What Is the Size of the Average Retirement Nest Egg?

What is the size of the average retirement nest egg? A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in corporate-sponsored 401(k) plans at the end of 2018 was $95,600. As you might expect, young workers tend to have less money saved for retirement than older workers do, in part because their salaries are usually lower and they haven't had as many years to contribute to their retirement accounts.

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  You Can Borrow From Your 401(k) With No Penalty ― But Should You?

  HuffPost Life
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  Find out how much tax you'll pay on a Roth IRA conversion.

  Investopedia

What's the Average 401(k) Balance by Age?

It can be hard to determine how much you'll need, exactly, for your own post-career days, but finding out how others are planning—or not—can offer a benchmark for setting goals and milestones. k) Plan Balances by Generation The good news is that Americans have been making an effort to save more. According to Fidelity Investments, the financial services firm/brokerage that administers more than $7.4 trillion in assets, the average 401(k) plan balance reached $106,000 in the second quarter of 2019—a 2% increase from $104,000 in Q2 2018.

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  Find out how much tax you'll pay on a Roth IRA conversion.

  Investopedia
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  What Is the Size of the Average Retirement Nest Egg?

  Investopedia

ETF Of The Week: Riding Crude's Rise

It is a question we have gotten a lot over the years, and the truth is, for any given hard asset, there are compelling reasons to use either futures- or equities-based ETFs, depending on what you are trying to do (read: "Live Chat: ETF Tactical Tools & Finding Growth"). After last weekend's attack on Saudi Arabia oil reserves, in which drones knocked out 5% of the world's oil supply in one go, crude oil prices have skyrocketed.

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  The drone attacks in Saudi Arabia have changed the nature of global warfare

  The Independent
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  Hezbollah tells Saudi Arabia to stop Yemen war

  Associated Press

How IBM Is Investing in Human Capital

Ginni Rometty, International Business Machines Corp. chair, president and chief executive officer, discusses investing in people and developing their skills amid the rise of new technologies that may replace many jobs. She speaks with Bloomberg's Caroline Hyde on "Bloomberg Markets: The Close."

GM can’t afford to give those striking workers what they want

In the not-quite-a-week that General Motors workers have been striking, seeking better wages for less-tenured workers and trying to hang on to their unusually sweet deal on health insurance, there has been the usual choosing of sides. On Twitter, Rep. Alexandria Ocasio-Cortez has slammed GM (GM)  as greedy during a time of what she called record profits, specifically after the auto maker said it would suspend payments for strikers' health insurance. In the New York Post, conservative economist Steve Malanga sided with the company, incongruously citing 10-year-old earnings reports that have little apparent connection to today's GM.

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  Strike is latest worry in Flint, GM’s birthplace

  Associated Press Videos
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  GM electric car push could mean fewer and lower paying jobs

  Associated Press

5 Small Cap Stocks That Could Soar 200%

Because of this, you won't find many low-risk stocks with multi-bagger potential. Instead, all the stocks with multi-bagger potential are often also accompanied with big risks. Don't have the time to do all that analysis across hundreds of small cap stocks?

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  Why Small Cap ETFs Are Rising

  Zacks
• How To Find Small Caps That Actually Make Money

  Benzinga

Retirement: What Happens If a Spouse Dies?

When thinking about retirement funds, you're probably most worried about having enough money to live comfortably. "Retirement accounts with ill-conceived beneficiary designations could potentially cost your family tens of thousands or even hundreds of thousands of dollars if done wrong," said Dan Stewart, CFA®, president, Revere Asset Management, Inc., Dallas, Texas. "Correct beneficiary designations are crucial for retirement plans, and there are a lot of pitfalls and mines to avoid when naming both the primary(s) and contingent beneficiary(s).

Why Costco won't be handing out $10 billion to investors as many have speculated

The Costco special dividend and the Lochness Monster have one thing in common: They have both been heavily speculated about, but never seen in person. As for those who can care less about the Lochness Monster's whereabouts and more on Costco (COST), chatter about the long sought after special dividend from the cash rich retailer may need to finally be put to bed. Talk of a special dividend on Wall Street from Costco has finally died down in large part because of its potential $10 billion price tag, says Guggenheim Securities analyst John Heinbockel.

