-
Last Chance to Avoid a 50% Penalty on Required Withdrawals Is April 1 for Some Retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1, 2022.
-
Consumers Have Saved More Than $100 Billion in Health Savings Accounts
Health savings accounts are growing rapidly. They are available to consumers with a high-deductible health insurance plan and have a triple tax advantage.
-
Vanguard Reclaims Top Target-Date Fund Manager Spot, Leapfrogs Fidelity and BlackRock
Until 2020, Vanguard had collected the most new investor money in target-date funds each year since 2008, according to Morningstar.
-
Americans Are Pausing Investments Because of the Russia-Ukraine War. Here's What It Could Cost Them
The ongoing Russia-Ukraine war is hurting Americans’ financial outlook, causing many to pause investing, according to a survey. Here’s why that’s a problem.
-
Vanguard Created Big Tax Bills for Target-Date Fund Investors, Lawsuit Claims
The investment manager triggered an exodus of money from target date funds that hurt some investors in taxable accounts, according to a lawsuit filed Monday.
-
Work at a Small Employer? You Likely Pay High 401(K) Fees
The largest companies have 401(k) fees half those of small businesses, according to Morningstar. The difference can amount to a lot of money.
-
Crypto Poses Serious 401(K) Risks, Biden Administration Warns
The U.S. Department of Labor warned employers that they could breach their legal duties by adding crypto investments to 401(k) plans.
-
Annuities Could Soon Qualify as a Default Investment in 401(K) Plans
Under a House measure, retirement plans would be permitted to add annuities, with certain caveats.
-
Why You May Miss the Market's Best Days If You Sell Amid High Volatility
Research shows that big market drops tend to precede large gains. If you panic-sell when stocks are down, you may miss the upside.
-
Considering a Roth IRA Conversion? Here's What Investors Need to Know to Reduce the Tax Bite
If you’re eyeing a Roth IRA conversion, there may be ways to lessen the tax bite, financial experts say. Here’s what investors need to know.
-
Target Date Retirement Funds Work Up to a Point. Here's When You May Want to Reconsider
When you start accumulating assets elsewhere or are approaching retirement, it may be worth examining whether you should part ways with your target date fund.
-
Required Withdrawals From IRAs and 401(K) Plans Are Now Based on More Generous Life Expectancy Tables. Here's What to Know
The new life expectancy tables from the IRS kick in this year, which means your required minimum distributions, or RMDs, could be smaller.
-
New IRS Rule Offers Higher Penalty-Free Withdrawals for Early Retirees
If you’re retiring early, you may now access larger penalty-free withdrawals with substantially equal periodic payments. Here’s what to know.
-
You Might Be Subsidizing a Colleague's 401(K) Fees
Many 401(k) plans use a practice called revenue sharing. And that can cause workers at the same company to pay higher fees for plan administration.
-
After-Tax 401(K) Contributions Can Be a Game-Changer for Big Savers
After-tax 401(k) contributions allow you to save beyond the annual employee deferral limits. Here’s what to know if your plan offers this feature.
-
4 Ways to Spend Your Retirement Savings — and Make Sure It Lasts
Drawing down a nest egg is harder than building it. Here are some strategies to help retirees spend with confidence.
-
Here's What's New With 401(K) Plans This Year
There are a few things you may notice that are different with your 401(k) plan, two of which address workers’ interest in having guaranteed retirement income.
-
Workers at Private Companies Have Amassed More Than $400 Million in State-Run Retirement Programs
So far, three states have automatic-enrollment retirement programs up and running for workers who don’t have a 401(k) plan. More are on the way.
-
Not Saving More for Retirement Now May Cost You Tens of Thousands Later. Here's How to Get Started
More than one-third of people admit to not having a retirement savings account. “It’s just so important to get started immediately,” one expert says.
-
Now Is Not the Time to Panic With Your 401(K) Investments. Experts Say to Make These Moves Instead
Experts caution against moving your retirement investments out of stocks amid this week’s wild market fluctuations. But that doesn’t mean you should do nothing.