The Currency - Work

Can I contribute to a 401(k) and an IRA?

Supplementing your workplace retirement account is a great way to boost your retirement savings and put even more of your money to work in tax-advantaged accounts.

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401(k) contribution limits for 2024 and 2025

Employees can invest more money into 401(k) plans in 2025, with contribution limits increasing from $23,000 in 2024 to $23,500 in 2025.

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Helping Taft-Hartley members pursue a more secure retirement

Our second annual research study offers the single, most comprehensive look at the financial well-being of today’s union members.

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Sparks fly: The FIRE movement trend is fueling early retirement

FIRE movement advocates embrace becoming financially independent and retiring early, leaving the workforce years or even decades before the average retirement age.

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Over half of Americans choose their benefits by price during open enrollment

Cost is the primary driver for choosing benefits during open enrollment, and 35% of Millennials (27% of people overall) enroll in the least expensive option regardless of what the plans offer, according to new research from Empower.

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Gen Z’s road to retirement

According to Empower Personal Dashboard^TM data in August 2024, Gen Zers (ages 18 to 26) already have an average of $76,568 in retirement savings in employer-sponsored plans and individually controlled IRA savings and investment accounts.

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How to help protect your 401(k) during stock market volatility

Making smart, confident investing decisions means having a plan — not just in the coming days but for the long term.

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Should you choose Roth or traditional 401(k) contributions?

Many companies offer a 401(k) plan with both Roth and traditional contribution options.

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What to do with your 401(k) when you leave your job

There are four primary options for someone who already has a 401(k) plan through an employer.

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The Network Effect

New Empower research explores the power of network to influence career and money. How do relationships open doors to money making?

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The net worth of your network: How connections lead to money

Six in 10 Americans believe that the strength of their connections is key to success, from career advancement to pay and promotions, according to Empower research. How is each generation using their network to find success and money opportunities?

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Pursuit of PTO: Half of Americans feel tied to their emails on vacation

Discover how employees view and value paid time off (PTO) and the impact of PTO policies on job decisions, according to Empower research.