An exasperated investor checks his 401(k) on his tablet. If your 401(k) rode growth-oriented tech stocks to new heights in recent years, it may be time to change your investment strategy. With stock m...
Tag: 401k
Should Your 401(k) Be in an Annuity?
Index Fund Payouts for 30 Years of Retirement Index fund starting balance $100,000 $250,000 $500,000 Monthly income for year 1 $408 $1,021 $2,042 Monthly income for year 15 $636 $1,591 $3,182 Monthly ...
The Differences Between 401(k) and 403(b) Plans
Named after sections 401(k) and 403(b) of the tax code, respectively, both 401(k) plans and 403(b) plans are qualified tax-advantaged defined-contribution (DC) retirement vehicles offered by employers...
How Much Should I Really Have in My 401(k)?
How Much Should I Have in My 401(k) at 30? Saving for a financially secure retirement is a long-term project with a sometimes indistinct final objective, especially when people are just starting in th...
Crypto-Friendly 401(K) Provider Sues U.S. Labor Department for Customer Rights Infringement
San Francisco-based crypto-friendly retirement plan provider ForUsAll Inc. has filed a lawsuit against the United States Department of Labor (DOL) seeking to invalidate the department’s guidance on cr...
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The c...
Crypto 401(k) Provider ForUsAll Sues US Department of Labor
ForUsAll, a 401(k) provider with over $1.7 billion in assets under management (AUM), has sued the U.S Labor Department (DOL) for planning an investigation into companies offering crypto investment opt...
Should I name my spouse or my trust as the beneficiary as my 401(k) and IRA?
Dear Harry, I’m married and want my entire estate to go to my spouse. I have a revocable trust which will continue for my spouse’s benefit upon my death. Should I name my spouse or my trust as the ben...
Hot Off The Grill! Why Your Retirement Sizzles Like A Juicy Hamburger
getty As you celebrate National Hamburger Day (May 28th) this Memorial Day Weekend, retirement is probably the last thing on your mind. But as the sizzling aroma of those grilling burgers captivates y...
Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans
United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin into every American home’s 401(K) retirement plans. It’s a novel and bold move...
Florida Republican Rep Introduces Bill to Include Bitcoin in 401(k) Plan
47 seconds ago | 2 mins read Bitcoin News According to Donald, the Department of Labor (DOL) is limiting investors’ options. On May 5, Alabama Sen. Tommy Tuberville introduced a similar bill. To prohi...
US Lawmaker Introduces Bill To Protect Bitcoin (BTC) 401(k) Investments
A Senator from Alabama is introducing a new bill that could potentially stifle the government from restricting top digital asset Bitcoin (BTC) and other cryptocurrencies as investment options for 401(...
U.S. House Introduces Bill to Allow Bitcoin In 401(k) Retirement Plans
On Friday, Rep. Byron Donalds (R-FL) introduced a bill to the U.S. House of Representatives that would allow Americans to include Bitcoin into their 401(k) retirement plans. The bill serves as the Hou...
US House Of Representatives Member Introduces Bill To Include Bitcoin In 401(k) Plans
Representative Byron Donalds has introduced a bill focused on including Bitcoin in the 401(k) retirement plan. But the regulatory guidance released by the US Department of Labour seems to oppose such...
Americans are still saving for retirement — and becoming 401(k) millionaires
Americans may be afraid to look at their retirement accounts thanks to stock market volatility, but many investors are still staying the course, according to Fidelity Investments’ most recent data rel...
Can I turn my posttax 401(k) into a Roth?
Q.: I’m 74 and taking out the required withdrawals. Can I turn the post- tax 401(k) into a Roth so I don’t have to pay taxes? A.: Yes, sort of. How to do that varies. Though a Roth 401(k) account is a...
The Price Of Bitcoin Is Plummeting The Biden Administration Is Working To Keep Him Out Of Your 401(k) Plan (k)
The Department of Labor did not put bitcoin on a no-fly list, it does have severe concerns about the appropriateness of investing in digital assets. This means that if an employee’s 401(k) bitcoin ass...
How Can Retirees Recover Their Savings Lost During A Sudden Market Decline?
getty It’s happening right now. Just as many committed themselves to “The Great Resignation,” the market has decided it doesn’t like the prevailing economic conditions. And with that, those on the cus...
No, the markets are not panicking about inflation
If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the re...
Fidelity Will Allow You to Invest in BTC Via Your 401K
Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidel...
This little-known Vanguard fund has been crushing it — yes, even in this market
What would Jack Bogle think? The legendary Vanguard founder, who died three years ago at 89, famously advised investors to avoid anything fancy in their retirement portfolios, 401(k) plans and IRAs. B...
Sen. Elizabeth Warren Questions Fidelity’s BTC Inclusion In 401(K) Plans
Senator Warren voiced concerns about the “risky and speculative” decision taken by Fidelity to include BTC accounts in 401(K) retirement programs. Senators’ Letter Expresses Concerns Last week, Fidel...
Senator Warren challenges Fidelity over its Bitcoin 401(k) plans
Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to allow Bitcoin investments in its 401(k) plans. The letter asked the investment firm why it failed to hee...
Two US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans
Two members of the US Senate are writing a letter to financial services giant Fidelity presenting issues with the firm’s new plans to offer Bitcoin (BTC) as an option for 401(k) retirement plans. In a...
Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)
Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add cryptocurrency to their 401(k) retirement savings plan unencumbere...
Senator Elizabeth Warren Leads Inquiry Into Fidelity’s Bitcoin-Backed Retirement 401(k) Account
In the wake of the launch of a Bitcoin-focused 401(k) account- a retirement plan- in the United States by Fidelity Investments, two Senators – Elizabeth Warren of Massachusetts and Tina Smith of...
How will boomers draw down their 401(k) balances?
Recent studies have found that past generations drew down their financial assets very slowly in retirement, leaving much of their savings untouched throughout old age. This finding always seemed obvi...
Our retirement system hurts the middle class
America has a vast and elaborate system of public policies supposedly designed to help us all save for retirement and avoid the catastrophe of a penurious and poverty-stricken old age. But does this s...