All information and tips for Employee coverage and retirement plan
It's a luxury to think we can max out our workplace retirement plan. Setting aside $18,000 for retirement in a year? Not a chance for most of us.
But one year, the stars might align, thanks to an unusual bonus or change in family circumstances. When it does, you won't want to fall victim to this […]
IRAs and 401(k)s are two of the most widely used ways Americans save for retirement, and in many ways the two types of accounts are similar. For instance, both offer attractive tax advantages that can greatly increase the size of your nest egg over time.
But despite their similarities, there are notable differences between IRAs and […]
May 1 2015
Medicare Releases Trove Of Data On Drug Spending, Doctor Prescribing
The release marks the most specific breakdown ever provided by the Centers for Medicare & Medicaid Services regarding the prescription claims of Medicare beneficiaries.
Kaiser Health News: Medicare Itemizes Its $103 Billion Drug Bill
The federal government popped the cap off drug spending on Thursday, […]
Employees are being told to save more and more in their workplace 401(k)s. What about employers chipping in more? In a recent survey of global employers, Vanguard found that 57% of global employers expect to increase the level of company contributions to their employees’ 401(k) accounts in the next five years, and another 14% of […]
NEW YORK (MainStreet) — Employees have been fighting back against high 401(k) fees, and recent lawsuits have proven that the courts are siding with them.
The 401(k) industry lags behind the growth of cheaper mutual funds and ETF options offered by other online retirement advisors. The tide is turning in the employees’ favor. Several lawsuits have already demonstrated that employees […]
Lance Silva, owner of the now defunct Emeryville-based company, pleaded no contest on Feb. 25 to two counts of grand theft.
The U.S. Department of Labor has filed a civil complaint against the owner of a now defunct Emeryville-based company for allegedly taking tens of thousands of dollars from four former employee’s 401(k) plans and keeping […]
Workers are socking away more for retirement in their 401(k)s, a Fidelity report finds. But it may not be enough. Some good news on the retirement front: The average 401(k) account balance reached a record high and workers are stashing away more in their plans, according to Fidelity, the largest retirement savings plan provider.
A record 23 percent of participants in Fidelity-provided 401(k) plans increased their contribution rates in the first quarter of 2015, according to the company’s Quarterly Retirement Snapshot.The good news for the 13.5 million participants in Fidelity plans did not stop there. The average account balance was $91,800, up 3.6 percent from a year ago, […]
Technology stocks are trading at levels not seen since Y2K and that may trigger some bad memories. After all, the last time the index reached a record high it quickly plummeted in what became known as at the dot-com crash.
But this time the Nasdaq composite index is very different from what it was in 2000, […]