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Thu Sep 12 2024
Perhaps you participate in a 401(k) retirement plan or own an IRA. These popular accounts weren't around before a key law was enacted 50 years ago.
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Social Security's 2025 COLA estimate fell with inflation, but seniors are struggling. More seniors fell into poverty again last year, data show.
When saving for retirement, you need to mix it up with different types of accounts or risk losing a significant amount to taxes, advisers say.
At a time when their income is fixed but medical costs may be rising, older Americans are typically looking to cut expenses.
Making early withdrawals from 401(k) accounts is possible, but don't rush off to make a request just yet.
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