Tag: IRAs
Older high-income households with a 401(k) gained; everybody else lost. The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 – three years of COVID and economic disruption, and 2022 was also a terrible year in terms of stock and bond returns. At the same time, t…
Engaging Retirement Clearinghouse should markedly reduce leakages and increase saving. Rejoice! Vanguard has hired Retirement Clearinghouse LLC to automatically transfer small balances from one 401(k) plan to another. This is a win for Vanguard and its customers, for Retirement Clearinghouse, which has been working on this project for many years, and for the retirement system…
