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401(k) news How doing these three (only 3!) things can turn your retirement
How doing these three (only 3!) things can turn your retirement into a dream instead of a nightmare Kim Kirmmse Toth lcsw As baby boomers, we do have a reputation for doing things our own way. It appears it's been that way since the day we were born. Not that there is anything wrong with that! I call is being CREATIVE. I know for a fact that I will not be retiring at 65 years old and getting that gold watch like my Gramps ... Vesting and Your 401(k)
Vesting and Your 401(k) by Matthew C. Keegan Do you have a 401(k) retirement account? Are you vested yet? Before you move on to your next job, it is critical for you to find out if you are fully vested in your retirement account before you make the move. If you are not, you could lose hundreds if not thousands of dollars in employer contributions. Vesting refers simply to the non-forfeitable percentage of your account's assets. In other words, whatever you ... With Increased Job Mobility, the 401(k) Rollover Market is Poised to Take Off in the United States
With Increased Job Mobility, the 401(k) Rollover Market is Poised to Take Off in the United States DUBLIN, Ireland--(BUSINESS WIRE)--Sept. 27, 2005--Research and Markets (http://www.researchandmarkets.com/reports/c24844) has announced the addition of 401(K)S and Other Defined Contribution Plans in United States to their offering. With fewer and fewer employers providing defined benefit plans, the defined contribution plan has become one of the primary ... Nearly Half of U.S. Workers Participate in a 401(k) or 403(b) Plan, According to a New Wall Street Journal Online/Harris Interactive Personal Finance Poll
Nearly Half of U.S. Workers Participate in a 401(k) or 403(b) Plan, According to a New Wall Street Journal Online/Harris Interactive Personal Finance Poll Substantial numbers likely to participate in an age-dated mutual fund or a Roth 401k/403b if made available to them A new Wall Street Journal Online/Harris Interactive Personal Finance Poll finds that only one-third (34%) of U.S. workers(1) expect to ... Experts: Roth IRA Trumps 401k
Experts: Roth IRA Trumps 401k September 28, 2005 Consumers saving for retirement are usually told to "max out" their 401k plans to amass the most money. But at least one group of personal finance experts says aging baby boomers would be better off putting that money into a Roth Individual Retirement Account. Research done by Consumer Reports Money Adviser, the personal finance newsletter published by the ... Be like Bill: Put money in a 401(k) now
Be like Bill: Put money in a 401(k) now By: GEORGE CHAMBERLIN - For the North County Times He's the wealthiest man in the world ---- worth more than $50 billion ---- and he still doesn't think he has saved enough for retirement. Bill Gates has built his fortune on the success of Microsoft, the software company he founded in 1975. He owns more than 1.1 billion shares of company stocks, which accounts for the vast majority of his wealth. ... Time to Take Control of Your Pension
Time to Take Control of Your Pension By TONY HAZELL PAYOUTS on with-profits pensions have fallen by 38pc in just three years according to new research. But returns from unit-linked policies, the other main insurance based savings scheme offering a more direct link to the stock market, are even worse. The analysis published by data analyst Money facts this week underlines what a pig's ear the insurance industry has ... Online Brokers Are Still Hungry
The BrownCo acquisition marks the second purchase in as many months for E*Trade, but the dealmaking in the industry probably isn't over "Big fish buys smaller fish" has become a common headline in the online brokerage business these days. So E*Trade Financial's (ET ) announcement on Sept. 29 that it plans to buy BrownCo from JPMorgan Chase (JPM ) for $1.6 billion shouldn't come as much of a surprise. Faced with weak trading volume and excess capacity, e-brokers ... Yahoo business ethics sorely lacking
Yahoo business ethics sorely lacking The latest news that Yahoo turned over private emails to the Chinese government which led to the conviction and ten-year sentence of Shi Tao, an editorial department head at the Contemporary Business News in China's Hunan province turns my stomach. Yahoo claims, according to Dan Nystedt , at the IDG News Service, "Just like any other global company, Yahoo must ensure that its local country sites must operate within the laws, ... 401(k) Plan Participants May Have More Options in 2006
