Bill Lewis, 58, a former Wall Street broker laid off in 2013, invested his entire $180,000 401(k) into a Nestlé Toll House franchise, believing the established brand would guide him through unfamiliar territory as a first-time business owner. Despite strong initial sales growth, high mall operating costs made the store unprofitable, and after four years he was forced to shut it down. Lewis now works up to 75 hours a week driving for Uber and Lyft in Pennsylvania's Pocono Mountains to rebuild his finances.
entrepreneur.com
· 2026-09-09
Jeff Schneble, who leads digital 401(k) provider Human Interest, discussed why more small businesses should start offering retirement plans as the savings industry undergoes rapid change. He explained his decision to leave venture capital to run the fast-growing company amid rising demand for retirement products.
fastcompany.com
· 2026-09-07
Researchers report that psilocybin, the psychoactive compound found in magic mushrooms, shows potential to protect cancer patients from developing long-term chronic pain. The finding points to a new therapeutic application for the psychedelic beyond its studied uses in mental health treatment.
fastcompany.com
· 2026-09-04
More workers are tapping their 401(k) accounts through loans or hardship withdrawals, even as retirement balances climb to record levels amid rising savings rates. The trend reflects the strain of inflation pushing some savers to dip into retirement funds despite overall growth in their accounts.
fastcompany.com
· 2026-09-03
Financial planners commonly recommend a sequence for allocating limited retirement savings dollars: capture any employer 401(k) match first, then max out an HSA if eligible, followed by an IRA (Roth or traditional), and finally additional 401(k) contributions up to the annual limit. The framework helps savers with a fixed monthly or yearly budget decide where each dollar produces the most value.
fastcompany.com
· 2026-09-01
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