individual retirement account – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Just 29% of U.S. workers saving enough for retirement: survey https://www.benefitscanada.com/pensions/retirement/just-29-of-u-s-workers-saving-enough-for-retirement-survey/ Fri, 08 Jul 2022 19:00:53 +0000 https://www.benefitscanada.com/?p=124032 Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit organization Transamerica Center for Retirement Studies. The survey, which polled 5,800 workers, found 47 per cent of respondents expect to retire after age 65 or don’t plan to retire at […]

The post Just 29% of U.S. workers saving enough for retirement: survey appeared first on Benefits Canada.com.

]]> 401(k)s hit records as workers sock away more, stocks jump https://www.benefitscanada.com/canadian-investment-review/cir-news/401ks-hit-records-as-workers-sock-away-more-stocks-jump/ https://www.benefitscanada.com/canadian-investment-review/cir-news/401ks-hit-records-as-workers-sock-away-more-stocks-jump/#respond Fri, 14 Feb 2020 03:58:59 +0000 https://cumulus.benefitscanada.com/uncategorized/401ks-hit-records-as-workers-sock-away-more-stocks-jump/ The average 401(k) balance rose 17 per cent last year to $112,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to $115,400. Those figures are averages, not medians, and the typical 401(k) might be closer […]

The post 401(k)s hit records as workers sock away more, stocks jump appeared first on Benefits Canada.com.

]]> https://www.benefitscanada.com/canadian-investment-review/cir-news/401ks-hit-records-as-workers-sock-away-more-stocks-jump/feed/ 0