On March 7 RLTV will broadcast a special report on the changing nature of retirement in the US, in particular the impact of the current economic climate on retirees.
Merrill Edge, a division of Bank of America Merrill Lynch, today unveiled an online tool that has just a whiff of science-fiction to it. The tool takes its inspiration from recent research that suggests that younger people who are exposed to visual approximations of what they might look like when they reach retirement age tend to save more.
Encore: A California law would set up 401(k)-like plans for employees whose companies don’t have them
There are ways around the 10% penalty for early withdrawals from 401(k)s and IRAs.
New federal regulations make it easier for 401(k) plans to provide advice, but no less costly.
Rightfully lauded for boosting participation rates in 401(k) plans, the trend towards automatic enrollment in 401(k) plans is having the opposite effect on overall 401(k) savings rates.
Most couples are not on the same page when it comes to when, where and how they’ll retire – a fact that can create both emotional and financial strains.
As banks have scaled back on consumer lending, Americans are increasingly borrowing from their 401(k) retirement accounts.