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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.
401(k) ‘Fiduciaries’ Sentenced to Prison for Fraud
Vantage Benefits Administrators co-owners Jeff and Wendy Richie were sentenced to prison last week for their roles in…
Forget Social Security, Are ‘Birthright Funds’ Better?
Birthright funds Social Security could ease retirement challenges by using compound growth to secure future wealth for all Americans.
Why Low-to-Moderate Income Plan Participants are Bearing Brunt of the Recession
The COVID-19 pandemic is having a lasting negative financial impact on many low- to moderate-income (LMI) defined contribution…
EBRI: ‘More than a Third of Americans Unwilling, Unsure of Vaccine’
The Employee Benefit Research Institute is out with concerning news. Its annual Consumer Engagement in Health Care Survey…
Senate Hearing Focuses On 4 Retirement Saving Challenges
Retirement issues were front and center Wednesday in a remote Senate hearing chaired by Senator Rob Portman, R-Ohio.…
The Toll on Small Business Retirement Savings from COVID-19
In contrast to the response during the 2008-2009 financial crisis, more than 90% of employers will make their…
Survival Mode: Where 4 in 10 Americans Say They’ll Be Financially in 2021
The pandemic and its resulting economic turmoil has many Americans focused on merely surviving financially these days, an…
Americans to Prioritize Health & Wellness over Finances in 2021?
Long-term finances could take a back seat to health and wellness in 2021, according to the annual New…
2021 NAPA 401(k) Summit Moves to Las Vegas Next September
The NAPA 401(k) Summit will move its time and place in 2021, banking that a bit more time…
Yikes! Half of Americans with Incomes Over $100K Think They’ll Never Be Able to Retire
Nearly every household with an income of $100,000 or more saves for retirement, but only half of them…