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For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
According to a UAW leader, GM and the union expect to have details and dates this month for the first phase of a special retirement program. Letter indicates GM and UAW closing in on dates for ...
The tally of 401(k) millionaires reached 544,000 in the third quarter of 2024, up from 497,000 three months earlier, according to Fidelity Investments, a leading administrator of employer ...
There were 497,000 millionaire retirement savers in Fidelity 401(k) plans at the end of the second quarter, up from 485,000 at the end of March — a 2.5% increase. ... Roughly 1 in 6 workers are ...
Financial services giant Fidelity has a rule for retirement savings you may have heard of: Have 10 times your annual salary saved for retirement by age 67. This oft-cited guideline can help you ...
The small role that IRAs and 401(k)s play in retirement income can lead to financial struggles for many older Americans. According to the National Council on Aging, nearly 45% of people aged 60 ...
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
Saving for retirement isn't easy, but the right steps can help you beat the average 401(k) balance. With time and patience, you can ensure you're as prepared as possible for retirement.