Archive for October, 2009
After a layoff, what should you do with your 401(k)? (The Longview News-Journal)
By admin at 31 October, 2009, 8:39 pm
As you’re no doubt aware, the long and deep recession has resulted in the highest unemployment rate in decades. But if you’ve been laid off, or if you fear a layoff may soon be coming, you’re less interested in statistics than in your immediate financial future. How will you get by until you land a new job?
Read More >>Paydirt: Wish list for better 401(k) (Minneapolis-St. Paul Star Tribune)
By admin at 31 October, 2009, 3:05 pm
Your nest egg is looking healthier these days, but it could still use a makeover.
Read More >>401(k)’s Getting Little Respect, at Least for Now (New York Times)
By admin at 31 October, 2009, 2:05 pm
In light of recent downturns, some financial experts have declared that 401(k)’s are a poor way to save for retirement, partly because market volatility can make them so vulnerable.
Read More >>46 Percent of Unemployed in 2008 Cashed Out of Their 401(k)s (Financial Planning.com)
By admin at 30 October, 2009, 6:23 am
Forty-six percent of those leaving a job in 2008 tapped into their 401(k), maintaining an “alarmingly high” rate of people cashing in since 2005, Hewitt Associates said. Sixty-percent of those cashing in were in their 20s, and 33% were in their 50s.
Read More >>The 401(k): Don’t Believe the Hype (Nightly Business Report)
By admin at 29 October, 2009, 9:02 am
If someone made me America’s personal-finance dictator, I’d scrap the 401(k). These workplace retirement plans are inequitable, as some companies offer good ones, some bad ones and others none at all
Read More >>BS Alert! Sign of Recovery: Employers Are Resuming 401(k) Matches
By admin at 28 October, 2009, 8:16 pm
Everyone say yeah the recovery is finally here. Oh wait, did this article just mention a sign of recovery is that AMEX is matching 401Ks now? Hmmm, Didn’t there stock just fall 5.1 percent 2 days ago
Read More >>Half Of Workers Changing Jobs Cash Out 401(k) (WSB-TV 2 Atlanta)
By admin at 28 October, 2009, 6:59 pm
Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
Read More >>Half of Workers Cashing Out 401(k) Advisers keep warning about need for disciplined savings. (The Lakeland Ledger)
By admin at 28 October, 2009, 4:19 pm
By DAVID PITT THE ASSOCIATED PRESS DES MOINES, Iowa | Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers. When people cash out, a chunk of their money just disappears.
Read More >>Half Of Workers Changing Jobs Cash Out 401(k) (FOX 5 Las Vegas)
By admin at 28 October, 2009, 3:59 pm
Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
Read More >>DOL official testifies before Senate aging committee on 401(k)-type plans [10/28/2009] (U.S. Department of Labor)
By admin at 28 October, 2009, 12:33 pm
Phyllis C.
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