401(k) Plan Participants May Have More Options in 2006 The new Roth plan could benefit more workers. By Giselle Abramovich, Money Management Executive September 22, 2005- What's good for an IRA is good for a 401(k). That was the thinking behind the new Roth 401(k) that takes effect on Jan. 1, 2006. On March 2, the Internal Revenue Service's treasury division issued a proposal to expand the 401(k) retirement plan by adding a Roth feature. Soon, 401(k) Roth ... Fidelity COO pushes model for hiking 401(k) participation
Fidelity Investments, the world's largest mutual fund company, said Wednesday that in January it will take steps to increase its own employees' participation in its defined contribution plans. The initiative, discussed by Fidelity chief operating officer Robert Reynolds following a speech before the Greater Boston Chamber of Commerce, is part of a broader campaign by the company to raise involvement in work place retirement plans beyond the Boston company's doors. Broader Access To Hardship Distributions And Loans From Retirement Funds For Victims Of Hurricane Katrina
21 September 2005 Article by George H. Bostick, Adam B. Cohen, Ian A. Herbert, Carol T. McClarnon, Alice Murtos, Robert J. Neis, W. Mark Smith, William J. Walderman, Carol A. Weiser, Brendan M. Wilson & Walter H. Wingfield. On September 15, the IRS issued Announcement 2005-70, which expands the availability of hardship distributions and loans from specified qualified retirement plans, such as 401(k) plans, for victims of Hurricane Katrina and, in certain cases, their family ... Fidelity calls for automatic enrollment in 401(k)s
By Andrew Caffrey, Globe Staff | September 22, 2005 Fidelity Investments wants corporate America and its workers to do a better job saving for retirement, and it's starting with its own house. Beginning Jan. 1, all Fidelity employees will automatically be enrolled in the company's 401(k) retirement plan, a move designed to prod the small percentage of the company's 32,500 employees who haven't yet started a nest egg at work. ''If you force that on ... More workers in retirement plans, study says
More U.S. workers were offered, participated in and were vested in a retirement plan in 2003 than five years earlier, according to a study released Wednesday by the Employee Benefit Research Institute in Washington. The growth applied to workers in both the private and public sectors. Among EBRI's findings, which examined the most recent federal data, were: 63% of workers age 16 and over worked for an employer or union that sponsored a retirement plan in 2003, up from ... Retirement rush threat to Delta pilot pensions
ATLANTA -- A continuing exodus of Delta Air Lines pilots has drained the pension plan to the point where future lump-sum payouts to retirees by the bankrupt carrier may be in jeopardy, according to the union. The chairman of the pilot union's executive committee, John Malone, said in a letter to members Tuesday night there is a significant likelihood that lump-sum payments will not be immediately available to pilots who are considering retirement on or after Oct. 1. U.S. ban on Japanese beef continues
SEP. 20 2:35 P.M. ET Angry with Japan for refusing to lift a mad cow-related ban on U.S. beef, senators retaliated Tuesday by voting to retain a ban on Japanese beef. Once the biggest customer of American beef, importing more than $1.5 billion's worth in 2003, Japan has refused to allow the purchase of U.S. beef since the first U.S. case of mad cow disease was confirmed in December 2003. Last fall, Japan agreed to lift the ban but still hasn't done so. In June, U.S. ... Focus on one growth fund near retirement; Withdrawl from 401k for medical expenses
AP DataFeatures Midland Reporter Telegram BY ERIC TYSON Investors Guide Q: I began investing in mutual funds late in life (in 1997), and since I will be retiring from teaching -- probably next year -- I have been putting as much as I can in my 403B account, Vanguard Growth Index. I now have $59,000 in that fund. In addition, I have about $7,000 in Vanguard Wellington, about $7,500 in Vanguard 500 Index, and about ... A few reasons to celebrate this 401k Day
It's hard to believe, but the 401k plan as we know it first appeared in 1981. Yet it seems like it's been around for much longer with the importance it has on our financial life. More and more Americans depend on their 401k for the most of their retirement savings than ever before. This uniquely American retirement plan gives you the independence to create your own game plan and decide your own investment options. And, since we all are likely to change jobs several times throughout our career, ... Many unprepared to manage 401k
