Advisors Can Find Opportunity in 401(k)s, Fidelity Says Citing recent internal and external research, Fidelity Investments says financial advisors can boost their 401(k) business despite the tough market environment.
SHARE AWARE: Sharing Fees There is a fiduciary responsibility under ERISA to evaluate arrangements with service providers and to determine if they are reasonable.
Majority of Employers Plan to Restore 401(k) Match Within Next 18 Month As employers regain confidence, they plan to lift freezes on salaries, benefits and 401(k) matches, according to a series of reports.
Taking Advantage of the RMD Holiday for IRAs For 2009 only, the required minimum distribution (RMD) rules applicable to retirement plan withdrawals have been waived. This allows retirees to forgo a year’s distributions.
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More firms expect to restore salary cuts and 401(kMore firms expect to restore salary cuts and 401(k) matches soon) matches soon Some hope for workers who’ve suffered pay cuts or reductions in their company’s contribution to 401(k) retirement plans in this brutal recession: A growing number of employers say they’re planning to undo that damage in the next six months.
Average 401(k) Balance Rose 13.5% in Second Quarter The average 401(k) account balance rose 13.5% in the second quarter to $53,900, which was perhaps behind the trend for more investors to increase their deferral savings rate than to decrease it, Fidelity Investments reports.
Five Years of 401(k) Investments Wiped Out The average 401(k) balance is back at the level it was in 2004, according to a report by the Employee Benefit Research Institute—essentially wiping out the past five years of investing.
Nest Egg Can Get Shifted By Your Employer Employers can, and sometimes do, change an employee’s 401(k) investment options even after they’ve been made. This little-understood practice is likely to become more common.
For more information visit www.bpp401k.com
Wednesday, August 19, 2009
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1 comments:
I think that we all need some money in our retirement plans, or even to die. Our children and family will have a lot expenses, because every day the situation is worse that the previous day.
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