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Workers Can’t Quantify 401(k) Fees Paid
Tweet Share on Facebook July 9, 2010 CommentRetirement savers are having difficulty finding out how much they are paying in 401(k) fees. Most employers (67 percent) think that workers have a clear understanding of the fees associated with their retirement plan, according to a Harris Interactive and Transamerica Center for Retirement Studies survey of 3,598 workers and 601 executives who make decisions about company benefits at for-profit companies. But over half of employees (55 percent) say they are not aware of any fees associated with their company’s retirement plan.
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Second Round of $250 Medicare Checks Sent
Tweet Share on Facebook July 8, 2010 Comment (1)Seniors who have recently reached the coverage gap in their Medicare prescription drug plan will soon receive $250 checks from the federal government. Over 300,000 one-time payments are in the mail, the Obama administration announced today.
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The 10 Most Common Retirement Benefits
Tweet Share on Facebook July 7, 2010 CommentRetirement benefits vary considerably by employer. Most large employers now provide a 401(k) or similar type of retirement account, but other valuable retirement perks including retiree health insurance and traditional pensions are declining. Here’s a look at the most common retirement benefits.
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401(k) Participation, But Not Savings, Grows
Tweet Share on Facebook July 2, 2010 CommentThe shift from traditional pensions to 401(k)s has resulted in more people saving on their own for retirement. But the percentage of pay most 50-somethings are saving has not significantly increased over the past 2 decades, according to a University of Michigan Retirement Research Center analysis of W-2 earnings records.
