Payroll

Beginning in 2024, employers may allow plan participants to use a special emergency savings account. This “sidecar account” is capped at $2,500.

Expect some guidance from the IRS before the change takes effect. In the meantime, continue to take the old rules in account for retirement planning and tax purposes.

Those earning $100,000 annually are more likely to have a growing supplemental income, the survey found.

U.S. mortgage rates edged down to a six-week low of 6.45%, helping drive a fourth-straight advance in applications to buy a home.

U.S. consumer confidence unexpectedly improved in March as Americans grew more optimistic about the outlook for business conditions and the labor market.

Networking is an excellent way for seniors to connect with others and stay involved in the community. It can help them stay active, and learn new things.

Many firms that offer advisory services see a positive impact on relationships with clients, financial growth, and more. 

If an employer includes an automatic enrollment feature in its 401(k) plan, it may encourage greater participation among the rank-and-file, especially younger workers.