Some New RMD Rules Creating Confusion for Participants and Beneficiaries
Retirement plan sponsors cannot give advice, but they’ll likely get questions about distributions from inherited accounts.
Tag: IRA
Senators Introduce Enhancing Emergency and Retirement Savings Act
It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.
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FPS, iJoin Streamline Rollovers from 401(k)s to IRAs
The automated service is for accounts that have $5,000 or less.
How to Get Participants to Really Think Twice About Early Withdrawals
Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.
Taking Steps to Expand Retirement Plan Access
Between state-run plans, PEPs and moves to enhance SIMPLE plans, different entities are tackling the same problem in different ways.
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Automated Force-Out IRA Processing Now Available from iJoin, PenChecks
The firms say it can help employers, who won’t need to respond to as many inquiries from former employees about...
Benefits |
Oklahoma Looks to Create State-Run IRA
The bills introduced in the state legislature would require companies with 10 or more employees that have been in business...
Those Who Have Both a 401(k) and IRA Have Higher Savings
EBRI found individuals able to consistently contribute to both could end up with around 2.5 times more savings for retirement.
Participants Lack Knowledge About Retirement Plan Rollovers
Forty-two percent don’t even know it is possible to keep assets in a plan once one leaves an employer.
GAO Reviews Retirement Savings Leakage
The GAO interviewed retirement plan stakeholders and found several ways to stem the tide of funds leaving 401(k)s and IRAs.
Wells Fargo Suggests Various Approaches to Retirement Saving
Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X...
Years of Positive Retirement Savings Behaviors Lead to Record 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...
ICI: IRAs Continue to Serve American Savers Well
Both traditional and Roth IRAs serve Americans of all ages.
Plan Sponsors Stepping Up Their Auto Enrollment Game
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...
Brokerage Accounts, Dividends Critical Sources of Retirement Income
Together, they supply 40% of retirees’ income.
Recent Dip in Average Fidelity Account Balance Belies Long-Term Trend
Average individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book...
Procrastinating Retirement Savings Is Americans’ Biggest Financial Regret
That is followed by not saving for an emergency, and taking on too much credit card and too much student...
Americans Underutilizing Retirement Savings Accounts
Fifty-one percent are not actively contributing to a 401(k) plan, Edward Jones found in a survey.
Plan Sponsors Should Remind Participants About the Saver’s Credit
Many participants do not know about the credit, the Transamerica Center for Retirement Studies found.
Americans Confident DC Plans Can Help Them Meet Their Goals
They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.