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Thursday, December 14, 2023

Retirement: Why your 401(k) is happy: Dow closed at record high after Fed meeting

The Dow Jones Industrial Average hit a record high Wednesday after the Federal Reserve said interest rates may go down in 2024.

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Retirement

Thu Dec 14 2023

 
A Christmas tree stands in front of the New York Stock Exchange (NYSE) in New York on December 1, 2023.

The Dow Jones Industrial Average hit a record high Wednesday after the Federal Reserve said interest rates may go down in 2024.

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Can't max out your 401(k) contributions? Do this instead.

Maxing out isn't feasible for everyone.

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Is the $4,555 max Social Security benefit just a fantasy?

It's possible to max out your Social Security retirement benefit. But it's not probable that you'll be able to do it.

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A person pulling eye glasses down with a skeptical expression.
 

Is the max Social Security benefit a fantasy for most Americans in 2023?

It's possible to max out your Social Security retirement benefit. But it's not probable that you'll be able to do it.

 

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