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Don't miss Uncle Sam's credit on retirement saving
Posted: 2/12/2013
by Mark Miller
REUTERS
Uncle Sam offers a tax credit that can be worth up to half of what you contribute to a traditional individual retirement account (IRA), Roth or workplace retirement plan. The Retirement Savings Contribution Credit - a.k.a the Saver's Credit - is only ...
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Ready, Set, Retire. Or Not.
Posted: 2/8/2013
by Carole Fleck
AARP News
Many of us older workers are still smarting from financial crisis and the toll it took on our net worth. We watched our retirement savings fall and start to inch their way back. But we've also been told, time and again by financial experts, that we ...
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Mutual fund industry playing defense on 401(k)s
Posted: 2/7/2013
ECONOMIC TIMES
WASHINGTON: The mutual fund industry is getting a little nervous about all the Washington talk about limiting tax loopholes and perceived shortcomings of the current retirement system. Its leaders, such as Paul Schott Stevens, president of the Investment .
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LIMRA: Gens X & Y blasé about retirement saving
Posted: 2/7/2013
By Margarida Correia
EMPLOYEE BENEFITS NEWS
LIMRA sounded warning bells for younger generations of Americans who have to rely primarily on their savings to fund their retirement as traditional pension plans for these demographics groups disappear. LIMRA estimates that only 16% of the 116 million ...
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ICI survey: Americans back tax breaks for retirement savings
Posted: 2/6/2013
By Mark Schoeff Jr.
INVESTMENT NEWS
Just as President Barack Obama is calling on Congress to close tax loopholes and deductions to reduce the deficit, a major financial markets trade association is touting a survey that shows a majority of Americans don't want lawmakers to change tax ...
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LIMRA: Retirement Assets To Double By 2020
Posted: 2/5/2013
Actuarial Post
According to new LIMRA research, investable retirement assets of U.S. households aged 55+ will nearly double to $22 trillion by 2020. ?There is a huge opportunity for the financial services industry to help Americans identify how much income they will need in ...
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How Millions of Americans Are Ruining Their Retirement Savings
Posted: 1/17/2013
By Ben Gersten
Money Morning
But dipping into retirement savings comes with a heavy price - and many of those who do so fail to realize the consequences, including IRS penalties and income tax on early withdrawals as well as any taxes on investment gains. "Workers are now broadly ...
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Why We're Robbing Tomorrow's Retirement to Pay for Today
Posted: 1/16/2013
By MICHAEL A. FLETCHER
The Washington Post
A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising broad questions about the effectiveness of one of the most important savings vehicles for old age. More than one in four ...
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Complete Guide to Finally Getting Your Retirement Savings Plan Started This Year
Posted: 1/15/2013
By Valencia Higuera
Go Banking Rates
There are no hard and fast rules regarding when you should start a retirement savings plan, but if you want a comfortable lifestyle during your retirement years, and you've yet to set up a retirement savings plan, start the new year off on the right ...
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3 Retirement Strategies to Deploy Before You're 30
Posted: 1/15/2013
By David Mielach
BUSINESS NEWS DAILY
It?s never too early to start planning for retirement. Knowing what strategies to employ at each phase of your retirement planning will help you develop an overall strategy that will work no matter what your age.
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3 Retirement Steps to Take Before Age 40
Posted: 1/12/2013
By David Mielach
BUSINESS NEWS DAILY
With that in mind, BusinessNewsDaily asked three financial experts what workers should do before turning 40 to ensure they retire with enough savings. Fix your plan and know your financial situation. Before thinking about retirement, all workers need ...
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Kick-start your retirement savings in 2013!
Posted: 1/9/2013
By Dave Siff
HLNtv.com
It goes without saying, but let's say it anyway -- saving money for retirement is really, really important. And 2013 brings you new opportunities to build that nest egg. Retirement plans: The IRS raised the annual contribution limit for 401(k), 403(b ...
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Fiscal Cliff Aftermath: New Option for 401(k) Savers
Posted: 1/9/2013
By Dan Kadlec
TIME
In an effort to unlock tax revenue, not just raise rates on the wealthy, architects of the fiscal cliff deal handed certain retirement savers a small bonus: You can now convert traditional 401(k) plan assets into a Roth 401(k) regardless of age and employment ...
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5 Steps to Boost Your Retirement Savings
Posted: 1/8/2013
U.S. News & World Report (blog)
Make retirement saving a priority. If you want to increase the chances that you will stick to any course of action, you need to make it a priority. Think about why a comfortable retirement is important to you, and come up with reasons to stick with the ...
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Benefits Leader Reins In 401(k)s
Posted: 12/11/2012
By Kelly Greene
WALL STREET JOURNAL
IBM says it will begin making its matching contribution to workers' 401(k) plans in a lump sum in December, instead of twice monthly. Workers who leave the company prior to Dec. 15 will not receive the employer match for that year. Financial planners say the change takes away the investment advantage of purchasing securities over time instead of all at once. IBM's cost-saving strategy could prompt other large employers to follow suit, experts say.
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