individual retirement account – Benefits Canada.com

Taskrabbit providing U.S. gig workers with retirement benefits

Sadie Janes — Fri, 31 May 2024 13:00:46 +0000

Online gig economy platform Taskrabbit Inc. is providing U.S. gig workers with retirement benefits through a new initiative. The program, in partnership with financial services firm Robinhood Markets Inc., provides workers with access to a match program for individual retirement account contributions. During the first year of enrolment, workers receive a two per cent match on […]

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Just 29% of U.S. workers saving enough for retirement: survey

bwolfe — Fri, 08 Jul 2022 19:00:53 +0000

Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit organization Transamerica Center for Retirement Studies. The survey, which polled 5,800 workers, found 47 per cent of respondents expect to retire after age 65 or don’t plan to retire at […]

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401(k)s hit records as workers sock away more, stocks jump

mschmit — Fri, 14 Feb 2020 03:58:59 +0000

The average 401(k) balance rose 17 per cent last year to $112,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to $115,400. Those figures are averages, not medians, and the typical 401(k) might be closer […]

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