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TARPON SPRINGS, Fla. -- Several dogs are up for adoption in Florida after being rescued from the Bahamas. Some of the dogs were pulled into the home of a woman who lives in Nassau ahead of the Hurricane Dorian. “Hello buddy, hello buddy! I miss you too,” said Mac Steinmeyer, a volunteer at 303
The Justice Department on Thursday night released 34 pages of memos from interviews with Justice Department official Bruce Ohr, who was in contact with the author of the 182
The coronavirus pandemic has had an unexpected side effect in Venice—where the normally cloudy canals have transformed into water crystal clear enough to see fish swimming below. https://t.co/qrr8iphSPd pic.twitter.com/37H7iiB09Y— ABC News (@ABC) March 18, 2020 274
The brother of a "Shark Tank" star was found dead in a hotel room in the Dominican Republic, and the death comes after the deaths of six other U.S. tourists visiting the DR have been brought to light.Barbara Corcoran's brother John is the victim and he was there on an annual vacation with a friend in April. It is believed his death was the result of a heart attack.Corcoran tells media she does not believe an autopsy has been performed.His friend is who discovered the body, 490
The average 401(k) balance rose 17% last year to 2,300 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 5,400.Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Investments of all types logged gains, from junk bonds to stocks from developing economies.But workers’ better savings habits also played a big role.Fidelity said the average worker set aside 8.9% of their pay in their 401(k) in the fourth quarter, a record. Combined with employer matches, the average total savings rate was 13.5% in the quarter, tying its record last reached in the spring of 2019.“Nobody can control the market, so the behaviors of people contributing to their 401(k)s are what get us the most excited,” said Katie Taylor, vice president of thought leadership at Fidelity. “We have people saving 13.5%, which is really close to the 15% that we recommend. That’s a great story.”In many cases, workers may not even realize they’re saving more. Most employers give the option for workers to automatically increase their contributions each year, without having to do anything. Some employers even automatically sign up their employees for these auto-escalation programs, requiring them to opt out if they don’t want their contribution levels to steadily rise.Such features are on top of programs where employers automatically enroll new hires in the 401(k) plan. They all lean on the power of inertia to help workers build up bigger nest eggs. It’s a sharp turnaround from earlier years when workers had to take an extra step to join the 401(k) plan and fill out paperwork whenever they wanted their contribution levels to change.“There’s always a way, if you don’t want to do it, where you can unenroll, but these automatic programs have been a game changer,” Taylor said.Consistent contributions — and giving them time to grow — are keys to building bigger portfolios. Among workers who have been in their 401(k) plan for 10 straight years, the average balance rose to a record 8,200, according to Fidelity.Such figures, though, count only people who have a 401(k). Many lower-income workers, particularly at smaller employers, could not save in a 401(k) even if they wanted to because their companies don’t offer access to one. Legislation passed late last year aims to make it easier for smaller employers to band together and offer plans.Nearly half of all U.S. households aged 55 and over, 48%, had no retirement savings at all as of 2016, according to estimates from the Government Accountability Office. 2737