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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Ignoring the War Has Been Working for Long-Term Investors
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
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
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
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
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.
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
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.