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Why the Average 401(k) Savings Rate is Reaching Record Highs

June 3, 2024
Here's who can claim a 'special tax credit' for retirement savings

### Unlocking the Secrets to Retirement Savings When it comes to planning for retirement, it’s crucial to have a clear understanding of how much you need to save. While the general rule of thumb is … Read more

Categories Personal Finance Tags 401k, Average, Highs, Rate, reaching, record, savings

Uncovering the Unseen Savings in Your 401(k)

May 24, 2024
Why you may be saving more in your 401(k) — and not even know it

Are you unknowingly saving more money for retirement? The rise of automation in company 401(k) plans may be the reason behind your increased savings without you even realizing it. Automatic escalation, or auto-escalation, is a … Read more

Categories Personal Finance Tags 401k, savings, Uncovering, Unseen

Debate among lawmakers on the potential impact of child savings accounts in reducing wealth inequality

May 21, 2024
Lawmakers debate if child savings accounts may reduce wealth inequality

At Extreme Investor Network, we understand the importance of personal finance and how it can impact the future of individuals, especially children. The unequal distribution of wealth in the U.S. can start affecting children from … Read more

Categories Personal Finance Tags accounts, among, Child, Debate, Impact, inequality, lawmakers, Potential, reducing, savings, Wealth

Maximize Your Summer Travel Savings with These Credit Card Hacks

May 17, 2024
How to effectively use credit cards for summer travel

At Extreme Investor Network, we understand the importance of managing your finances effectively, especially when it comes to planning for summer travel. As the days get longer and warmer, many people are eager to embark … Read more

Categories Personal Finance Tags card, credit, Hacks, Maximize, savings, summer, Travel

Ways to lower taxes on your savings interest in the current year

May 16, 2024
Here are ways to reduce taxes on your savings interest this year

At Extreme Investor Network, we are dedicated to helping individuals make the most of their cash allocations by exploring tax-friendly investment options. It’s important to assess how much cash you need on hand and whether … Read more

Categories Personal Finance Tags current, Interest, savings, Taxes, Ways, Year

In 2024, 529 college savings plans offer additional advantages

May 15, 2024
529 college savings plans have even more benefits in 2024

Welcome to Extreme Investor Network, where we provide valuable insights and expert advice on personal finance to help you achieve your financial goals. Today, we’re discussing the benefits of 529 college savings plans and why … Read more

Categories Personal Finance Tags additional, advantages, College, offer, plans, savings

IRS Increases Health Savings Account Contribution Limits for 2025

May 9, 2024
IRS boosts health savings account contribution limits for 2025

As experts in personal finance, we at Extreme Investor Network are always on the lookout for the latest updates that can help you make the most of your money. Recently, the IRS announced the 2025 … Read more

Categories Personal Finance Tags Account, contribution, health, Increases, IRS, Limits, savings

One-fifth of Americans aged 50 and older lack retirement savings, with most concerned about financial security

April 27, 2024
A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money

Are you worried about having enough money for retirement? You’re not alone. According to a recent survey by AARP, many Americans aged 50 and above are not feeling confident about their financial situation as they … Read more

Categories Finance Tags aged, Americans, Concerned, financial, lack, older, Onefifth, retirement, savings, Security

Labor Department to enforce stricter regulations on retirement savings advice

April 23, 2024
Labor Department cracks down on bad retirement savings advice

Protecting Your Retirement Savings: Understanding the New Fiduciary Rule As experts in personal finance, we understand the importance of protecting your hard-earned retirement savings. That’s why we’re excited to share with you the latest information … Read more

Categories Personal Finance Tags advice, Department, enforce, Labor, Regulations, retirement, savings, stricter

Retirees on the brink of exhausting savings turning to Social Security for support

April 20, 2024
A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat

**Are You Ready for the Peak Boomer Retirement Wave?** As the youngest baby boomers start to turn 65 this year, many of them are facing financial uncertainty as they approach retirement. Over 30 million of … Read more

Categories Finance Tags Brink, exhausting, Retirees, savings, Security, Social, support, Turning
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