There are few industries where the phrase “you get what you pay for” is less applicable than the 401(k) industry. Equally competent 401(k) providers can charge dramatically different fees for comparable administration services and investments. This variability is a big problem for employers – who have a fiduciary responsibility to protect the interests of plan participants…
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Employer-sponsored 401k plans are popular investment vehicles for working Americans. Clearly understanding how these plans work is vital to successfully utilizing them. It’s important to recognize the value of taking advantage of employer matches to your contributions, and of course you should have a good grasp of the rules surrounding such plans – such as…
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I love small businesses! I own one myself, and I can relate to what many of them go through. Many of my clients are small business owners. Previously I wrote broadly about the various retirement accounts available (see article). Now I want to dive a little deeper into the small business options and help others…
Read articleSelecting the Right IRA A 401k retirement account is a certain type of retirement account that allows employees to save for retirement benefits without taking out a separate individual account. In the United States, and 401(k) accounts is an employee-sponsored, defined-contributory pension plan also defined in section 401(k). The contribution amount is deducted from an…
Read articleSelecting the Right IRA A 401k retirement account is a certain type of retirement account that allows employees to save for retirement benefits without taking out a separate individual account. In the United States, and 401(k) accounts is an employee-sponsored, defined-contributory pension plan also defined in section 401(k). The contribution amount is deducted from an…
Read articleSelecting the Right IRA A 401k retirement account is a certain type of retirement account that allows employees to save for retirement benefits without taking out a separate individual account. In the United States, and 401(k) accounts is an employee-sponsored, defined-contributory pension plan also defined in section 401(k). The contribution amount is deducted from an…
Read articleSubmit your letter to the editor via this form. Read more Letters to the Editor. State’s child support interest hurts families Re. “California keeps millions in child support while parents drown in debt,” May 4: It’s disgusting knowing that the California government can tax child support at an outrageous 10% interest rate. Many families are…
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Leveling Up: The 401(k) Plan Advisor in Today’s Market – Part 1 Offering a company retirement plan to your employees is one of the most valuable tools for increasing employee productivity and loyalty. According to the most recent Retirement Confidence Survey published by the Employee Benefit Research Institute: “61% of workers say that planning for…
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Submit your letter to the editor via this form. Read more Letters to the Editor. Drought history boundto repeat without change I moved to California some 32 years ago, just after a year of extreme drought. I was shocked to discover that homeowners collected water from their showers in buckets, reused water from their washers…
Read articleSince mid-February, the Zix|AppRiver Secure Cloud has been capturing phishing attacks masquerading as TransAmerica 401k retirement plan notices. We decided to investigate these attacks and found the attackers had succeeded against victims who were not protected by a robust email filtering solution. What was even more disturbing, the threat actors had stolen the victim’s credentials…
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