Latest news with #2H
Yahoo
3 days ago
- Business
- Yahoo
Retirement Contributions Hit All-Time High, Fidelity Says
Americans are taking a page from the FIRE movement's playbook. Fidelity's retirement analysis from Q1 2025 showed that more US workers may be able to achieve the group's dual goals of financial independence and retiring early. Although IRA, 401(k), and 403(b) balances were lower due to this spring's stock market swings, contribution rates increased. The report found that the combined 403(b) savings rate for employees and employers held steady at 11.8%, while the 401(k) savings rate grew to 14.3% — the highest figure ever recorded by the bank. IRA contributions rose 4.5% from last year. The findings, based on analysis of 50 million retirement accounts, have implications for how advisors should think about their clients' retirement plans. 'More people are putting more money away, which is great, but I think a lot of them are putting it in the wrong place, in a 401(k) rather than a Roth,' said CPA and retirement expert Ed Slott. While 401(k)s allow workers to contribute pre-tax income, the funds are subject to taxation when withdrawn; Roth funds are taxed beforehand. Savers who contribute to a 401(k) 'are building up a future tax bill in retirement,' he said. READ ALSO: Advisors Go Risk-On Heading Into 2H and Morgan Stanley, American Funds Earn Top Rankings From Financial Advisors The stock market volatility of last quarter dragged retirement account balances down 3% overall, Fidelity found. That impacts both retirees and Gen Zers, many of whom are just starting their careers and might take out their money too early to pay for expenses like down payments on homes or to embark on 'mini-retirements.' '[Young people] get married, they want to buy a home, and all of a sudden they don't have enough money,' Slott said, 'so they either stop their 401(k) contributions, or, even worse, take some of that money out.' Still, both older and younger generations are saving more than in the past, which is a sign of faith in the markets, said Mike Shamrell, Fidelity's VP of Workplace Thought Leadership. This might be because Gen Z has more access to financial education resources via social media, while Gen Xers, who are further along in their careers and closer to retirement, 'have seen this movie before' in previous recessions, he said. On top of that, account averages generally held steady year-over-year: IRA accounts held an average of $121,983, down 4% from last quarter and down 1% year-over-year. 401(k)s had an average of $127,100, down 3% from last quarter and up 1% year-over-year. 403(b)s had an average of $115,424, down 2% from last quarter and up 2% year-over-year. A Happy Medium? Slott thinks advisors need to help their clients strike a careful balance between saving and spending. 'For a while we had that FIRE movement, [where] you live in a cave for 10 years and then you'll have a lot of money,' he said. 'I equate that with losing weight, going on a diet. If you deprive yourself of everything, one day, you're just going to eat the refrigerator.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
23-05-2025
- Health
- The Sun
KL Wellness City launches RM16k health & travel rewards to promote wellness tourism
KL Wellness City (KLWC) has officially launched two flagship initiatives aimed at integrating health, wellness, and travel— the 2H: Health & Holidays Reward Campaign and the Wellness 360: Integrative Yoga & Specialist Doctor Talk Series—in a move to promote proactive health management and position Kuala Lumpur as a regional hub for wellness tourism. The launch ceremony was graced by Nor Azrina Surip @ Nurin Aina Abdullah, Political Secretary to the Minister in the Prime Minister's Department (Federal Territories), representing Datuk Seri Dr. Zaliha Mustafa, alongside senior KLWC officials. Running from 21 May to 20 August 2025, the 2H campaign offers exclusive health and travel reward packages worth RM13,000 to RM16,000 with any property purchase at The Nobel Healthcare Park. These include health screening vouchers and travel perks through AirAsia MOVE and AirAsia Rewards—such as SNAP flight and hotel packages, AirAsia Ride, duty-free shopping, and redeemable AirAsia points. 'Initiatives like Wellness 360 and the 2H campaign reflect the kind of progressive, people-first programmes we need more of—ones that empower communities to take charge of their health, while also supporting local economic vibrancy,' said Dr Zaliha. 'As we position Kuala Lumpur as a thriving, inclusive city, efforts like this help bridge wellness, tourism and urban living in meaningful ways.' Health screening vouchers can be redeemed at the upcoming International Hospital @ KL Wellness City, scheduled to open in the second half of 2026. The flagship tertiary hospital will provide international-standard diagnostics, screenings, and specialist services. Screening packages under the campaign include checks across multiple health dimensions, such as vital signs, respiratory and cardiac tests, abdominal ultrasound, metabolic health profiles, infectious disease screenings, nutritional guidance, and medical consultations tailored by age group. Datuk Seri Dr. Vincent Tiew, KLWC's Executive Director of Branding, Sales & Marketing, emphasised the broader vision: 'This is more than a development — it is our commitment to create a blueprint for healthier living in Malaysia and the region. 'With Wellness 360 and the 2H campaign, we are taking real, impactful steps to bring wellness to the forefront of everyday life. We believe true wellness should be accessible, engaging and inspiring.' AirAsia MOVE and AirAsia Rewards serve as official travel partners, enhancing campaign convenience by offering seamless access to travel bookings, wellness deals, and shopping via their integrated app. The Wellness 360 Series is a 12-session public health programme, combining doctor-led wellness talks with yoga sessions. Running monthly from June to December 2025 at the KL Wellness City Gallery, each session explores a distinct wellness theme, such as heart health, hormonal balance, neurological calm, and mental resilience—paired with tailored yoga practices like Heart-Opening Flow, Moon Flow, Yoga Nidra, and Meditation. Health and beauty brand Kinohimitsu joins as a strategic partner in the Wellness 360 series. Represented by Liew Pei Yee, General Manager, the brand will support all sessions with sponsored products, expert talks, health tips, and interactive booths. Dr Tiew added, 'As the first healthcare and wellness city in Southeast Asia, we believe in walking the talk when it comes to well-being. Wellness 360 isn't just a campaign — it reflects how we live and build our community. ' From our staff to our residents and partners, we're creating an ecosystem where health is a way of life, not an afterthought. People say health is wealth and with our 2H campaign, we're combining both by rewarding your wellness journey with a holiday. We'll even fly you there for free.'
