Archive for the Retirement Plans Category

A defined benefit (DB) pension plan can offer its participants a lifetime of retirement income security. Regardless of market movements or other economic events, each participant receives a fixed dollar amount periodically for the rest of his or her life. A DB sponsor meets this obligation each […]

If you’ve recently changed jobs — or maybe changed jobs a few times over the years — you may be juggling multiple retirement plan accounts. While it’s certainly acceptable to leave your money in your former employer’s plan (as long as your balance is over $5,000, your […]

Sometimes people put off saving for retirement because so many other things seem to get in the way. Do you find yourself among them? If so, try to overcome the urge to procrastinate and start saving as soon as possible. When it comes to investing for long-term […]

With traditional pension plans rapidly becoming phased out and Social Security’s long-term future in doubt, more Americans shoulder the responsibility of funding their own retirement. Many workers rely increasingly on their workplace-sponsored retirement plans to provide the means to meet their investment goals. That’s because these types […]

It’s open enrollment time again, a time when employees across the country choose benefits options for the coming year, including those affecting their employer-sponsored retirement savings plan. Although most will just rubber stamp current plan settings, some of the savvier among us will take the opportunity to […]

If you’re like many other Americans, your employer may offer a 401(k) plan, which provides a convenient vehicle for saving for retirement. 401(k) plans allow you to contribute up to $17,500 in 2013 and additional amounts if you’re aged 50 or older. There are now two types […]

Your retirement plan may offer you several options for managing your retirement plan assets when you change jobs or retire. This article explains these choices in order to help you make the right decision. Your retirement plan may offer you several options for managing your retirement plan […]

When employers educate their workers and help them make maximum use of their benefits, employees are likely to be more productive and engaged, according to two recent surveys. For example, in a recent survey conducted by Unum, 82% of employees who rated their benefits education highly also […]

Borrowing money from your employer-sponsored retirement plan may seem like an effective solution to a pressing financial need. But gaining access to your retirement investments in order to enhance your short-term cash flow isn’t necessarily the best long-term strategy. In fact, it could make it harder to […]

Traditional and Roth 401(k) plans both provide tax-advantaged ways to save for retirement. Which works best for you will depend upon your unique circumstances. Many workers now have — or may soon have — a new retirement planning option to consider: the Roth 401(k), which permits participants […]