Talk about an easy lay-up shot. Buried in President Obama’s 2013 budget is a proposed tax break that would make retirement easier to manage for half of America’s seniors – at very low cost to government coffers. The administration proposes exempting seniors from the rules requiring them to take distributions from tax-deferred retirement accounts starting [...] [...more]
You’re young and lucky enough to be gainfully employed, but it’s a hard time to be starting out in life – the job market is perilous, financial markets are volatile and the housing market’s direction is anyone’s guess. Is this any time to be thinking about saving for a secure retirement? Absolutely. Top retirement experts [...] [...more]
Southwest Airlines pilots are now free to retire about the country. That’s because they have the nation’s best 401(k) plan. Brightscope, which rates and ranks 401(k)s, released its third annual yearend rating of the 30 best large plans today. The Southwest Airlines pilots’ plan took top honors this year, rising two spots compared with last [...] [...more]
Transparency will be coming to your 401(k) plan next year in the form of new quarterly reports that clearly disclose the fees you pay on investments. Now, the question is: What will you be able to do with the new-found information? The new reports will turn up no later than the second quarter, and you’ll [...] [...more]
Set it and forget it,” infomercial marketer extraordinaire Ron Popeil used to say. That might have worked for Ron’s easy-to-use chicken rotisserie — but it’s not a good approach for your retirement portfolio. Even the best-built retirement plan needs a periodic check-up, so my column at Reuters Money this week offers seven tips, tweaks and [...] [...more]
