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401k

The Supreme Court Got Its 401(k) Decision Right

Aryeh Younger | Posted 05.21.2015 | Politics
Aryeh Younger

With so much at stake, it is critical for money managers everywhere to recognize their role as trustees of assets that do not belong to them.

The Worst 401(k) Advice Ever

Ken Weber | Posted 05.21.2015 | Money
Ken Weber

James Altucher has been getting lots of attention lately because of a 62-second video he posted for Business Insider, titled "Why investing in a 401(k) is a complete waste of money." I decided to write this rebuttal not so much as a direct attack on this particular video but because some of what Altucher said reflects views held by others as well.

Break Free of High 401(k) Investment Fees

Catherine Golladay | Posted 05.18.2015 | Money
Catherine Golladay

If you're like most workers in a recent survey, your 401(k) plan is your largest or only source of retirement savings.1 Also, like most workers, you may be paying higher fees than you realized for some of the investments in that 401(k).

Part 2: Valuable Tips for Financial Advisors from the Gen Y Guy

Jerry Patterson | Posted 05.07.2015 | Business
Jerry Patterson

My visit with Jason followed on the heels of some extensive research I was involved in, to gain a better understanding of millennials' financial habits. In addition, we also investigated the role (or lack thereof) a financial advisor plays in helping millennials plan and save. The results? As varied as their personalities.

Things You Want To Know About Investing But Are Afraid To Ask -- Part 3

Carrie Schwab-Pomerantz, CFP | Posted 04.29.2015 | Money
Carrie Schwab-Pomerantz, CFP

So let's say you've got the basics down. You've decided you're a moderately aggressive investor looking for growth, and you've researched and chosen a couple of initial investments. Are you ready to buy? Not quite.

Resetting Your Retirement After Divorce

Jason Alderman | Posted 04.23.2015 | Money
Jason Alderman

Starting a new life after divorce introduces many financial challenges. Retirement may seem far away, but it should stay at the top of the list.

Part 1: Powerful Retirement Tips for Millennials from the Gen Y Guy

Jerry Patterson | Posted 04.22.2015 | Money
Jerry Patterson

I recently had the opportunity to spend some time with Jason Dorsey, chief strategy officer for The Center of Generational Kinetics. Known as the Gen Y Guy, Jason is an acclaimed keynote speaker, generational researcher and best-selling author.

Blaming the Victims of the 401(k) Crisis

James W. Russell | Posted 04.21.2015 | Business
James W. Russell

The financial services industry, which profits handsomely from managing 401(k) and similar accounts, encourages victim self-blaming. What better way to deflect criticism from itself for running a rigged game?

Ben Walsh

Labor Department Proposes New Rule Cracking Down On Retirement Fees

HuffingtonPost.com | Ben Walsh | Posted 04.14.2015 | Politics

The Labor Department took the next step in the White House's plan to crack down on unnecessary retirement fees that cost Americans billions of dollars...

3 Ways to Be the 401(k) Knight in Shining Armor for Your Employees

Jerry Patterson | Posted 04.10.2015 | Money
Jerry Patterson

Just because employees are hardworking and loyal doesn't automatically mean they are financially astute and do a good job at planning for retirement, nor does it mean newer employees are bad at managing their money.

Nonprofit Annuities: A Fix for the 401(k)

James W. Russell | Posted 04.07.2015 | Business
James W. Russell

With 401(k)-type plans, participants are supposed to build up savings through stock market investing during their working years that will then support them during their retirement years.

Don't Make This Mistake With Your Retirement Assets

Teresa Ghilarducci | Posted 05.25.2015 | Money
Teresa Ghilarducci

The scary thing about conflicted advice is that it's legal, friendly and presents itself as free. Follow three simple rules -- find a fiduciary, pay a fee and avoid rolling over funds to an IRA. Don't make one of the costliest investments mistakes: using a conflicted advisor.

