You can save on taxes while saving for retirement by using an IRA or a 401(k). But deciding the best account is not always straightforward. There’s also the Roth option for both, meaning four choices,...
Tag: 401k
Your 401(k) Statement Will Soon Have Lifetime Income Estimates. What to Know.
Participants in 401(k)s should begin seeing a “lifetime income illustration” on their statements this year, getting an estimate of how much guaranteed monthly income their current account balance woul...
Your 401(k) Could Soon Get a $10,000 Catch-up Boost
secure act catchup contributions The SECURE Act 2.0 – a follow up to the 2019 bill that made myriad changes to the way Americans save for retirement – passed in the House this week, meanin...
Bill extending 401(k) withdrawals and boosting auto-enrollment in retirement accounts passes House
Americans may have more help in the fight to save for retirement after the U.S. House on Tuesday overwhelmingly passed a bill that aims to bolster workplace plan options. The House passed the Securing...
Retirement-Reform Bill Could Slash Taxes
Congress is working on some major revisions to the 2019 law that overhauled retirement tax rules for older Americans – and the changes could mean big savings for your investment portfolio and nest egg...
Are Commodities Right For Your Retirement Portfolio?
getty Higher prices returned with a vengeance in 2021. During such bouts of inflation, commodities tend to do well. Last year the S&P Goldman Sachs Commodity Index (GSCI) earned 37.1%, far exceedi...
More than 70% of savers are worried that inflation will affect their ability to retire
Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months. And the federal government’s own “inflation protected” bonds, which were designed to...
Opinion: Top investors dump stocks — why that might mean you should buy
Well, here’s some cheerful news for all of us with a retirement portfolio: The geniuses running the world’s biggest investment funds have panicked and have bailed out of the market. If that’s not a go...
US Labor Department Urges Caution over Crypto Investment in 401k Retirement Plans
The U.S. Department of Labor (DOL) on Friday warned employers and retirement plan providers to “exercise extreme care” before they consider cryptocurrency into their investment option for plan partici...
U.S. Labor Department ‘is right’ about 401(k) warning
The recent U.S. Labor Department (DOL) warning to fiduciaries who offer cryptocurrency investments inside 401(k) plans makes sense, one crypto executive told Yahoo Finance. “I think that the Departmen...
Biden’s Labor Department Has Big Worries About Crypto In 401(k)s
Business And Finance Concept Of 401k Investments Growing In Equity Do To A Bull Market Trend getty The U.S. Department of Labor came out this week with an unusually strong warning about cryptocurrenci...
US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans
The Labor Department said crypto presents “significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft and loss.” It highlighted as reasons specu...
Department of Labor cautions against crypto in 401k plans
advertisement The US Department of Labor published a notice Thursday saying it will conduct an investigative program aimed at retirement plans offering crypto. The agency advocated retirement managers...
Crypto poses serious 401(k) risks, Biden administration warns
Xinhua News Agency | Xinhua News Agency | Getty Images Cryptocurrencies, such as bitcoin and other digital assets like non-fungible tokens, pose “significant risks and challenges” to 401(k...
The Role of Stable Value Funds in Your 401(k)
During periods of market turbulence and low-interest rates, many investors struggle to find investment alternatives that aren’t getting hammered. But people saving for retirement may be pleasant...
401(k) Retirement Planning: How To Save $3 Million
Looking to turbocharge your retirement planning? Here’s how to save $3 million in your 401(k) account and in your additional retirement accounts. X First of all, why $3 million? Members of 401(k...
Here’s Why Your 401(k) Savings Are Mysteriously Increasing
401k default savings rates The data is in: 401(k) savings have hit record levels. Profit-sharing and 401(k) plans enjoyed more participation than ever before–all despite the negative impact of the COV...
408(k) Plans vs. 401(k) Plans
SmartAsset: 408(k) Plans vs. 401(k) Plans The 401(k) retirement plan is the most widely known and used employer-sponsored retirement plan. The 408(k) is another type of employer-directed retirement pl...
Moved On From Your Job? Here’s What to Do With Your Old 401(k), and Why to Do It
Dreamstime Text size Editor’s note: Barron’s Retirement readers have sent along many questions about their savings, investments, and strategies over the past few months as everything from the record-b...
The Self-Directed 401(k) and IRA
The self-directed individual retirement account (SDIRA) is for investors who are determined to go beyond the usual investments that are available for retirement accounts—way beyond, in some cases. Sel...
Opinion: ‘Better than a 401(k)’? Scammer blew through more than $5 million of investors’ money earmarked for retirement
According to the Securities and Exchange Commission, Marco “Sully” Perez of Midland, Texas, used to tell his clients that his investment scheme was better than a 401(k). Now the U.S. District Court in...
Here Are 3 Things 401(k) Millionaires Should Consider Before Retiring Early
Martinmark/Dreamstime Text size For the record number of 401(k) millionaires minted during the pandemic, retirement may be tempting but the market volatility late last year offers a lesson: Paper weal...
Pensions May Actually Be Cheaper For Employers Than 401(k) Plans
pensions 401(k) With a few notable exceptions, the age of pensions is largely over in the U.S., with traditional defined benefit plans mostly being replaced by defined contribution retirement vehicles...
Opinion: Russia just made a case for owning gold—and nobody noticed
Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliame...