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More Savers to Get 401(k) Investment Advice
Tweet Share on Facebook October 27, 2011 CommentMore retirement savers may get investment advice through their 401(k) or IRA due to a new Labor Department rule published this week. Retirement plan administrators will be able to give advice to account holders beginning on December 27 if they meet specific requirements that are meant to ensure unbiased recommendations.
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401(k) and IRA Changes Coming in 2012
Tweet Share on Facebook October 21, 2011 CommentWorkers will be eligible to contribute an extra $500 to their 401(k)s next year, the Internal Revenue Service announced this week. Employees with higher incomes will also be eligible to get a tax break for saving in a traditional IRA, contribute to a Roth IRA, and qualify for the saver’s credit. Here’s a look at how 401(k) and IRA rules will change in 2012.
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Social Security Checks to Grow 3.6 Percent in 2012
Tweet Share on Facebook October 19, 2011 Comment (2)For the first time since 2009, Social Security beneficiaries will get bigger checks next year. Social Security payments for more than 60 million Americans will increase 3.6 percent in 2012, the Social Security Administration announced today.
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Unequal Access to Retirement Benefits
Tweet Share on Facebook October 18, 2011 Comment (5)The opportunity to participate in a 401(k) or pension plan is only available for about half of the workforce. Just 49.2 percent of all workers had access to a retirement plan at work in 2010, according to a recent Employee Benefit Research Institute analysis of Census Bureau data, and just 39.8 percent of employees participated in the plan. This is virtually unchanged from the 39.6 percent of workers who utilized retirement benefits in 2009.
