Browsing Tag
401(k)
3592 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then invested, and the growth is typically tax-deferred (in a traditional 401(k)) or tax-free (in a Roth 401(k)) until withdrawn in retirement.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 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…
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…