Preparing for Financial Success in Your First Job

Intern Queen Alumni Ambassador | Posted 05.21.2015 | Money
Intern Queen Alumni Ambassador

The key here is to start investing in a Roth IRA as early as possible - then invest in a traditional IRA as you begin to earn more. By doing both, you are maximizing your retirement savings and planning for a very solid financial future.

401(k) Plays for a Less Taxing Tax Season

Catherine Golladay | Posted 05.16.2015 | Money
Catherine Golladay

March Madness is upon us, and while college basketball fans across the country are busy trying to avoid any bracket busters, this is the time to focus on your tax bracket as well.

The Great Illusion of Retirement Savings

Nancy Altman | Posted 05.16.2015 | Politics
Nancy Altman

The nation is facing a looming retirement income crisis. Average retirees today are not well off. Tomorrow's average senior is likely to be in worse shape. Instead of addressing this looming crisis, too many of the nation's policymakers and elites propose to make it worse.

Is Your Financial Adviser a Fiduciary ... or Just a Douche?

Shahar Ziv | Posted 05.13.2015 | Money
Shahar Ziv

For years, financial wolves have been cloaked in trusted adviser clothing - masking their real status as self-interested brokers who don't have your best interest in mind.

I'm Retired So Now What Do I Do With My 401(k)?

PaladinRegistry.com | Posted 05.12.2015 | Money
PaladinRegistry.com

Financial Planning is not a one-time set it and forget it event, it's a process that must be reviewed for changes over time and adjusted.

The Biggest Scam of Them All?

Dan Solin | Posted 03.10.2015 | Business
Dan Solin

Only a tiny percentage of active fund managers demonstrate evidence of skill. Identifying them prospectively is exceedingly difficult and, even if you could do so, it's unlikely their stellar performance will persist.

Obama Starts Addressing the Retirement Crisis by Getting Wall Street Out of Our Wallets

Jane White | Posted 05.10.2015 | Politics
Jane White

President Obama should be commended for taking on the brokerage industry for ripping off multitudes of 401(k) participants.

Buying a New House Before Selling the Old One

Jack M. Guttentag | Posted 05.05.2015 | Money
Jack M. Guttentag

Whatever the reasons for the move, many face the same challenge: how to use the equity in their existing house to purchase the new one before completing the sale of the old one. Selling the old one first avoids this problem but requires two moves, which is a major expense and a hassle.

Is Retirement in View? If So, Here's Your Retirement To-Do List

Jacob Gold | Posted 05.05.2015 | Money
Jacob Gold

What activities are going to keep you active, engaged, socializing and busy? Think about your plan for how you will spend your time now. Talk about it with your spouse or partner so you are on the same page.

If You Have A 401(k) Do You Need An IRA, Too?

Carrie Schwab-Pomerantz, CFP | Posted 05.04.2015 | Money
Carrie Schwab-Pomerantz, CFP

The bottom line is you can't really save too much, only too little. So use all the savings and investing vehicles available to you, including both an IRA and your 401(k), to save as much as you can, as early as you can -- and, at the same time, get the maximum tax break. You won't regret it.

President Obama Warns Americans About Bad Retirement Advice

Natalie Pace | Posted 05.02.2015 | Money
Natalie Pace

To help us all better understand how to reduce the exposure to conflicts of interest, high fees and lockup periods, I called upon Marie Chandoha, the president and CEO of Charles Schwab Investment Management, Inc.

Rep. Wagner Introduces Anti-Investor 'Retail Investor Protection Act'

Barbara Roper | Posted 04.28.2015 | Business
Barbara Roper

If a contest for the most Orwellian bill title were held, Rep. Ann Wagner's newly reintroduced "Retail Investor Protection Act" would be a serious contender. Despite its title, this legislation has nothing to do with protecting retail investors.

Have You Made Plans for Your "Big Zig" Moment?

Jerry Patterson | Posted 04.27.2015 | Money
Jerry Patterson

A group of us at The Principal recently conducted some research to understand the financial significance of retirement for Americans who are on the verge. We wanted to know: just how big of a deal is that moment of retirement?