AAII Survey: How Readers Would Change the U.S. Tax Code

After weeks of speculation, Congressional Republicans unveiled their tax reform legislation late last week. Among the items it didn’t include was a cut to contribution limits to 401(k) retirement plans, a move lawmakers were reportedly considering to help balance the tax cuts planned for high-income earners and businesses. According to the language in the tax reform proposal, it…

 

Quest for Supplemental Income, Love of Job Main Reasons for Working in “Retirement”

Over the last couple of decades, the definition of “retirement” has changed significantly. Gone are the days that 30 years of service to a company meant a gold watch and company-funded pension upon retirement. Today, the burden of funding retirement, for the most part, has shifted to the individual in the form of defined-contribution plans…

 

Treasury Introduces New Retirement Saving Plan: “myRA”

Last week the Treasury Department formally launched new retirement-savings accounts geared towards workers who don’t have access to traditional retirement accounts, such as 401(k)s or 403(b)s. The retirement-savings vehicle is called “myRA” and officials said the goal of the program is to teach more workers the importance and the ease of saving for retirement. “When…

 

Reducing 401(k) Fees

In an article for AdviceIQ, Jim Blankenship offers some tips on how to minimize your 401(k) fees. Kept unchecked, the fees can become a significant drag on your investment performance. When evaluating a plan, Blankenship says investors should consider its internal expense ratio–the measure of what it costs an investment company to operate a fund–and the…