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Retirement Account “Finger-Dipping” Reach New Highs
Saturday, June 11, 2011 - 401k, Roth 401k and 403b plans are meant to be cashed out only during retirement, but an increasing number of individuals are “dipping their fingers” into their nest eggs during these tough economic times.
And it appears this is fast becoming...
EBRI: Working Past 65 No Guarantee for Comfortable Retirement
Wednesday, June 8, 2011 - With the recession currently weighing down the American economy, retirement is far from the minds of many people.
Working well beyond traditional retirement age, however, gives no assurances that a person will be able to retire in comfort.
The...
Kansas Municipal Employees Ponder Legal Challenge To Pension Changes
Wednesday, June 1, 2011 - A significant aspect of issues facing Municipalities across America is how to deal with growing shortfalls in pensions – caused by a variety of circumstances; funds underperforming, changes in demographics and simple increases in the longevity...
Two Senators Introduce Bill to Limit Borrowing From 401(k) Plans
Thursday, May 26, 2011 - Wisconsin Democrat Senator Herb Kohl and Wyoming Republican Senator Mike Enzi introduced the “SEAL 401(k) Savings Act” with the express intention of preventing irresponsible “borrowing” from 401(k) accounts.
Enzi argues that the bill...
Recession Woes Cast Dim Prediction for Future Income; 401(k) Retirement Plans
Saturday, May 21, 2011 - Not only will the recession affect the current finances of Americans, but is poised to affect a whole generation as well.
While unemployment has become the most dramatic and stressful result of the recession, it is the weak growth of salaries...
401(k) Balance Highest Since Data Tracking Began in 1998 – Fidelity Report
Monday, May 16, 2011 - Financial authority and funding giant Fidelity Investments have released a March 31 report on 401(k) balances indicating a national average of $74,900 – a record high value since Fidelity began tracking 401(k) investment data in 1998.
This...
