Tag: Individual Retirement Account

The annual cap rises from the previous $100,000 limit.

The updated guidance waives the excise tax for those who failed to take a required minimum distribution in 2021 and...

The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

The automated service is for accounts that have $5,000 or less.

Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.

The firms say it can help employers, who won’t need to respond to as many inquiries from former employees about...

The bills introduced in the state legislature would require companies with 10 or more employees that have been in business...

EBRI found individuals able to consistently contribute to both could end up with around 2.5 times more savings for retirement.

Katie Taylor, with Fidelity Investments, shares the reasons for the appeal and why plan sponsors should tout Roth accounts they...

Forty-two percent don’t even know it is possible to keep assets in a plan once one leaves an employer.

In the decade following the Great Recession of 2008, for participants who remained invested in their 401(k)s, overall, average balances...

The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is...

Both traditional and Roth IRAs serve Americans of all ages.

The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...

Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the...

Together, they supply 40% of retirees’ income.

That is followed by not saving for an emergency, and taking on too much credit card and too much student...

Fifty-one percent are not actively contributing to a 401(k) plan, Edward Jones found in a survey.

They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.