WASHINGTON, DC, United States (UPI) -- For many U.S. employees, their largest single financial asset is their 401k plan, but many admit they`re not prepared to manage their funds. A Hewitt Associates survey of more than 2.5 million employees eligible to participate in 401k plans indicated many workers aren`t making smart investment decisions or taking time to adjust their holdings as they grow older or market conditions change, reported the Pittsburgh Post-Gazette Sunday. FBI: Former administration official obstructed lobbyist probe
Budget aide allegedly hid ties to Abramoff Tuesday, September 20, 2005; Posted: 9:42 a.m. EDT (13:42 GMT) WASHINGTON (AP) -- A former Bush administration official was charged with making false statements and obstructing a federal investigation into his dealings with lobbyist Jack Abramoff, court records and officials said. David Safavian was chief of staff of the General Services Administration, when he accompanied Abramoff on a golf trip to Scotland in ... Soaring Natural-Gas Prices
Soaring Natural-Gas Prices Point To Record-High Electricity Costs By REBECCA SMITH Staff Reporter of THE WALL STREET JOURNAL September 16, 2005; Page A1 While many consumers have focused in recent weeks on the high price of gasoline, utilities are grappling with enormous natural-gas bills that threaten to push another form of energy, electricity, to unprecedented price levels. Even before Hurricane Katrina, the price of natural gas had ... Google IPO Revisited
Google IPO Revisited: Insiders Got Choice Other Sellers Didn't When Offering Price Was Cut, Some Sold Fewer Shares; Others Had to Sell More Filling Out the 'Green Shoe' By KEVIN J. DELANEY Staff Reporter of THE WALL STREET JOURNAL September 16, 2005; Page A1 When Google Inc. announced plans to go public last year, its founders stressed that this was no conventional company. Its official philosophy was "Don't be evil." It ... Advent seeks derivative-related investments
NEW YORK (Reuters) - Private equity company Advent International is seeking opportunities in firms specializing in niche investment instruments like derivatives, seen as a growth area, its managing director said on Friday at the Reuters Hedge Funds Summit. Advent, which has nearly $3 billion under management, made some of the earliest private equity investments in electronic trading platforms. It was an investor in the Island electronic communications network (ECN), which merged ... Gauge of economy slips
NEW YORK (Reuters) - A jump in initial jobless claims after Hurricane Katrina caused a leading index of the U.S. economy to slip in the latest week, a report said on Friday. The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index edged down to 135.3 in the week ended September 9 from a downwardly revised 135.8 in the prior week. The index's annualized growth rate eased to 2.9 percent from 3.1 percent. This is ... OPEC ready to pump more oil
By Peg Mackey LONDON (Reuters) - OPEC ministers look set to raise oil supplies when they meet in Vienna next week with prices near record highs and consumer nations calling for more crude. The Organization of the Petroleum Exporting Countries may agree to boost output by at least 500,000 barrels per day (bpd) at the two-day meeting starting Monday in the Austrian capital. But with world markets awash in crude oil and the cartel already pumping nearly flat out, ... Stocks rise after Exxon, Intel upgrades
By Jennifer Coogan NEW YORK (Reuters) - U.S. stocks rose on Friday after brokerage upgrades of Dow components Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) and Intel Corp. (INTC.O: Quote, Profile, Research) boosted blue chips and helped end a three-day losing streak on the Nasdaq. Deutsche Bank raised its rating on Exxon Mobil to "buy" from "hold," saying oil supplies are likely to remain tight over the coming year. Exxon Mobil shares climbed 2 percent to ... Japan's electronics firms urged to merge
By Lucas van Grinsven TOKYO (Reuters) - Japan's fragmented electronics industry, under attack from low-cost Asian competitors and hamstrung by its own pride, must consolidate if it is to achieve respectable levels of profitability, analysts and industry executives said. The operating profit margin of Japan's top 10 electronics makers in 2004 was a mere 2.8 percent on hundreds of billions of dollars of sales, and has been stuck at low levels for years. Top ... Take charge of your 401(k) plan
