Not everyone has a 401(k) at work, but that is irrelevant. Retirement safeguards are in place for workers, and besides, anyone can open an IRA either at a bank or online.
The Employee Retirement Income Security Act of 1974 has evolved over the past four decades.Read More
Advocates say the best place to address these issues is at the state level, and California is the closest to implementing a state-run plan.
Recent survey results from Financial Finesse show employers are providing more financial tools, but also employees are asking for help in greater numbers, too.Read More
A Washington-based think tank says the Obama proposal would affect 20 percent of Americans ages 25 to 64 with retirement plans that could hinder incentives to save money.Read More
Revisiting the company's investment plan statement should be the first order of business, and then start building your paper trail to ward off IRS inquiries.Read More
The defined contribution plans, created during the last league lockout in 2005, will be restructured into voluntary contribution plans and neither plan will be terminated.Read More
Plan sponsors see big bounce in performance after adding new funds but it doesn't last.Read More
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.Read More
Almost half of employers, 46 percent, said they would consider dropping their plans under the 28 percent tax credit scenario, while one-third would do so in the event of a limited tax exclusion or under the 20-20 proposal.Read More