“401(k)s are one of the most prominent ways to save for retirement,” says Sarah Darr, head of financial planning at U.S. Bank ...

Bank of America Corp. defended how it handles forfeited money in its 401(k) plan, saying a recent lawsuit challenging its ...

(See more on this below.) The 401(k) traces its roots back to the Revenue Act of 1978, enacted by the U.S. Congress. This act changed the Internal Revenue Code, with section 401 enabling elective ...

For workers age 50 and older, the catch-up contribution is $7,500, unchanged from 2024. That means older workers may ...

"US Department of Labor announces start of information collection to build ‘lost’ retirement savings online search tool." Capitalize. "The True Cost of Forgotten 401(k) Accounts (2023)." ...

Average 401(k) balance by age Average 401(k ... head of financial planning at U.S. Bank Wealth Management. Take advantage of catch-up provisions. For 2024, workers under 50 may save up to $ ...

If you have a 401(k) account through your employer, one option you may have available is taking out a 401(k) hardship loan or using a 401(k) hardship withdrawal to help fund some of those expenses.

Since 401(k) dollars are typically invested in stocks ... amount will be,” said Nicole Birkett-Brunkhorst, formerly of U.S. Bank Private Wealth Management and now a senior wealth adviser ...