Would you like some investment help with that 401(k)? A growing number of employers are adding unbiased third-party investment guidance options as they work to improve their retirement plans. The advice can add to your investment costs, but it’s coming from the best type of planner: independent advisers who have the fiduciary responsibility to put [...] [...more]
If your household income last year was $57,500 or less, you could be leaving money on the table this tax season. Uncle Sam offers a tax credit that can be worth up to half of what you contribute to a traditional individual retirement account (IRA), Roth or workplace retirement plan. The Retirement Savings Contribution Credit [...] [...more]
Unemployment can throw a wrench into even the best retirement plan — especially for older workers in their peak earning and retirement saving years. Now that the employment picture finally is starting to improve, older workers who have been through the wringer of joblessness face the task of getting those plans back on track. More [...] [...more]
IBM ads urge us all to follow its lead and help “build a smarter planet.” Let’s hope other companies don’t follow Big Blue’s latest move: an overhaul of its 401(k) plan that shifts its matching contribution to a once-a-year affair. Starting next year, IBM will shift its matching contribution from semi-monthly to a lump sum [...] [...more]
The U.S. “fiscal cliff” is bad news for retirement security – whether we fall off it or not. If the White House and Congress don’t steer clear of the cliff, taxes on income and investments will jump, beginning January 1. And if a deal is reached in Congress, it could herald entitlement benefit cuts, higher [...] [...more]
