Members of the military face financial challenges most people don’t experience. They have to move frequently—sometimes on short notice—and may have to deploy to combat zones for months or years. But they also have access to valuable benefits and investing options not available to the general public, ...
A 529 Day Primer: Do You Know What State Your College Savings Plans Are In? (Article)
Named for the section of the tax code that provides for their favorable tax treatment, 529 savings plans have become an increasingly popular way to save for college. Assets held in these accounts have grown significantly, from $8.6 billion at the end of 2001 to $251.4 billion at the end of ...
Three Reasons Why You Should Consider an IRA (Article)
Today, Americans are increasingly using IRAs to grow and maintain their savings for retirement. As of 2015, more than 40 million U.S. households reported that they owned IRAs, according to “The Role of IRAs in U.S. Households’ Saving for Retirement, 2015.” Other research from ICI shows that ...
Getting Started in a 401(k) Plan—and Getting the Most Out of It (Article)
Getting started in your employer’s retirement plan is a crucial step toward retirement readiness—but it’s also important to make sure that you’re taking full advantage of the benefits it offers. Sarah Holden, ICI senior director of retirement and investor research, offers three key ways that workers ...
Make the most of your 401(k) (Video)
Putting your 401(k) plan through a “checkup” may help you maximize savings and take full advantage of your compensation package. In the November 17, 2017, edition of Focus on Funds, ICI Senior Director of Retirement and Investor Research Sarah Holden explains what to do. ...