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401(k) news Gain More Control of Your 401k - What It Can Mean to Your Future
Points to ponder as you consider what can be done to maximize your 401k returns: 1.Are You Maximizing Your 401k Returns? 2.Is Your Plan Working Efficiently? 3.Do you need to Maximize Retirement Income? 4.Do you want Simple but Powerful Strategy to Increase Your Retirement Wealth? For most people their 401k investment strategy is to "set it-and-forget it". This mindset has long been in existence and has been ... Are you getting the most out of your 401K?
Perhaps a better question would be – Are you putting in the most into your 401K so you can get the most out of it? First off – if your employer offers a 401K, run, don’t walk to your Human Resources department and immediately sign up for it. You will have to fill out some forms for an automatic withdrawal and have to choose where your investment will be, but it should be relatively painless. You really want to ensure that you are getting the maximum that your ... |
On the web: Candidates Present 401(k) and Small-Business Plans (New York Times)Senator John McCain proposed a temporary reprieve from a rule forcing investors to withdraw from their 401(k)?s and I.R.A.?s after the age of 70. Quarterly Mutual Fund Guide: Plan now to fix your 401(k) (USA Today)Survey the damage to your 401(k) and then adjust to your retirement investment goals. McCain proposes 401(k), IRA changes (UPI)LA CROSSE, Wis., Oct. 10 (UPI) -- John McCain Friday proposed suspending the requirement that investors must start selling off IRAs and 401(k)s soon after age 70 during a speech in Wisconsin. McCain urges suspension of forced 401(k) pullouts (San Jose Mercury News)Sen. John McCain proposed Friday that investors should be given a temporary reprieve from a rule forcing them to withdraw from their 401(k)s and IRAs after age 70, so that they might be shielded from the devastating plunge of the stock market in recent weeks. Local investors fret over 401(k) losses (Greensboro News & Record)GREENSBORO — George Rettie didn't take the bad news well. “It was kind of devastating,” Rettie, a woodworker at a local building supply company, said Friday. “(But) I didn't break down and cry or anything. I'm thinking, we need to put a plug in this leak.” Rettie, 59 and single, had just read his most recent 401(k) statement. He suddenly feared that his nest egg would turn into a goose egg. ... Dreading your 401(k) statement? (The Journal News)Dreading your 401(k) statement? Have you watched the stock market gyrations with worry? Are you waiting for the mail carrier to bring the bad news, or have you checked the Web to find out the damage? UPDATE: Congressmen Want Easing Of 401(k) Rules For Retirees (Nasdaq)(Updates top seven paragraphs with details of proposals for 401(k) accounts, comments.) WASHINGTON -(Dow Jones)- Two U.S. Representatives requested Friday that the Treasury Department ease tax regulations on 401(k)-type accounts for those 70 and over. 2nd UPDATE: US Reps Want Easing Of 401(k) Rules For Retirees (Nasdaq)WASHINGTON -(Dow Jones)- Two U.S. Representatives requested Friday that the Treasury Department ease tax regulations on 401(k)-type accounts for those 70 and over. McCain proposes 401(k), IRA changes (Moldova.org)John McCain Friday proposed suspending the requirement that investors must start selling off IRAs and 401(k)s soon after age 70 during a speech in Wisconsin.My friends, we have to protect investors, especially those relying on their investments for retirement, the Republican presidential nominee said during a campaign event in La Crosse, Wis.Current rules require that investors begin dissolving ... Statement Shock Hits 401(k)s (WallStreet Journal via Yahoo! Finance)The market downturn has wreaked havoc on workers' retirement savings and raised more questions about 401 plans, which were already under intense scrutiny. |
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