We see this happen slightly in the median 401(k) balance column when going from the 55-to-64 age group ($95,642 median balance) to the 65+ age group ($95,425 median balance).

Here’s some good news for workers who are using a 401(k) plan to save for retirement: You can stuff more in your account next year than you can this year. That’s because the cap on how much ...

Explore examples and press release best practices! For Journalists-Schwab 401(k) Study: Employers Step Up to Help Workers Manage Financial Stress ...

The average Self-Directed Brokerage Account (SDBA) 401(k) balance at Charles Schwab finished the fourth quarter of 2024 at $352,605, up by 13.6% since 2023, ...

Average 401(k) balances fell by 3% from late 2024 through early 2025, to an average value of $127,100, Fidelity reports. The decline came during a span of market volatility as President Trump took ...

I have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at Schwab say it can be rolled over to a Roth IRA without paying any taxes. I think they are wrong as I ...

The average self-directed brokerage account within workplace 401(k)s finished at $335,857, down 4.7% from Q4 in 2024, according to Charles Schwab’s SDBA Indicators Report.

401(k) loans are an alternative to withdrawing early. You can take out a loan from the account without having to pay taxes or fees. The interest you pay goes back into the account.

We had a good, set-it-and-forget-it kind of a year in 2024. At the end of last year, retirement savers saw average 401(k) balances go up 11% from the start of the year, according to Fidelity's data.

This year's cap on 401(k) contributions, however, is a much higher $23,500 of your salary, plus an additional $7,500 for the 50-and-up crowd (though some people between the ages of 60 and 63 are ...

If low fees are your top priority, Charles Schwab’s Solo 401(k) is Investopedia’s top pick. There are no setup or recurring fees, plus you get commission-free trades on stocks, ETFs, and ...

No employer? No problem. Here’s how to open a 401(k) or similar retirement plan when you're self-employed or your job doesn’t offer one.