401(k) plans

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IRS May Cut 401(k) Contribution Limit

(Newser) - Low inflation could force the IRS to decrease the amount workers can contribute to their 401(k) plans to $16,000, USA Today reports. It would mark the first time the government has ever lowered contribution limits. Though a spokesperson says it’s too early for speculation, the IRS may not...

Recession Creates Nation of Potty Mouths

F-bombs a popular way to react to your 401(k) statement

(Newser) - The state of the economy has made for a lot of bad news, and bad news makes for a lot of cussing, MSNBC reports. “I’ve been dropping the F-bomb every time I look at the Dow,” said one 35-year-old writer. “You see that number and you...

My 401(k) Proves I Could Do Better Than CNBC
My 401(k) Proves I Could
Do Better Than CNBC
OPINION
Mar 13, 2009 1:25 PM CDT

My 401(k) Proves I Could Do Better Than CNBC

(Newser) - He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the...

'Sneaky' Loophole Boosts Execs' Pensions

Through lump-sum payments, executives net millions extra

(Newser) - A change in federal disclosure requirements has revealed that some companies are inflating the value of retirement plans for—guess who?—top executives. By converting pensions, which generally pay out in installments over a retired employee’s lifetime, to a lump-sum payment, CEOs can increase the value by 10% to...

Publishers Rush to Meet Need for Financial Advice

Bevy of new books strikes more somber, conservative tone

(Newser) - Book publishers and sellers are rushing to meet demand for personal-finance titles as the unrelenting economic crisis combines with New Year’s resolutions to prompt consumers to seek professional advice, the Wall Street Journal reports. However, the thrown-together texts might not prove very helpful: Many authors fail to provide specifics...

401(k) Decay Spurs Calls for Change
401(k) Decay Spurs Calls
for Change
Jan 8, 2009 10:17 AM CST

401(k) Decay Spurs Calls for Change

Critics question if plans are robust enough to survive tough times

(Newser) - Americans depending on 401(k) plans for their retirement have taken a hammering as the stock market plunged during the past year, prompting critics to question the shortcomings of the system, reports the Wall Street Journal. Some 50 million American have 401(k)s, and Congress is weighing a revamp. "It's so...

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