Employees and individual retirement plan owners can contribute more toward their retirement benefits next year. (more…)
Posts Tagged ‘retirement’
Do you know the 2012 Retirement Limits?
Wednesday, November 23rd, 2011What If Will and Kate Married in the US? Financial Advice for Newlyweds
Friday, May 13th, 2011As the Duke and Duchess of Cambridge settle into married life, they may manage many of the same financial issues that any other newlyweds face with a new union. So, what if William and Kate got married in the United States instead? What financial advice might they receive that soon-to-be brides and grooms might also heed? (more…)
Raiding Your 401K? It’ll Cost You
Tuesday, April 26th, 2011A recent study by Bankrate found that nearly one-fifth of full-time employed Americans have raided their retirement accounts in the past year to cover emergency expenses. These results match a Fidelity Investments study last year that reported the number of workers borrowing against their retirement accounts had reached a 10-year high. Given the financial stress that many workers face today, the numbers are not that surprising, but the long-term consequences can be. (more…)
Looking at Target Date Retirement Funds? Here Are Some Considerations
Monday, April 18th, 2011Does your company provide target date funds as an option in its 401(k) plan? Many 401(k) plans use them as the default investment for plan participants who do not select their investments under the plan. Target date funds do make investing much easier for participants by automating the asset allocation process, but they still require careful consideration both before and after the investment decision is made. (more…)
Add $1,000 to retirement account without sacrifice? Here’s how
Tuesday, February 8th, 2011A provision of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 decreased the employee portion of the Social Security tax from 6.2 percent to 4.2 percent for 2011. Now you have a rare opportunity for to increase your 401(k) contribution without any change in your net take-home pay in 2011 when compared to 2010. (more…)
How can you help your employees save for retirement?
Monday, November 29th, 2010Although a higher percent of American workers are participating in employer-sponsored retirement plans, retirees may still not be saving enough for their retirement and may risk outliving their retirement assets. More individuals are also withdrawing retirement savings before they actually retire. Those are the findings in a report recently released by the Treasury Inspector General for Tax Administration (TIGTA). (more…)
Do you auto-enroll employees in your 401k?
Wednesday, July 28th, 2010Large employers are hesitant to institute automatic enrollment for their retirement savings plans, according to a recent survey conducted by AARP. Nearly 60 percent of the employers surveyed noted that they did not have automatic enrollment in the 401(k) plans. (more…)
Should I Convert to a Roth IRA?
Friday, May 14th, 2010We’ve heard a lot about the benefits of converting your traditional IRA to a Roth IRA over the past several months, and you probably already know the decision has many considerations. Here are three more to consider: (more…)
