More than 90% of 401(k) plans now offer Roth contributions – but only 21% of workers take advantage

More than 90% of 401(k) plans now offer Roth contributions – but only 21% of workers take advantage


Key Points
  • About 93% of 401(k) plans offer a Roth savings option to workers, up from 62% a decade ago, according to the Plan Sponsor Council of America.
  • A law known as Secure 2.0 is expected to make Roth 401(k) accounts more prevalent.
  • Choosing between Roth and pretax savings is essentially a tax bet.



Source

UK finance watchdog teams up with Nvidia to let banks experiment with AI
Finance

UK finance watchdog teams up with Nvidia to let banks experiment with AI

Key Points The U.K.’s Financial Conduct Authority announced the Supercharged Sandbox, a partnership with Nvidia that aims to help banks safely experiment with AI. The initiative is designed for financial services firms in the “discovery and experiment phase” with AI, the FCA said. Banks have faced challenges shipping advanced new AI tools to their customers […]

Read More
China’s EV race to the bottom leaves a few possible winners
Finance

China’s EV race to the bottom leaves a few possible winners

Source

Read More
When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says
Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus