Browsing Tag
401(k) Retirement
1086 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.
Munnell Calls for Post-Crisis Action to Stabilize Social Security Finances
Social Security is once again proving its worth during the coronavirus pandemic, continuing to provide steady income to…
Most Consumers Still Baffled by Annuities
New quiz from Secure Retirement Institute shows majority of consumers are still baffled by annuities, which now have an easier path into retirement plans.
Social Security Combined Trust Funds Projection Unchanged
The Social Security Board of Trustees on Wednesday released its annual report on the long-term financial status of…
New ‘Stress Test’ for Retirement Plans Helps Address Coronavirus Concerns
401k plan participant worries about retirement are skyrocketing due to higher volatility and the stock market crash brought…
One-Third of 45- to 64-Year-Olds to Delay Retirement Due to Coronavirus, Survey Finds
A new survey finds 36% of adults within 20 years of retirement now anticipate waiting longer to retire…
Early Predictions for 2021 Social Security COLA
Yes, it’s a little early to be predicting what the Social Security cost of living adjustment (COLA) will…
Good Reasons Not to Raid that 401(k)
Learn the risks of 401(k) hardship withdrawals and when tapping retirement funds might be the last resort for financial relief.
Retirement Planning Anxiety Spikes One Month into Crisis
Over 59% of retirement advisors report that clients are more concerned about their retirement prospects than they were just a month ago, says a new survey.
Bye Bye Bernie: Sanders Drops Out of 2020 Presidential Race
Bernie Sanders dropped out of the Democratic presidential race on Wednesday, telling his staff on a conference call…
Industry to Congress: Restore, Expand Financial Advice Deduction
A group of prominent financial services associations is urging Congress to restore—and expand—the deductibility of professional investment and…