Browsing Tag
401(k)
3593 posts
A 401(k) is an employer-sponsored retirement savings plan that allows employees to contribute a portion of their pre-tax or after-tax income towards retirement. These contributions are then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
Episode 6: Creative Planning’s Peter Mallouk on What’s Right (and Really Wrong) With 401(k)s
Peter Mallouk says 401(k) plans are expensive, overly complex, needlessly complicated and involve too many third parties.…
How to Close the Coming COVID-19 Retirement Savings Gap
When the dust finally settles from the COVID-19 pandemic, the nation’s retirement deficit will have widened significantly, due…
How Pandemic is Putting More Retirements at Risk
Thanks to a bump from the coronavirus pandemic, now more than half of working-age households in America are…
Police Union Officials Accused of Retirement Plan Theft
It hurts more when done by those sworn to protect. Former state trooper Kenneth Wynder Jr., president of…
IRS Reminds Seniors: No RMD in 2020
The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of…
Bloomberg’s (Extremely) Bogus 401(k) Fight
“In 2020, there is no tax advantage remaining to the 401(k).” It’s just one of many hot takes…
Generational Saving Surveys Are Divisive Bunk, Empower Says
Millennials are a bunch of whiners, but we agree with Empower Retirement’s larger point. Whether this generation or…
Index Reveals Americans’ Heightened Worries Around Retirement
Given the current state of the country, it’s no big surprise Americans are growing increasingly concerned about their…
IRS Reveals 2020 ‘Dirty Dozen’ Tax Scams
How many times have we inadvertently clicked on a link, only to realize something is amiss? The angst…
Mutual Fund Flows Best Since Beginning of COVID
Mutual fund and ETF flows for June were the strongest since January, according to Morningstar. Overall, long-term mutual…