The Sun
23-05-2025
- Health
- The Sun
KL Wellness City launches RM16k health & travel rewards
KL Wellness City (KLWC) has officially launched two flagship initiatives aimed at integrating health, wellness, and travel— the 2H: Health & Holidays Reward Campaign and the Wellness 360: Integrative Yoga & Specialist Doctor Talk Series—in a move to promote proactive health management and position Kuala Lumpur as a regional hub for wellness tourism. The launch ceremony was graced by Nor Azrina Surip @ Nurin Aina Abdullah, Political Secretary to the Minister in the Prime Minister's Department (Federal Territories), representing Datuk Seri Dr. Zaliha Mustafa, alongside senior KLWC officials. Running from 21 May to 20 August 2025, the 2H campaign offers exclusive health and travel reward packages worth RM13,000 to RM16,000 with any property purchase at The Nobel Healthcare Park. These include health screening vouchers and travel perks through AirAsia MOVE and AirAsia Rewards—such as SNAP flight and hotel packages, AirAsia Ride, duty-free shopping, and redeemable AirAsia points. 'Initiatives like Wellness 360 and the 2H campaign reflect the kind of progressive, people-first programmes we need more of—ones that empower communities to take charge of their health, while also supporting local economic vibrancy,' said Dr Zaliha. 'As we position Kuala Lumpur as a thriving, inclusive city, efforts like this help bridge wellness, tourism and urban living in meaningful ways.' Health screening vouchers can be redeemed at the upcoming International Hospital @ KL Wellness City, scheduled to open in the second half of 2026. The flagship tertiary hospital will provide international-standard diagnostics, screenings, and specialist services. Screening packages under the campaign include checks across multiple health dimensions, such as vital signs, respiratory and cardiac tests, abdominal ultrasound, metabolic health profiles, infectious disease screenings, nutritional guidance, and medical consultations tailored by age group. Datuk Seri Dr. Vincent Tiew, KLWC's Executive Director of Branding, Sales & Marketing, emphasised the broader vision: 'This is more than a development — it is our commitment to create a blueprint for healthier living in Malaysia and the region. 'With Wellness 360 and the 2H campaign, we are taking real, impactful steps to bring wellness to the forefront of everyday life. We believe true wellness should be accessible, engaging and inspiring.' AirAsia MOVE and AirAsia Rewards serve as official travel partners, enhancing campaign convenience by offering seamless access to travel bookings, wellness deals, and shopping via their integrated app. The Wellness 360 Series is a 12-session public health programme, combining doctor-led wellness talks with yoga sessions. Running monthly from June to December 2025 at the KL Wellness City Gallery, each session explores a distinct wellness theme, such as heart health, hormonal balance, neurological calm, and mental resilience—paired with tailored yoga practices like Heart-Opening Flow, Moon Flow, Yoga Nidra, and Meditation. Health and beauty brand Kinohimitsu joins as a strategic partner in the Wellness 360 series. Represented by Liew Pei Yee, General Manager, the brand will support all sessions with sponsored products, expert talks, health tips, and interactive booths. Dr Tiew added, 'As the first healthcare and wellness city in Southeast Asia, we believe in walking the talk when it comes to well-being. Wellness 360 isn't just a campaign — it reflects how we live and build our community. ' From our staff to our residents and partners, we're creating an ecosystem where health is a way of life, not an afterthought. People say health is wealth and with our 2H campaign, we're combining both by rewarding your wellness journey with a holiday. We'll even fly you there for free.' For more information on KLWC's 2H Reward Campaign or to register for Wellness 360, visit
Yahoo
03-04-2025
- Business
- Yahoo
FTC Solar price target lowered to $5 from $10 at TD Cowen
TD Cowen lowered the firm's price target on FTC Solar (FTCI) to $5 from $10 and keeps a Buy rating on the shares. The firm said FTC Solar delivered solid sequential revenue growth and a rising contracted backlog, but margins remain under pressure due to lack of scale. Management reiterated its 2025 Adj. EBITDA breakeven goal, hinging on 2H project execution. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on FTCI: Disclaimer & DisclosureReport an Issue FTC Solar price target raised to $3 from 50c at Roth MKM FTC Solar Reports Q4 2024 Financial Results FTC Solar: Strong Revenue Growth and Strategic Partnerships Drive Buy Rating Despite Margin Challenges Rocket acquires Mr. Cooper, Musk's xAI acquires X: Morning Buzz FTC Solar reports Q4 adjusted EPS (80c), consensus (84c)
