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

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.

Wealthy retirees often diversify beyond traditional retirement accounts by building passive income streams. This might include dividends, rental income, royalties, or income from small businesses that continue to generate cash flow without constant involvement.

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.

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.