IRA vs 401k

Retirement Options

401K

Congress aims to raise limits for catch-up contributions

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In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're midway through their careers. Some even wait until late in their careers to sign up for a 401(k) or open an IRA.The good news … [Read more...] about Congress aims to raise limits for catch-up contributions

Have you started your body’s 401K?

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I was lucky enough to be able to see my entire family recently to celebrate my mom’s 70th birthday.This was the first time we have all been together in almost two years, so we had a lot of catching up to do.Of the six adults other than myself at the gathering, five of them asked me to take a look at a body part (or two) that had been bothering them for some time. It ended up … [Read more...] about Have you started your body’s 401K?

Paychex is the Nation’s Largest 401(k) Recordkeeper | News

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ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper | News

New Department of Labor 401(k) disclosure rule kicks in Sept. 18

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Time to take a new step to ensure employees remain retirement ready, courtesy of a new federal 401(k) disclosure rule. And to help, the Department of Labor (DOL) just released new FAQs that spell out the timing of its execution, effective Sept. 18. 2 new disclosures Under the new 401(k) disclosure rule, your company has two new things to provide employees with … [Read more...] about New Department of Labor 401(k) disclosure rule kicks in Sept. 18

This group is hiring for early education team members; benefits include matching 401k

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SAN ANTONIO – Have you been on the search for an ideal teaching position?Family Service is currently looking for individuals to join their early childhood education team.Since 1903, Family Service has been supporting, strengthening and serving San Antonio and surrounding communities with various programs and services including financial counseling, mental health counseling, … [Read more...] about This group is hiring for early education team members; benefits include matching 401k

Retirement Plan Goals Include Improved Outcomes and Retention

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Retirement plan goals are converging around a very narrow alignment.  Plan sponsors’ top priorities include improving retirement outcomes, plan participation and engagement, and fiduciary compliance. So says a recent Principal Retirement Security Survey.  The survey aimed to capture plan sponsors’ chief areas of focus, their actions related to retirement savings, consumers’ … [Read more...] about Retirement Plan Goals Include Improved Outcomes and Retention

How long will my 401k last?

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RETIREMENT savers putting cash into a 401k will be wondering how long the money will last in their older years. We explain what you need to know and tools that help you check. 1We explain how to know how long your 401k will lastCredit: Getty What is a 401k? A 401k allows you to dedicate a percentage of your pre-tax salary to a retirement account. Employers can also choose to … [Read more...] about How long will my 401k last?