401(k)

Economy

Fidelity will start offering bitcoin as an investment option in 401(k) accounts

12:06pm April 26, 2022

by The Associated Press

Fidelity said it has signed up one employer that will add the offering to its plan later this year. The U.S. government has warned the industry to exercise extreme care when offering cryptocurrencies.

Bob Orozco, 89, has been in fitness his entire adult life. He began working for the Laguna Niguel YMCA in 1984 and leads the Silver Sneakers Club, a free fitness program for Medicare beneficiaries. "I probably will work until something stops me," Orozco s

The New Realities Of Work And Retirement

9:23am October 02, 2019

by Ina Jaffe

People age 65 and older make up the fastest-growing group of workers in the U.S. Some want to work; some have to work — and their numbers are changing how we view retirement.

MIT is agreeing to settle a lawsuit that claimed it allowed its workers to be hit with big fees in their retirement accounts.

Education

MIT To Settle Suit Alleging It Hurt Workers In 401(k) Plan

6:46pm September 12, 2019

by Chris Arnold

The lawsuit claimed MIT got millions of dollars in donations from financial giant Fidelity Investments while allowing the firm to charge workers excessive fees.

Republicans Scrap Rule For Small-Business Retirement Plans

9:24am May 04, 2017

by Chris Arnold

The Obama-era policy allowed states to offer retirement savings plans. Retiree and worker protection groups say the state-designed plans benefit employees of small businesses that lack 401(k) plans.

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The exterior of the New York Stock Exchange on Feb. 10. A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning.

Trump Moving To Delay Rule That Protects Workers From Bad Financial Advice

11:17am February 17, 2017

by Chris Arnold

A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning. It pits financial firms against consumer and retiree groups.

How 401(k) Withdrawals Can Complicate Health Plan Subsidies

12:27pm February 09, 2016

by Michelle Andrews

When someone taps into pretax retirement savings, the IRS considers it income. An unexpected withdrawal can change a person's subsidy for health premiums.

Many Americans with 401(k) plans don't know if they're paying any fees. Pay too much, and it could take a chunk out of your nest egg.

When High Fees Stink Up Your 401(k), What Can You Do?

7:13pm October 30, 2015

by Chris Arnold

Many Americans with 401(k) plans don't know if they're paying any fees. Pay too much, and it could take a chunk out of your nest egg. If your plan's too costly, complain to your employer, experts say.

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Experts say that sitting down and creating a plan of action makes us 10 times more likely to achieve our goals — especially if we tell friends about our plan to create some gentle social pressure to follow through. Here's a worksheet to help with that.

Is Wall Street Eating Your 401(k) Nest Egg?

3:14pm October 19, 2015

by Chris Arnold

High fees are eroding the retirement savings of millions of Americans, but employers who shop around can find better options for their 401(k) plans. A small Minnesota firm offers a dramatic example.

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Boeing Case Is Latest Targeting 401(k) Plans With Excessive Fees

6:20pm August 28, 2015

by Chris Arnold

The aerospace giant is moving to settle a suit accusing it of mishandling its plan. The case is part of a legal assault by an attorney to stop firms from offering workers high-cost retirement plans.

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