A new regulation issued by the U.S. Department of Labor goes into effect at the end of January. Employers will be allowed to put politics over profits by favoring ESG-friendly options when choosing in...
Tag: 401Ks
Efforts to keep workers from cashing out their 401(k)s gain steam
A provision in President Biden’s new legislation aims to keep workers from cashing out their 401(k) when they move from one job to another, building on a similar effort launched last year by the...
Hardship withdrawals from 401(k)s reach ‘concerning’ all-time high, Vanguard says
Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of the approxima...
Tax Changes Boost Retirement Contribution Limits For 401(k)s, IRAs In 2023
High inflation in 2022 has increased income limits and contribution amounts for IRAs and 401(k)s as … [+] well as other retirement plans in 2022 (Photo Illustration by Scott Olson/Getty Images) ...
Senators Once Again Ask Fidelity to Stop Offering Bitcoin in 401(k)s
Three US Senators have urged Fidelity to stop its 401(k) sponsor partners from offering bitcoin exposure — likening crypto investing to “catching lightning in a bottle.” In a Monday letter penned to F...
The employee contribution limit for 401(k)s will now jump to $22,500 for 2023 — the largest-ever hike due to inflation. Here’s how that really helps your retirement goals
The employee contribution limit for 401(k)s will now jump to $22,500 for 2023 — the largest-ever hike due to inflation. Here’s how that really helps your retirement goals Big earners who are big...
Nearly Half of Younger People Want Crypto Exposure in 401(k)s, Schwab Study Says
46% and 45% of Gen Z members and millenials, respectively, said they wish they could invest in crypto via their 401(k)s Outside of 401(k)s, 25% of respondents said they are investing in crypto as a me...
401(k)s Shouldn’t Be Neglected When Switching Jobs. Here’s What to Consider.
Many workers changing jobs in the wake of the pandemic—whether it’s for more money, better advancement opportunities, or flexible scheduling—risk overlooking one important factor: their retirement sav...
How to Minimize Your Heirs’ Tax Burden on Inherited IRAs and 401(k)s
The stretch-IRA strategy largely went away after the Secure Act of 2019, leaving heirs less maneuverability on taxes. Financial pros have some solutions. Illustration by Barron’s: Dreamstime(5) ...
How the Super Rich Use 401(k)s
A 401(k) plan can be an important part of a retirement savings strategy. Contributions can reduce taxable income for the year and grow tax-deferred. Meanwhile, employees can collect free money in the ...
The Future Of Investing: Fintech 50 2022
Jannick Malling and Leif AbrahamPUBLIC.COM Reported by Jonathan Ponciano and Hank Tucker Looming interest rate hikes, Russia’s war on Ukraine and spiking inflation have wreaked havoc on the stoc...
How does the big change coming to 401(k)s impact my retirement plans? Here’s what you need to know about the accounts vs. Roth IRAs
How does the big change coming to 401(k)s impact my retirement plans? Here’s what you need to know about the accounts vs. Roth IRAs As with other major financial matters in your life, it pays to...
Fidelity Lets Customers Fund Their 401Ks with Crypto, but Not Everyone’s Happy
Not long ago, Fidelity Investments announced that customers would be able to invest in crypto like bitcoin through their 401Ks and retirement accounts. In addition, several businesses offering 401Ks t...
U.S. House Introduces Bill to Allow Bitcoin in 401(k)s
Key Takeaways Rep. Byron Donalds has introduced a bill that aims to ensure that Americans can include Bitcoin in their 401(k) plan. The bill is the House companion to the Financial Freedom Act, a bill...
Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s
The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two senators flagging some issues in Fidelity Investments’ plans to include Bitcoin (BTC)...
Labor Department Skeptical of Fidelity’s Bitcoin 401(k)s
Key Takeaways The assistant secretary of the Employee Benefits Security Administration at the U.S. Department of Labor has noted his agency’s major worries with Fidelity permitting Bitcoin in it...
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...
‘They all promise to help’ but no financial adviser seems to offer what I need. I have two 401ks, Roth accounts and real estate, and want a one-time plan for managing my money myself. Can you help?
Looking for a financial planner who works for a flat fee? Here’s some advice on how to do it. Getty Images Question: I have done a lot of research to find a fiduciary, but the bottom line is I have ye...