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Retirement Planning

No-Strings-Attached Roth 401(k) Conversion Is Good Deal—for Select Few

January 4, 2013
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Until now, to make such a distribution without incurring a 10 percent penalty, workers must either have been retiring, terminating their job with their employer or turning 59½. But under the new law, employees can move their traditional 401(k) to a Roth version of the account without those events and without the penalty.
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Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

January 2, 2013
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A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
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The 401(k) Consolidation Conundrum

December 17, 2012
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Consolidating retirement accounts is typically a worker's responsibility, but employers can offer guidance to make the process easier.
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Clients Kind of Blue Over IBM's 401(k) Surprise

December 11, 2012
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Starting next year, Big Blue's match will be contributed as a lump sum on Dec. 31.
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Pension Envy for Employees Not On the Government's Dime

December 7, 2012
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A recent analysis by Hearts & Wallets of individuals who are near or in retirement showed that those with a public pension are happier in retirement and have higher income than those who don't have a defined-benefit plan.
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Year-End Pension Funding Gaps Could be Largest on Record: Mercer

December 7, 2012
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The aggregate funding deficit in pension plans sponsored by S&P 1500 employers narrowed to $607 billion in November, down $12 billion from the $619 billion deficit recorded in October.
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Employee Opinion of Health Care Benefits Value Drops: Mercer

December 5, 2012
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Thirty-six percent of employees polled in Mercer's annual Workplace Survey indicated that their out-of-pocket costs were 'definitely' commensurate with the health benefits they receive through their employer, down from 44 percent in 2011 and 38 percent in 2010.
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Fiscal Cliff Talks Target Retirement Plans

December 3, 2012
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Retirement plans are in congressional crosshairs for one basic reason: the tax-deductible contributions made to the plans cost the government tens of billions of dollars a year in reduced tax revenues.
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Mercer to Launch Health Insurance Exchange for Medicare-Eligible Employees

November 29, 2012
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The exchange, which Mercer is offering along with Connextions Inc., a technology solutions company, will provide assistance to retirees during enrollment periods and throughout the year.
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AMR Seeks Court Approval to Remove Lump-Sum Benefit Option in Pilots' Pension Plan

November 28, 2012
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American Airlines Inc. parent AMR Corp. has asked a federal bankruptcy court in New York for permission to allow the airline to amend its frozen pilots' pension plan so that retiring pilots cannot receive their accrued benefits as a lump-sum.
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