Out-of-plan emergency savings accounts: The real key to retirement security?
“This trend underscores a crucial gap in financial wellness strategies – the absence of accessible emergency savings,” said Sid Pailla, CEO, Sunny Day Fund. “Despite SECURE Act 2.0′s in-plan PLESA provisions, plan sponsors overwhelmingly prefer out-of-plan Emergency Savings Accounts (ESAs) for their flexibility, ERISA independence, and alignment with holistic financial health practices.”
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Read MoreThe cost of switching jobs: A $300,000 loss in retirement savings
While pensions required workers to stay in one job for decades to benefit, 401(k) plans were meant to solve this challenge. However, there is mounting evidence that 401(k) plan design improvements over the past few decades have made it easier for American workers to save and invest for retirement, but more can be done to ensure a smoother journey throughout a career,
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Read MoreWarren Buffett Continues Trimming Bank Of America Position, No Longer Needs To Report Sales
Warren Buffett has continued his streak of selling off portions of Berkshire Hathaway‘s BRK BRK largest positions; the latest victim is Bank of America Corp BAC.
What Happened: Bank of America is Berkshire Hathaway’s third-largest holding.
Tesla stock plunge is an 'overreaction': Investor
CEO Elon Musk unveiled Tesla’s (TSLA) new humanoid robot, “Optimus,” at the company’s robotaxi event on Thursday. These robots are designed to perform various tasks, from serving drinks to babysitting children. To discuss why Tesla’s stock is declining following this reveal, Hamilton Capital Partners chief investment officer Alonso Munoz joins Catalysts.
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Read MoreStock Market Today: Markets March Higher as Strong Earnings Offset Weakness in Chips
Strong quarterly earnings reports from bellwether names in the financial and transportation sectors helped offset continued weakness in chip stocks to send markets higher on Wednesday. Energy retreated on sliding oil prices, while small-cap stocks caught a bid.
Markets rebounded from the previous session’s drawdown despite continued pressure on most semiconductor stocks.
Read MoreThe Burst
The Ivy
Is This South Korean Tech Stock Ready To Soar?
Companies often struggle during the year after their IPOs. Investors have limited information when they buy shares early. If the company can’t manage expectations and post numbers that attract more investors, shares lose value.
Not surprisingly, the South Korean company Coupang (NYSE:CPNG) has experienced this type of slip since it started selling shares publicly on March 12,
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