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Planning to Retire

October 2011


More Savers to Get 401(k) Investment Advice

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More 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 ...

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retirement

401(k) and IRA Changes Coming in 2012

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Workers 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.

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retirement

Unequal Access to Retirement Benefits

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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 ...

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retirement