Retirement Planning

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401(k) lawsuits keep coming, despite COVID-19
RETIREMENT RETIREMENT PLANNING MAR 19, 2020
401(k) lawsuits keep coming, despite COVID-19

Two lawsuits over plans’ target-date investments were filed in the past week, and there was a major development in another case

Voya adds student-loan service for 401(k)s
RETIREMENT RETIREMENT PLANNING MAR 19, 2020
Voya adds student-loan service for 401(k)s

The plan record keeper added a service allowing employers to make loan payments or plan contributions for workers

Annuities, hard hit by COVID-19, give retirees one less option
RETIREMENT RETIREMENT PLANNING MAR 18, 2020
Annuities, hard hit by COVID-19, give retirees one less option

Insurers have started pulling some products amid volatility and low interest rates

A crisis is a terrible thing to waste
RETIREMENT OPINION MAR 18, 2020
A crisis is a terrible thing to waste

How the COVID-19 pandemic could change the 401(k) market

Roth conversions 'on sale' and other retirement advice amid the market crash
RETIREMENT RETIREMENT PLANNING MAR 18, 2020
Roth conversions 'on sale' and other retirement advice amid the market crash

People near retirement are the most at risk from the sell-off, and advisers have several recommendations for them

Wells Fargo named in new 401(k) lawsuit
RETIREMENT RETIREMENT PLANNING MAR 17, 2020
Wells Fargo named in new 401(k) lawsuit

The company has been sued again over its use of its own products in its retirement plan

Social Security closes local offices nationwide
RETIREMENT RETIREMENT PLANNING MAR 17, 2020
Social Security closes local offices nationwide

Critical services still available over the phone and online

One TDF series outperforms others in market plunge
RETIREMENT RETIREMENT PLANNING MAR 16, 2020
One TDF series outperforms others in market plunge

The newer product line has a different approach to asset allocation than most other target-date funds

Singles, survivors most affected by Medicare surcharges
RETIREMENT RETIREMENT PLANNING MAR 13, 2020
Singles, survivors most affected by Medicare surcharges

Roth conversions can help reduce clients' health care costs and taxes, given the impact that required minimum distributions can have on Medicare premiums

Captrust stays hungry with purchase of $5.5 billion advisory firm
RETIREMENT RIAS MAR 12, 2020
Captrust stays hungry with purchase of $5.5 billion advisory firm

The deal closed just ahead of the market downturn

Trump's proposed payroll tax holiday could hurt the economy more than it helps
RETIREMENT RETIREMENT PLANNING MAR 12, 2020
Trump's proposed payroll tax holiday could hurt the economy more than it helps

In a speech Wednesday, the president said he would pressure Congress to suspend Social Security and Medicare taxes for the rest of the year

Auto-IRA floated in Colorado
RETIREMENT RETIREMENT PLANNING MAR 11, 2020
Auto-IRA floated in Colorado

The state is one of a number that have considered or adopted a public savings system for private-sector workers who don't have access to employer-sponsored retirement plans

Judge pulls plug on CenturyLink 401(k) lawsuit
RETIREMENT RETIREMENT PLANNING MAR 10, 2020
Judge pulls plug on CenturyLink 401(k) lawsuit

The court granted summary judgment for the telecommunications firm, finding that its $5 billion plan did not violate federal law

Fears over market drop could cause some to postpone retirement
RETIREMENT RETIREMENT PLANNING MAR 10, 2020
Fears over market drop could cause some to postpone retirement

Survey of those nearing retirement shows many would opt to work longer

Alight, Estee Lauder settle case of plundered 401(k)
RETIREMENT RETIREMENT PLANNING MAR 09, 2020
Alight, Estee Lauder settle case of plundered 401(k)

Thieves raided a retirement plan participant's account of $99,000, nearly emptying it

Loan provider adds 401(k) service for debt-weary workers
RETIREMENT RETIREMENT PLANNING MAR 09, 2020
Loan provider adds 401(k) service for debt-weary workers

Retirement plan sponsors can now make contributions on behalf of employees who are paying down student loans

Market plunge tests performance of target-date funds
RETIREMENT RETIREMENT PLANNING MAR 06, 2020
Market plunge tests performance of target-date funds

Managers made several changes following the 2008 crisis, including reducing allocations to high-yield bonds and equities

Fidelity's new mutual funds target HSA investments
RETIREMENT RETIREMENT PLANNING MAR 05, 2020
Fidelity's new mutual funds target HSA investments

The products encourage clients to use health savings accounts as investment vehicles

Women and retirement preparedness
RETIREMENT RETIREMENT PLANNING MAR 05, 2020
Women and retirement preparedness

As International Women's Day approaches this Sunday, female investors continue to face challenges related to longevity and lower lifetime earnings

Balances in self-directed 401(k) accounts up 19% last year: Schwab
RETIREMENT RETIREMENT PLANNING MAR 05, 2020
Balances in self-directed 401(k) accounts up 19% last year: Schwab

Participants' asset allocation was largely unchanged, with more than a third of their assets in mutual funds