9 Signs You Are Not Financially OK to Retire

What it really takes to retire is a solid grasp of your budget, a carefully considered investment and spending plan for your life savings, debt that's under control, and a plan you're excited about for how you'll spend your days. With that in mind, here are 10 signs you might not be ready to retire yet. Struggling to Pay Current Bills It goes without saying that if you're struggling to pay your bills with a paycheck from work, retiring won't make things easier.

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  How Many Americans Are Prepared for Retirement — Or Don't Care

  GOBankingRates
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  Facing a retirement shortfall, more Americans are retiring abroad

  CBS News Videos

‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust

A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a Friday press release. The bank blamed the losses on a 'rogue trader' who allegedly manipulated the subsidiary's risk-management system, allowing him to place massive derivatives bets on the price of oil and disguise them as hedges similar to what JPMorgan did with the whole London Whale debacle. The trader had been taking unauthorized derivatives positions since January, but he suffered heavy losses over the summer as oil prices fell.

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  Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit

  Bloomberg
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  Mitsubishi says Singapore-based oil trader lost $320 million in unauthorized trades

  Reuters

Merkel Coalition Reaches Landmark Plan to Cut Greenhouse Gases

German Chancellor Angela Merkel's ruling coalition came to an agreement on a comprehensive package aimed at cutting greenhouse gases. Bloomberg's Matt Miller reports on "Bloomberg Surveillance."

India cuts corporate taxes to boost manufacturing and revive growth

India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside. Prime Minister Narendra Modi, under pressure to make good on a promise to deliver growth and tens of thousands of jobs, said the lower tax rates would spur new investment and drive his "Make In India" plan to boost domestic manufacturing. "The step to cut corporate tax is historic.

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  India gives companies $20.5 bln tax break

  Reuters Videos
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  Tax Cut Gives Modi Perfect Pitch to Win American Investments

  Bloomberg

Avoid Paying Taxes on Social Security Income

With no inflation adjustment having been made to these benchmarks since 1983, they're now exceeded by most taxpayers who receive Social Security benefits and have other sources of income, too. A number of strategies, both before and after you retire, can limit the amount of tax you pay on Social Security benefits. Reducing your taxable income during the years in which you're drawing Social Security can have other benefits, too, such as lowering your Medicare premiums, which vary by income.

3 Top Stock Trades for Monday: ROKU, AMZN, S&P 500

Top Stock Trades for Tomorrow #1: ROKU We covered Roku (NASDAQ:ROKU) earlier this week, but given the drumming that it took Friday — down more than 20% at one point — I thought it was worth looking at again. Shares bounced on Thursday following a test of the 50-day moving average. However, they began Friday under pressure after Pivotal Research initiated the stock with a sell rating and $60 price target.

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  Roku News: Why ROKU Stock Is Falling Today

  InvestorPlace
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  Will Roku Stock Gain after Recent Product Launch?

  Market Realist

3 things NOT to do with your savings now that the Fed has cut interest rates

The Federal Reserve announced Wednesday that its Open Market Committee had voted to cut the federal funds rate by 25 basis points to a range of 1.75% to 2%. The federal funds rate is the benchmark interest rate that banks use when lending to one another. Interest rates on loans and deposits are typically influenced by the Federal Reserve's decisions vis-à-vis the federal funds rate.

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  Take Five: U.S. money market ruckus - one-off or warning?

  Reuters
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  Fed’s Clarida says U.S. economy is fine but global outlook is getting worse

  MarketWatch

Europe's China telecoms gear ban would cost industry $3.5 billion: report

Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with. Industry lobby group GSMA, backed by blacklisted Chinese firm Huawei, predicted a cost of $62 billion. The world's largest telecom equipment maker Huawei has been put on a U.S. blacklist after Washington said its equipment could be used for spying, which the company denies.

The Best Roth IRA Investments

The best Roth IRA investments are the ones that can take advantage of the way Roths are taxed. There's no upfront tax break on contributions, but your investments grow tax-free in a Roth IRA. To take full advantage of the way Roth IRAs are taxed, it's best to hold investments that would otherwise trigger substantial taxes.

Don’t Retire Early—Change Careers Instead

Sometimes, retiring early is not planned: a layoff, a long-term illness, or having to care for a loved one may mean that early retirement is unavoidable. In other cases, early retirement is a conscious move to pursue personal interests, such as traveling or pursuing a hobby. Early retirement (or the desire to do so) can also serve as a means of escape from an uninspiring career, a toxic work environment, or a frustrating job with no room for creativity or advancement.