Take charge of your 401(k) plan 09/06/2005 One of the best ways to boost your retirement savings is to contribute to a 401(k) plan. These plans are self-directed, which means you are responsible for choosing how your funds are invested and for managing your plan. The choices you make impact the return you get at retirement. To help you take charge of your 401(k) plan, the following offers answers to several frequently asked ... Many unprepared to manage 401k
Many unprepared to manage 401k Sep 5, 2005, 3:40 GMT printer friendly email this article WASHINGTON, DC, United States (UPI) -- For many U.S. employees, their largest single financial asset is their 401k plan, but many admit they`re not prepared to manage their funds. A Hewitt Associates survey of more than 2.5 million employees eligible to participate in 401k plans indicated many workers aren`t making smart investment ... Picking Mutual Funds to Outperform the Market
With over 6,000 mutual funds available, it may be tempting to pick funds from a popular star or index rating system. Savvy investors, however, balance multiple factors in their selection process. Ratings represent only the historical performance of funds and cannot predict the future. Performance consistency, management skill, and expense limitations are among the many factors that influence a fund’s prospects. Each must be carefully evaluated to improve your chances of finding a fund to ... |
On the web: Home sweet loan: Using a 401(k) loan for a down payment (Belleville News-Democrat)Faced with a real estate market that has tightened up lending standards at a time when home values are dropping, more people are borrowing money from their 401(k) retirement plans to help swing a down payment to buy a home. More people strapped for cash are eyeing their 401(k) accounts out of sheer desperation. Consider all the angles. (Bankrate.com)More people strapped for cash are eyeing their 401(k) accounts out of sheer desperation. Consider all the angles. How To Cure An Ailing 401(k) (Investopedia)Ever since their inception in the mid-1970s, 401(k) plans have provided employees around the country with a platform for saving for retirement. It used to be that companies, by way of traditional pensions, assumed most of the responsibility for saving for employees' retirement. Vanguard Study Finds Pension Protection Act Boosts Auto Features in 401(k) Plans (Centre Daily Times)More employees were put on the path to retirement security in 2007 by employers adopting automatic savings and investment solutions in their retirement plans, according to How America Saves 2008, a comprehensive report on defined contribution retirement plans released today by Vanguard. SUZE ORMAN: Rule will allow 401(k) owners to look behind the curtain (Detroit Free Press)In late July, the Department of Labor announced a proposal that will require every 401(k) plan to show participants the performance and annual costs of the funds offered in their plan. As millions of 401(k) participants know, that very basic information is often hard to find or nonexistent. Employers fatten 401(k)s, poll finds (Fort Wayne Journal Gazette)CHICAGO – Corporate America might have turned its back on traditional pensions, but it appears to be embracing 401(k)s more than ever. Using 401(k) retirement for downpayment (The Post and Courier)Faced with tightened lending standards at a time when home values are dropping, more people are borrowing money from their 401(k) retirement plans to help swing a downpayment to buy a home. Young workers show poor commitment to save (MSNBC)Fidelity says large numbers of young workers cash out their 401(k) accounts when they switch jobs, leaving them without an accumulation of cash for retirement. Schnurman: Borrowing from your 401(k) can be smart, not crazy (Fort Worth Star-Telegram)The key is being savvy and disciplined. Vanco Energy Company Rewards Rock Solid Images with a 3-Year Contract for Rock Physics and Seismic Inversion Studies (Centre Daily Times)Rock Solid Images, a member of the OHM Group, announces today that the company will provide technical services including rock physics modeling, well and seismic data conditioning and prestack reservoir property inversion to Vanco Energy Company. Studies are currently underway in Vanco's Cote d'Ivoire blocks CI-101 and CI-401 and the Corisco Deep, Block K, Equatorial Guinea and will be extended ... |
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