Three renowned Senators Dick Durbin, Elizabeth, and Tina Smith came together for critiquing Fidelity’s 401(k) retirement scheme. Senator Dick Durbin of the United States has joined the Labour Depart...
Tag: 401k
Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.
In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve saved for years in a 401(k) plan, you’ll want to know how — or whether — to roll...
Will you outlive your 401(k)? New rules calculating lifetime income have some flaws.
You probably have money saved up for retirement in a 401(k) plan, but do you have any idea how long that money will last? Or how much it would provide each month in retirement? Probably not — until no...
Fintech Startups Move in Amidst Rising Interest in Fidelity Bitcoin 401(K)
Fidelity Investments said they have seen strong interest from employers in their Bitcoin 401(k) offerings, so fintech startups have started emerging to meet the demand. Fidelity said in a statement th...
Fidelity Sees Strong Demand for Bitcoin in 401(k)
A few months after Fidelity Investments integrated digital asset accounts (DAA) to its 401(K) retirement savings accounts, enabling employees to add bitcoin (BTC) to their accounts, the leading financ...
How Does Your 401(k) Compare to the Average?
When it comes to your retirement accounts, comparing how much you have saved compared to the national average can help you benchmark your savings. For most employees, their 401(k) holds a significant ...
A psychologist’s 5 steps to stop panicking about your 401(k)
In the fall of 2008, when global stock markets were imploding, I happened to be in New York. I switched on the TV in my hotel room and saw financial commentator Suze Orman on Larry King Live. She took...
These Hidden Fee Differences Could Cost You Thousands After a 401(k) Rollover
Smart Asset: These Hidden 401(k) Rollover Fees Could Cost You Thousands Many employees roll over their 401(k) plans into individual retirement accounts (IRAs) when they leave their jobs to avoid immed...
Retirement account balances hit a record high last year. Here’s how much the average 401(k) investor has saved at every age
Last year was a banner year for retirement savings: Individuals with retirement accounts broke new savings records, according to Vanguard. In fact, the average Vanguard account balance for defined con...
Watch out — this one mistake could cost you thousands when you rollover your 401(k) to an IRA
Here’s a pro tip that can hardly be said often enough. When you change jobs and you think about rolling over your old company’s 401(k) to an IRA…watch out for all the extra fees. “Thousands of dollars...
Here’s how to recession-proof your 401(k)
Can your 401(k) weather a recession? Economists are warning one is on the horizon. If you’re anything like me, you probably haven’t looked at your 401(k) balance in a while — but for good reason. I kn...
Should You Roll Over Your 401(k) to an IRA? It Can Cost You Tens of Thousands.
Text size Retirement savers would do well to check the fees on fund holdings in 401(k) accounts held at former employers before rolling over to an IRA. Workplace savings plans tend to have more favora...
3 big problems with Congress’ new retirement reforms
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the meas...
What is the optimal amount to contribute to your 401(k) plan?
Finding the optimal 401(k) contribution can be a boon to your retirement savings. / Credit: / Getty Images There are many types of retirement accounts out there, but the 401(k) may just be the most co...
Big Changes to 401(k) Retirement Plans Get Closer With Senate Vote
Americans could wait longer to start emptying retirement accounts and face fewer restrictions on emergency withdrawals under a bill advanced unanimously Wednesday by the Senate Finance Committee. The...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
US Labor Department Witnesses Condemnation Over 401(k) Bitcoin Plans
Along with the support from Coinbase and Block, The Crypto Council For Innovation (CCI) is criticizing the US Labor Department due to its previous guidance in March. It warned consumers about the dang...
U.S. Department of Labor Faces Scrutiny on Bitcoin 401(k) Plans
The U.S. Department of Labor is receiving pushback from an industry initiative, requesting it rescind its previous guidance on including crypto in 401(k) plans. The Crypto Council for Innovation (CCI)...
Why retiring this year could be a ‘worst-case’ scenario
This is an urgent update for anyone who has recently retired, or who is hoping to retire shortly, and who was expecting to follow one of those simple, time-tested rules for spending down their money d...
Scared to check your 401(k) as Dow tumbles? Here’s when you should look — and when you shouldn’t
To look or not to look. That’s the question when people consider checking the balances in their investment and retirement accounts. Maybe ignorance is bliss amid a volatile stock market’s recent seque...
US House Wants Assessment of Crypto Investment in 401(K) Accounts
The U.S. House of Representatives has asked the government to look into the addition of crypto to 401(k) retirement plans. It cites volatility and a lack of oversight as concerns for inclusion. The Ho...
3 moves retirement savers can make now to profit from the stock market turmoil
Every crisis is an opportunity. The massive turmoil on financial markets so far this year is no exception. Here are three things that every middle-class American can do with their 401(k), IRA or other...
Is now a good time to do a Roth IRA conversion?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. A...
‘Every month I express my concerns to my adviser, but he says not to worry.’ My 401(k) has lost over 20% and I can’t afford to lose that kind of money. Is it time to find a new adviser?
Every month I express my concerns to my adviser, but he says not to worry and that it will bounce back. Getty Images Question: My 401(k) was doing ok for a while, but since January of this year it has...
Yellen doubts crypto’s place in 401(k), says Congress could regulate
The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress. Dur...
‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)
I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...
Using Bitcoin for 401(k) and as Store of Value Is Wonderful Idea: Senator Cynthia Lummis
Yuri Molchan Senator Cynthia Lummis believes Bitcoin should be included in 401(k) retirement program in US During an online interview with CNBC host Andrew Ross Sorkin, two U.S. senators who introduce...
Have retirement savers been fooled by the bull market?
Today in Weird Retirement News: 75% of those currently saving through a workplace plan, such as a 401(k), are apparently expecting to make it through their entire golden years without even having to t...