In each case, the individual is 30 years old, hasn’t started to save for retirement, and earns $80,000 a year. The salary level might seem high, but it is actually close to the average pay for a ...

403(b) plans and pension plans are two specific types of retirement plans. A 403(b) plan, sometimes known as a tax-sheltered annuity (TSA) plan, is a retirement plan offered by public schools and ...

The IRS on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500, up from $23,000 in 2024. The Internal Revenue Service detailed the ...

Several state legislatures took steps in 2024 to enhance funding for public pension systems by adopting strategies to increase annual employer contributions to their retirement systems, manage how ...