Christine Benz, author of “30-Minute Money Solutions,” tells Jill Schlesinger how to spot a bad 401(k) – and what to do if your company plan is not up to par.
AP Personal Finance Editor Trevor Delaney answers a question regarding the new rules surrounding minimum distribution rules for retirees. E-mail your questions to yourmoney@ap.org (Jan. 27)
With the rise of 401(k) plans as a primary vehicle for retirement savings, many people may be wondering how to incorporate the (often) limited investment choices in their 401(k) with their overall investment plan. Joe Goldberg, director of retirement plan services for Buckingham Asset Management, explains how investors can integrate their 401(k) into the overall plan.
www.cakefinancial.com Government guidelines specify the maximum you can contribute to a 401(k) plan— 500 in 2008. But there’s one major exception to this rule—the catch-up contribution. If you’re a young worker, you have decades to save for retirement. But if you’re older and are just starting now, saving for retirement may seem like a lost cause. To help, the government lets older works contribute a little bit more to their 401(k) plans. If you turn 50 before the end of a calendar year, you’re eligible for a “catch-up contribution.” How much? In 2008, you can contribute an additional 00, making you eligible for a total contribution of 500. In 2009 and after, catch-up contribution limits will be indexed for inflation. Your plan administrator or employer can provide you with details. Join Cake Financial today for FREE! http
With the economy on the fritz, it’s only natural for people to want to withdraw from their retirement accounts to have extra cash on hand. But is the smartest thing to do? Host Bridget mcmanus discusses that exact question in this Q&A episode of “The Jam.”
Successfully investing 401(k) assets requires only a systematic application of basic money management concepts. Applying those simple basics can dramatically improve results over those achieved by the average 401(k) participant. twitter.com/pensiondynamics
Julian Onorato, CEO of expertplan, Inc., testifies at a hearing regarding the 401(k) Fair Disclosure for Retirement Security Act of 2009 on April 22, 2009.
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Rep. Rob Andrews, chair of the Subcommittee on Health, Employment, Labor, and Pensions, delivers his opening statement at a hearing regarding the 401(k) Fair Disclosure for Retirement Security Act of 2009 on April 22, 2009.