Tag Archive | "401k"

retirement, financial, money

High fees eroding 401(k) retirement accounts

Adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker’s account over a four-decade career compared with lower-cost options.

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Fidelity issues new retirement savings guidelines

By Dave Carpenter Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. In the set of age-based targets, Fidelity says employees should have the equivalent of their annual salary in savings by age 35 in order to […]

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Government: 401(k) fee disclosures may be electronic

Workers with 401(k) retirement accounts are due to receive improved disclosures about the fees they’re paying. The Department of Labor has mandated such disclosure beginning next year and said the information may be delivered electronically by email or through a secure website. Electronic delivery has been a big issue for many of the companies that […]

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Who will inherit your IRA?

Most people name a beneficiary when they open the account and designate a spouse or children. Therefore, when they die, the money goes to a spouse or the children. Sounds easy, right? (Not so fast).

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Five steps to protect your 401(k) during market activity

It’s been a harrowing ride in the stock market lately. So much so that it’s prompted scores of investors to pull money out of the market and park it in bonds or other fixed-income assets.

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Labor officials release new rules on 401(k) fees

Workers with a 401(k) retirement account will soon know exactly how much they’re paying in fees.

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