Here’s how to decide whether a 401 (k) or an annuity—or a combination of both—is best for your circumstances. 401 (k) vs. Annuity: Basic Concepts First, let’s review some basics.

Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025. Catch-up contributions bump the 2025 maximum to $77,000 for employees who are 50 to 60 and up to ...

Key points A 401(k) is an employer-sponsored plan that allows workers to defer a portion of their income for retirement. When you leave a job, you have several options for what to do with your 401 ...

More than one-third of Fidelity plans now auto-enroll employees in 401 (k)s at a contribution rate of 5% or higher. “Unless a new hire takes action, they’re going to be saving for the plan ...

Contributions to your 401 (k) generally need to be made by Dec. 31 of each year. As Kiplinger has reported, If you are younger than 50, the maximum amount you could contribute to a Roth 401 (k ...

If you and your spouse divorce, your 401 (k) could be divided up as part of the financial settlement. The same is true for your spouse’s 401 (k) if they have one. How the 401 (k) is to be ...

You may be able to convert your traditional 401 (k) into a Roth 401 (k) if your employer offers both types of plans. It boils down to when you want to pay taxes on your retirement savings: while ...