More than half of Canadians indicate they are behind on retirement savings, according to a recent survey commissioned by tax preparation firm H&R Block Canada. The survey, published on April 3, found that 52 percent of Canadians are unprepared for retirement as they don’t feel they have enough money left at the end of the…

According to a new assessment by Fidelity Investments, more than half of American households would fall short of what it takes to cover their basic expenses in retirement. Fidelity Investments released its 2023 Retirement Savings Assessment (pdf) on Tuesday, in which the firm surveyed more than 3,500 people, finding just 48 percent of U.S. households…

Nearly 90 percent of American seniors believe the United States is facing a retirement savings crisis, according to a recent survey. The American Advisors Group’s (AAG) found that 89 percent of seniors said they were worried that the United States is in the grip of a retirement savings crisis. AAG surveyed more than 1,500 seniors…

The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…

News Analysis The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov….

Sen. Mike Braun (R-Ind.), along with other GOP senators, leads a press conference at 2:00 p.m. ET on March 1, to repeal a Biden administration regulation that would jeopardize Americans’ retirement savings accounts. …

Sen. Mike Braun (R-Ind.), along with other GOP senators, leads a press conference at 2:00 p.m. ET on March 1, to repeal a Biden administration regulation that would jeopardize Americans’ retirement savings accounts. …

Commentary When a million people protest on the streets of Paris and most major French cities, you know there is a serious problem in French society. The protests, which had been going on for four days, culminated on Feb. 11 in Paris, where reportedly half a million people participated. The vitriol directed at the president…

Last year, a higher proportion of Americans with 401(k) accounts carried out hardship withdrawals—emergency removal of funds from a retirement plan—as many people financially struggled under decades-high inflation rates. “A record 2.8 percent of the 5 million people in 401(k) plans run by Vanguard tapped their retirement savings in 2022 to cope with hardships such…

The Secure 2.0 Act of 2022, a bipartisan retirement savings law, was signed into law by President Biden on December 23, 2022. As part of Secure 2.0, workplace savings plans will be expanded, retirement account contributions will be rewarded, and retirement tax incentives will be reshaped. As a result, retirement savings accounts will undergo numerous…