Browsing Tag
401(k) Retirement
1091 posts
A 401(k) retirement plan is a tax-advantaged savings account offered by many U.S. employers to help employees save for retirement. Workers contribute a portion of their paycheck, often pre-tax, and employers may match part of that contribution. The money is typically invested in mutual funds, stocks, or bonds and grows tax-deferred until withdrawal, usually after age 59½. Some plans offer a Roth option, allowing after-tax contributions with tax-free withdrawals. 401(k)s have annual contribution limits set by the IRS and may include features like automatic enrollment and loans. Early withdrawals may incur taxes and penalties unless exceptions apply.
IRI Calls On Biden Administration to Review Retirement Security Bills
While SECURE 2.0 offers enhanced retirement measures, IRI notes that there is still more work to be done
Latest Social Security COLA Projects Increase of 3%
The rise is a 0.3% increase from last month's estimate of 2.7%
Gen Xers Know They’ll Need a Lot to Retire—But They Don’t Have It
Insured Retirement Institute finds most Gen Xers expect to need more income in retirement than previous generations, but they’re not confident their savings will suffice
Why Digital Recordkeepers are Poised to Disrupt the Retirement Plan Market
Retirement Planscape report from Escalent identifies plan sponsor pressures, ranks likelihood of which digital recordkeeper firms they will consider for their 401(k) plan in the next 12 months
Principal Becomes 6th Recordkeeper to Join Portability Services Network
With the addition, industry consortium to support automatic portability of retirement accounts will include 93 million workers and 231,000 plans
How Each Workforce Sees Their Retirement in a Post-Pandemic World
New findings from Transamerica analyzes how workers think about their retirement in a post-pandemic reality
California Man Guilty of $800,000 Social Security Fraud Scheme Over 30+ Years
Donald Felix Zampach concealed his mother’s death for more than three decades while he collected benefits in “longest-running and largest fraud of its kind”
Do Equity Investments Make Sense in Social Security?
A new report by the Center for Retirement Research at Boston College questions whether equity investments can be a tangible solution for fixing Social Security insolvency
Hottest Topics of 2023: Mid-Year Review of Most-Viewed Articles
The Fourth of July holiday marks the ideal time to look back at the issues sparking the most reader interest during the first half of the year
Corporate Roundup: Pensionmark Names CIO; DCALTA Appoints Board of Directors
Pensionmark announces a new CIO, while DCALTA selects three new members to its board of directors, and more