Retirement Benefits: What to Expect in 2010

Government payouts and tax incentives for retirement will generally remain the same next year

December 21, 2009 RSS Feed Print

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401(k) matches return. There is some good news for retirement savers in 2010. Many employers that suspended their 401(k) match in 2008 or 2009 plan to resume it in 2010. Among Fidelity-administered 401(k) plans, 27 percent of employers that cut contributions to employee retirement accounts have already resumed the match or plan to reinstate it next year. Another survey, by the Profit Sharing/401(k) Council of America, found that almost half (47 percent) of companies that suspended their employee match are planning to restore it within the first quarter of 2010. Both studies found that large employers were especially likely to restart the match. Most employers (70 percent) that expect to reinstate their retirement account match are planning to pick up where they left off, according to a recent survey of large employers by consulting firm Watson Wyatt. Other firms surveyed will reintroduce the match at a lower level (13 percent) or will vary the amount of the match based on company profits (17 percent). Robyn Credico, Watson Wyatt's director of defined contribution consulting, says: "They will give you a match, but it will depend on how well the company has done."

Tags:: 401(k),; social security,; Medicare

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As if spending your life working hard, earning the respect of others and trying at least to stay one step ahead of the Jones's wasn't enough. I am fairly certain I can identify our countries problem. The lack of imagination of today's young is a direct percentage drop in reading and social skills, the likes of which, even third world countries can not compare to. Nothing I can say or do will make the difference needed to once again be the country all others aspire to immolate. If there just wasn't so much media keeping track of it all. Just maybe the reality check will be at least one, that people can afford upon retirements doorstep. When politicians are given four years only, period. You either make a difference or be replaced. When politicians vote for what is right for all people and not what is only good for their party. When politicians stop proving to the young that it isn't what you know, but, who you know and lastly: Politicians deserve the painting society has given them being what is clearly the dregs of conscious less behavior. By not doing what is needed to better have a chance of being re-elected and not being where needed are not problems any society can take without changing the political norm. I say quit paying the polititians. Give them all four years and when done, be gone. Changes are coming and I for one do not want to get caught in the crossfire.

Artie of CA 1:40PM March 15, 2010

I agree Nona....also...Obama would make more money if he was a Car Salesman...He avoids what needs immediate action.... and blames others for his constant ill decisions & delays ...he is POWER Hungry while us Senior Citizens are FOOD Hungry ! YES....GOD help us !!!!!!

cecil of TX 6:17PM January 30, 2010

My Medicare went up 50% due to a "new law"????? SS is not enough to keep me in my home, heat/cool, food and prescriptions. Guess the heat/cool and prescriptions will have to go and I will also plan to lose some weight!!

Helen of TX 7:22PM January 22, 2010