smaller share of people out of work, according to projections released Monday.

Where you live can have a big impact on whether you’re able to amass a security nest egg.

Experts generally recommend you have at least six months’ cash on hand in case you lose your job or have a medical or other emergency.

More than 70% of students surveyed don’t know that loans from the government are subsidized.

Facebook’s upcoming cryptocurrency Libra has some experts concerned about security issues. A possible bigger problem: out-of-control spending by consumers influenced by peer pressure.

If retirement legislation currently under consideration in Congress ends up becoming law, new options for your nest egg may show up in your 401(k) plan.