Posts Tagged

401k

Business HeadlinesYour Money

published May 3rd 2017, 8:45 am, by Suzanne Woolley (Bloomberg) —Twitter had a brief freakout last week after White House spokesman Sean Spicer seemed to suggest that pretax 401(k) contributions to retirement savings were in danger. The White House hastened to say that wasn’t part of the proposed tax overhaul

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Business HeadlinesYour Money

published Dec 9th 2016, 6:00 am, by Ben Steverman (Bloomberg) — One way to prepare for retirement is to save. Another way: Don’t retire. It’s surprisingly common to put very little aside and hope you never need to hang up your cleats for good. Among investors under age 35, more

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Business HeadlinesYour Money

published Sep 27th 2016, 6:45 am, by Suzanne Woolley (Bloomberg) — “Tax drag” doesn’t sound very pleasant, and it isn’t. It’s the friction that taxes inflict on your investment returns, robbing you of easy, risk-free additional money you could be making to live on in retirement. Why aren’t you making

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Business HeadlinesYour Money

published Aug 26th 2016, 10:06 am, by Nir Kaissar (Bloomberg Gadfly) — Defined contribution plans — American workers’ golden road to retirement — are on the defensive. A mountain of class-action lawsuits is piling up against a who’s who of blue-chip companies and prestigious universities, accusing them of failing to

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Your Money

Penalty-Free Withdrawals From IRAs Before Age 59 ½ are Possible Many of you benefit from saving into an employer-sponsored retirement plan such as a 401(k), 403(b) or 457 plan. These plans have their advantages and drawbacks and depending upon the plan, you could get slapped with a 10% tax penalty

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Business Headlines

©2015 Bloomberg News NSPM0H6KLVRR (Bloomberg Business) — What if people in your age and income brackets put an average of 8 percent of their salaries into their 401(k) plans, and the top 10 percent squirreled away 15 percent— and you could see it all on your plan’s website? And what if

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Business Headlines

Copyright 2015 Bloomberg. NK8ZVK6JTSEW (Bloomberg View) — The way that a lot of retirement investing advice goes is that you go to your broker and ask him what you should invest in, and he says, “Oh Fund XYZ is great, put all your money in Fund XYZ,” and the reason he

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