401(k) & Retirement

Bidens retirement plan changes. Presidential candidate and former Vice President Joe Biden recently proposed a key change to the employer-sponsored 401(k) plan that could help lower  earners save for retirement. But this proposed change also would... Read More

How many withdrew 401(k) during pandemic. The CARES Act, which went into effect this spring, allows savers to withdraw up to $100,000 from their 401(k) plans and waive the 10% early withdrawal penalty if they're under age 59 and a half. A fraction... Read More

Will biden change your retirement plans. It's an election year and you know what that means: Proposals are cropping up from both sides of the aisle that promise to make your life easier. One, supported by the Biden-Harris ticket, is a change to th... Read More

Three sources of retirement income. Retirement is expensive and becoming more so all the time. Meanwhile, fewer jobs are offering pensions to help cover retirement costs, and some are even cancelling 401(k) matching temporarily due to the strain t... Read More

Disappearing dividends from retirement. Pension funds and other investors are smarting from the worst quarter for stocks since 2008. Now many are bracing for more pain as companies slash dividend payouts in the face of a global recession that is w... Read More

Retirees and the economic downturn. If you're a retiree with an investment account, you may be worried about recent volatility in the stock market. You're probably counting on your investments to help support you, so seeing their value fall can be... Read More

Congress may let you use retirement. You may soon be able to withdraw up to $100,000 from your 401(k) retirement plan amid the coronavirus outbreak. Just make sure you read the fine print before you jump in. The Senate is currently negotiating ove... Read More

Retirement enhancement act explained. This Act, also known as the Secure Act, allows for non-taxable income received by home healthcare workers "difficulty of care" payments, to be treated as compensation for purposes of contributing to defined co... Read More

Retirement contribution limit rises. The Internal Revenue Service announced that employees in 401 (k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59, posted on IRS.GOV This guid... Read More

Important 2019 roth irs rules. A Roth IRA is a form of tax benefited retirement account. With Roth IRAs your contributions are not tax deductible, but your eventual withdrawals will be. This makes Roth IRSs a great way to ensure your financial sec... Read More