What A Drag
July 16th, 2008
A Bundled Plan Can Cost Plenty!
The hidden charges in most bundled 401(k) plans can create a substantial drag on plan assets over time. Read More.
Benefit Strategies
A Bundled Plan Can Cost Plenty!
The hidden charges in most bundled 401(k) plans can create a substantial drag on plan assets over time. Read More.
Overview
The Pension Protection Act of 2006 (PPA) created the concept of a Qualified Default Investment Alternative (QDIA) to meet the needs of workers who fail to elect investment options for contributions into defined contribution retirement plans that allow participant investment direction. On Oct. 24, 2007, the U.S. Department of Labor issued final regulations regarding QDIAs.
The National Retirement Risk Index (NRRI) has shown that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, nearly 45 percent will be “at risk” of being unable to maintain their standard of living in retirement. Read More.
The IRS has released the final 403(b) regulations. The following summary focuses primarily on a few of the more controversial issues addressed by the final regulations, but includes highlights of other topics of particular interest as well. Read More.
Minority workers lag in saving for retirement
When it comes to retirement planning, minority workers lag quite far behind the rest of the American population, according to the Employee Benefit Research Institute’s (EBRI) - 2007 Minority Retirement Confidence Survey,¬ù yet they feel just as confident about their retirement security. Read More.
Your Payments Vary Depending on When You Claim Social Security
As you begin to consider the timing of your retirement from full-time work, the consideration of when to begin receiving Social Security benefits becomes a crucial factor.
Persuading Americans to work later could help shore up Medicare and Social Security, but the federal government now offers incentives for people to retire early, NUOnline News Service reports. Read More.