Taking one giant leap forward to protect individual investors, the Department of Labor Tags:
In the wake of the Enron scandal and the credit crisis of 2008, employers have taken some steps to shore up the 401(k), the backbone of the nation’s private retirement-savings system. However, Nobel laureate Robert C. Merton says that plan sponsors and administrators have overlooked one big problem. Simply, 401(k)s are often managed with the wrong goal in mind.
In a her paper “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults” Olivia Mitchell Wharton professor of business economics and public pol
When you change employers what becomes of your 401(k) account?
If you are among those in the 401(k) “set it and forget it” crowd that rarely makes any changes to their account your 401(k) needs special attention if you have a decade or less until retirement.
When it comes to committing to save more for retirement procrastination may not be such a bad strategy. Let me explain. The traditional advice for those looking to build up their retirement accounts has been to review current expenses create a budget that reduces spending and direct those dollars into tax-advantaged savings plans like 401(k)s or IRAs.
Did you happen to catch the Frontline documentary on PBS on April 23 2013?  “The Retirement Gamble” was an hour-long no-holds barred look at the financial services industry and how specifically the behavior of traditional Wall Street brokerage firms and non-fiduciary “financial planners” has contributed to the erosion of retirement savings for millions of America
They’ve only been part of the investment landscape for three decades but 401(k) plans have grown to be the most widespread private-sector employer-sponsored retirement plan in the United States.
It’s been three decades since the 401(k) arrived on the retirement saving scene. And to celebrate the tax-deferred account’s milestone many U.S. companies that eliminated their 401(k) matching contributions during the Great Recession are beginning to restore this valuable benefit.
I always tell my clients not to leave money on the table but according to a recent 401(k) study many American employees are doing just that.