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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
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…
EBSA Names Acting Assistant Secretary in Wake of Rutledge Departure
The Employee Benefits Security Administration has named Jeanne Klinefelter Wilson as Acting Assistant Secretary, replacing Preston Rutledge, who…
4 Reasons for Higher Retirement Savings Rates
Similar salaries don’t necessarily mean similar savings rates, a maddening quirk of human behavior EBRI and J.P Morgan…
10 Big 401(k) Plans Suspending Matching Contributions in 2020
Companies during 2020 known to have suspended their 401(k) matching contributions due to the COVID-19 pandemic.
Use Science to Improve Fiduciary Judgment
Neuro-fiduciary is the science that seeks a better understanding of what it takes to be a great fiduciary.…
Americans Look for ‘Pandemic-Proof’ Jobs as Unemployment Soars
With unemployment approaching 15% in April, Americans might be making some life changes in the near future. Around…
Retirement Plans for Cannabis Companies? Not So Fast
Regarding Kirsten Curry’s article on May 28, in which she said owners of cannabis providers can adopt qualified…
June Top Advisor by Participant Outcomes (TAPO)—Jane Hagen
A Plan With a Purpose “IT’S TRULY MY mission in life to help one person at a time,…
Markets Rise Despite Protests, Pandemic
Stocks soar despite protests & COVID-19, fueled by optimism in manufacturing as economic contraction slows. Will the trend continue?