Browsing Tag
401(k)
3588 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
‘Emergency’ Bill Introduced to Increase Social Security COLA
Following the Social Security Administration’s announcement of a “meager” 1.3% cost-of-living adjustment (COLA) for Social Security beneficiaries in…
1 in 4 Full-time U.S. Workers Worse-Off in Pandemic
One in four full-time U.S. employees say their financial situation has deteriorated as a result of the pandemic,…
Will ‘National Universal Access’ to 401(k) Plans Increase Coverage?
Now that it’s official, will a Biden-Harris Administration mean more calls for an Obamacare like effort for retirement…
Annexus To Offer Lifetime Income in Target Date Funds
Annexus Retirement Solutions offers annuities in target date funds to deliver lifetime income and secure retirement futures.
John Hancock Retirement Names Leader of Mid/Large-Market Distribution Team
John Hancock Retirement, a company of Manulife Investment Management, today announced it has named Bill Thompson, divisional vice-president,…
1 in 8 Adults Over 55 Plan to Delay Retirement Due to COVID
New research found one in eight U.S. adults (13%) over the age of 55 who expect to retire…
Pandemic Turning More Americans Into Savers
New Voya consumer survey shows the COVID-19 pandemic and its resulting economic turmoil has turned more Americans into savers.
Stressed Out: One in Four Americans Considering COVID Career Change
A negative mental health trend among Americans continued uninterrupted for the eighth consecutive month. Health services provider Morneau…
Congressman Wants to Eliminate Required Minimum Distributions (RMD)
Rep. Kevin Brady, R-Texas, discussed the SECURE Act and its possible successor, SECURE 2.0, during a live webcast on Thursday.
Episode 15—What’s Wrong With 401(k) Coverage and Balances? Alicia Munnell from the Center for Retirement Research Explains
Dr. Alicia Munnell, director of the Center for Retirement Research at Boston College, joins us to discuss retirement…