It was one of the few policy proposals in Trump’s record-breaking, 108-minute State of the Union speech. It was also signed into law by his predecessor four years ago.

The saver's match is worth 50% of qualifying retirement account contributions of up to $2,000 per individual. Taxpayers who file as individuals could get up to $1,000 from the federal government. Married couples who file jointly can qualify for up to $2,000 if they make qualifying contributions to an IRA or workplace retirement account.

President Donald Trump, in his State of the Union address Tuesday night, suggested a major new retirement benefit for tens of millions of American workers, embracing an economic policy that

As Dave Ramsey’s daughter, Rachel Cruze knows a thing or two about money. So when she saw the amount of funds boomers have stashed in their 401(k)s, she was “shocked” (1). The startling stat? At the end of 2024,

To bridge the gap between what it's receiving in income and what it has to pay out in benefits, the Social Security Administration has been dipping into its two trust funds. This has ensured that beneficiaries continue to receive their full payments, despite the program running at a deficit.

My dad died young at 56 and never got to retire. The lessons he taught me changed my views on retirement and how I'm planning for my financial future.

Americans in their 40s and 50s are in peak earning years, making this a pivotal time to build—or shore up—retirement savings. Competing priorities, from education costs to caregiving, often collide with long-term retirement saving goals during this stage of life.

Key Takeaways Starting a 401(k) early gives compound interest more time to grow your savings.Employer matching is essentially free money that accelerates long-term returns.To choose between a traditional 401(k) and a Roth 401(k),