A change in federal retirement planning rules finalized last month will affect many on Long Island, where higher salaries are more common due to the high cost of living, experts said. Final ...

If you’re among the roughly 70% of workers in the United States who contribute to a 401(k) or similar workplace retirement plan, some important upcoming changes could affect how you make extra ...

・Starting in 2026, workers earning more than $145,000 will have to make 401(k) catch-up contributions on an after-tax (Roth) basis. ・If your employer doesn’t offer a Roth 401(k), you may lose the ...

Starting in 2026, Americans aged 50 and older earning over $145,000 must make their 401(k) catch-up contributions to a Roth account. This new rule means high-earning older workers will pay taxes on ...