Archive for September, 2009
Goodyear to phase out union pension plan, set up 401(k) (Business Insurance)
By admin at 30 September, 2009, 1:51 pm
AKRON, Ohio—Goodyear Tire & Rubber Co. will phase out a defined benefit pension plan covering union employees and set up a 401(k) plan under a new contract with the United Steelworkers union.
Read More >>Most Americans Living Paycheck to Paycheck, Still Contributing to 401(k) According to Survey for American Payroll … (Marketwire)
By admin at 30 September, 2009, 9:08 am
SAN ANTONIO, TX–(Marketwire – September 30, 2009) – Seventy one percent of American employees are living paycheck to paycheck, according to results released today from the 2009 “Getting Paid In America” survey. The online survey by the American Payroll Association (APA) asked respondents how difficult it would be to meet their current financial obligations if their paycheck were delayed for a …
Read More >>401(k) plans may be tweaked (St. Louis Post-Dispatch)
By admin at 30 September, 2009, 6:06 am
When the Government Accountability Office talks about preventing leakage from 401k plans, it isn’t talking about the bear market that siphoned a big gusher of money out of your account. That, presumably, would have been difficult to prevent.
Read More >>GAO Weighs How to Minimize 401(k) ‘Leakage’ (WebCPA)
By admin at 29 September, 2009, 1:12 pm
A new report from the Government Accountability Office examines how to minimize the loss in retirement savings that occurs when 401(k) participants tap into their accounts early.
Read More >>What happens to your 401(k) when you leave your job? (FundAdvice.com)
By admin at 29 September, 2009, 9:13 am
Whenever you leave a job, whether it’s your choice or not, there are many details and changes competing for your attention, and it’s easy to overlook the disposition of your employer-sponsored retirement plan such as a 401(k), 401(b) or 457.
Read More >>GAO Proposes Changes to 401(k) Hardship Withdrawal Rule (Financial Planning.com)
By admin at 29 September, 2009, 5:38 am
Noting that 15% of 401(k) participants have engaged in some form of “leakage,” that is, hardship withdrawals from their plans or failure to roll the money over when changing jobs, between 1998 and 2006, the Government Accountability Office is recommending that Congress eliminate the ban on additional contributions for six months by those who make such withdrawals.
Read More >>U.K. Stocks Decline; Hammerson, Land Securities Lead Retreat (Bloomberg)
By admin at 29 September, 2009, 3:03 am
Sept.
Read More >>Re-evaluate your firm’s 401(k) plan (Montgomery Advertiser)
By admin at 29 September, 2009, 2:13 am
If you are like most people, you stuck with your 401(k) plan, despite huge losses in the last year. However, many people dealt with their worry about investment conditions by shifting money into more conservative investments, like bonds and money market accounts. During this same time, many companies either eliminated or cut back significantly on employer matching to retirement plans.
Read More >>Top 7 tips – Cut Your 401(k) Plan’s Cost Fast And Keep More Of YOUR Money
By admin at 28 September, 2009, 8:29 pm
7 Tips on cutting your 401(k) plan’s cost fast. Free education at www.401kplanschool.com
Read More >>Senate Aging Committee Chair Says GOA Report Shows Severe Leakage of 401(k) Funds (Senior Journal)
By admin at 28 September, 2009, 3:57 pm
Sept.
Read More >>