A federal district court in New York recently granted Omnicom Group Inc.’s (“Omnicom’s”) motion to dismiss, for lack of Article III standing, claims challenging the offering of investment options in Omnicom’s 401(k) plan in which the plaintiff participants did not invest. The court denied Omnicom’s motion to dismiss, however, with respect to the remainder of the claims, which … [Read more...] about District Court Partially Dismisses ERISA 401(k) Fee and Performance Claims for Lack of Standing | Proskauer – Employee Benefits & Executive Compensation Blog
Crime report | Robesonian
August 06, 2021 LUMBERTON — The Robeson County Sheriff’s Office, with the assistance of the U.S. Marshals Service Carolinas Fugitive Task Force and Federal Bureau of Alcohol, Tobacco, Firearms and Explosives, has arrested more than 30 people since Thursday, including a man who threatened a judge. Multiple warrants throughout Robeson and surrounding counties were served … [Read more...] about Crime report | Robesonian
Sixth Circuit Limits When Chapter 13 Debtors Can Pay into 401k
Benefits & Executive Comp Aug. 10, 2021, 6:52 PM401k withholdings are disposable income without six months of prior contributionsChapter 13 debtor sought to categorize contributions as expensesA bankrupt individual’s planned salary withholdings for his 401(k) retirement fund should be considered part of his disposable income for creditor payout calculations, if he failed to … [Read more...] about Sixth Circuit Limits When Chapter 13 Debtors Can Pay into 401k
NCDOT: Volunteers needed for statewide litter sweep – The Robesonian
NCDOT: Volunteers needed for statewide litter sweep The Robesonian … [Read more...] about NCDOT: Volunteers needed for statewide litter sweep – The Robesonian
Shifting the 401(k) savings conversation to guaranteed income
(Photo: Shutterstock) After the challenges of 2020, Americans are thinking more urgently about their financial security. While last year turned out to be a strong year for markets, it certainly didn’t look that way in March, as major indices experienced the fastest-ever decline into bear market territory. The challenge and economic turbulence of 2020 was unsettling for people … [Read more...] about Shifting the 401(k) savings conversation to guaranteed income
It’s Not Drying Up Any Time Soon
Millions of seniors today get a large chunk of their retirement income from Social Security. And your plan may be to do the same once your time in the workforce comes to an end. © Provided by The Motley Fool We Need to Talk About Social Security: It's Not Drying Up Any Time Soon But will that be possible? You've probably heard the rumors that Social Security is … [Read more...] about It’s Not Drying Up Any Time Soon
Three ‘rules of thumb’ for converting retirement funds into a Roth IRA
GRAND RAPIDS, Mich. (WOTV)- As you’re saving for retirement, you may need to convert your traditional retirement account into a Roth IRA, but what’s the best time? Is it best to convert during a specific time of year? Should you connect with an advisor first or open the account? If you have any lingering questions, tune into Jennifer Feuerstein’s interview with Financial … [Read more...] about Three ‘rules of thumb’ for converting retirement funds into a Roth IRA
Neal Logan: Is Roth IRA better for young workers? | Local News
If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which … [Read more...] about Neal Logan: Is Roth IRA better for young workers? | Local News
If You Have a Side Hustle, Watch Out — These Mistakes Could Cost You Thousands
Rideshare driver? Grocery deliverer? Reseller? Picking up a side hustle is a great idea if you can make extra money. It's not so great, however, if your side hustle ends up costing you big bucks. Here are a few costly errors to avoid. One email a day could help you save thousands Tips and tricks from the experts delivered straight to your inbox that could help you save … [Read more...] about If You Have a Side Hustle, Watch Out — These Mistakes Could Cost You Thousands
How Do Mega Backdoor Roths Work?
Asian man studying Roth IRAsA mega backdoor Roth is a unique 401(k) rollover strategy that’s designed for people whose incomes would ordinarily keep them from saving in a Roth Individual Retirement Account. The advantage of using a Roth IRA to save for retirement is being able to make tax-free qualified withdrawals. But not everyone can contribute to these accounts; … [Read more...] about How Do Mega Backdoor Roths Work?