The tennis player Mackenzie McDonald has earned well up to this point, but high expenses and a short career timeline have prompted him, and others, to search for a backup plan.
Category: Pensions and Retirement Plans
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For Many Pro Athletes, Post-Career Financial Worries Loom Large
The New York Times – Business: -
Ignoring the War Has Been Working for Long-Term Investors
The New York Times – Business:The U.S. stock market’s quick rebound this month may be fragile, but riding out the market’s disconcerting waves has been a sound strategy.
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More Americans Taking 401(k) Hardship Withdrawals
The New York Times – Business:More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
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Why Employers May Be Wary of Adding Crypto or Private Equity to 401(k)s
The New York Times – Business:A proposed federal rule aims to clear the way for retirement savings plans to include alternative assets. But it may not be enough to protect employers from lawsuits.
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Check Your Target-Date Fund, Especially if You Plan to Retire Soon
The New York Times – Business:Their simplicity makes the funds appealing, but they could leave many workers near retirement, particularly baby boomers, short on savings.
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New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
The New York Times – Business:Investors are concerned about the health of the industry, which ballooned over the past decade.
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The Tax Bill Haunting Your 401(k) and I.R.A.
The New York Times – Business:Most people have piled their savings into tax-deferred accounts, delaying taxes until they retire. Using Roth options can help ease your tax bite.
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4 Ways to Enjoy Your Savings in Retirement Without Going Broke
The New York Times – Business:Once paychecks stop, it can be frightening to shift out of the savings habit. But there are strategies to enjoy your nest egg and make it last.
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How Strong Is Your Financial Knowledge? Take Our Quiz.
Test your knowledge of credit cards, buying a home, saving for college or retirement and other things that affect your wallet.
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What to Know About New Rules for 401(k) ‘Catch-Up’ Contributions in 2026
Older high-income workers who make contributions beyond the standard amount will have to put that extra money into a Roth 401(k). That may lower their take-home pay.
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He Wants New Yorkers to Have a Stake in the Knicks and the Rangers
Adem Bunkeddeko, a state comptroller candidate, wants to use some of New York’s $290 billion pension fund to buy a percentage of Madison Square Garden Sports.