Browsing Tag
401(k)
3591 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
Pandemic Provides Opportunity to Rebalance Client Communication
Most of us are creatures of habit. We thrive on routines and like to feel in control. But…
IRS Temporarily Waives Rule for Retirement Plan Changes
The IRS is temporarily allowing retirement plan participants to forgo in-person witnessing of election changes as long as…
Episode 1: Anthony Scaramucci on Trump, Biden and 401(k)s
The outspoken founder of SkyBridge Capital and the SALT Conference was run from the White House after only…
A Critical Time to Protect the Vulnerable
The COVID-19 crisis has taught many painful lessons—but perhaps none more important than the need to protect those…
How Identity Fraud Targets 401(k) Participants
Identity fraud is increasingly targeting 401(k) participants, with employees in workplace retirement plans squarely in criminals’ sights. Recent…
More Stimulus Spending Stymied by Jobs Report, Market Rebound
Proponents of additional stimulus spending are petering out after Friday’s surprisingly positive employment report. Total nonfarm employment numbers…
Once and For All: IRC and ERISA Say Cannabis 401(k) Plans Can Exist
I write to clarify and educate about the legal authority regarding how and why cannabis 401(k) plans are…
What the Pandemic is Revealing About Target Date Funds
The differences among target date funds (TDFs) can be hard for some plan sponsors and participants to immediately…
Bankrate: 31 Million Americans will Raid Retirement Funds During Pandemic
Thirty-one million, or more than a quarter (27%) of working or recently unemployed adults with retirement savings, have…
Senate Passes Important Improvements to PPP Loan Program
The Senate passed a second try at the Paycheck Protection Program (PPP) to address concerns and unintended consequences…