Retirement

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401(k) provider facilitates COVID-19 withdrawals and loans
RETIREMENT PLANNING APR 01, 2020
401(k) provider facilitates COVID-19 withdrawals and loans

Voya Financial will rebate certain fees related to early withdrawals and loans through September

Stimulus package has helpful provisions for retirees
RETIREMENT PLANNING APR 01, 2020
Stimulus package has helpful provisions for retirees

One-time rebate checks, relaxed rules on required minimum distributions and changes in tax filing deadlines are all pluses

How the COVID-19 crisis is affecting 401(k) sales
OPINION APR 01, 2020
How the COVID-19 crisis is affecting 401(k) sales

Amid the pandemic, many plan advisers are focusing more on customer service, and the shift to working with clients remotely is likely to accelerate

Fidelity liable for some 401(k) claims: Court
RETIREMENT PLANNING MAR 31, 2020
Fidelity liable for some 401(k) claims: Court

The company failed to monitor plan fiduciaries' handling of investment and record-keeping fees, the judge wrote

Advisers needed as Congress paves the way for selling low
RETIREMENT PLANNING MAR 31, 2020
Advisers needed as Congress paves the way for selling low

Unless clients are in dire circumstances, tapping retirement assets now is a losing strategy

Scammers claim Social Security benefits will be halted
RETIREMENT PLANNING MAR 31, 2020
Scammers claim Social Security benefits will be halted

Meanwhile, the Social Security Administration is scaling back its hotline hours amid a flood of phone calls

Market volatility likely to prompt 401(k) plan menu changes
RETIREMENT PLANNING MAR 30, 2020
Market volatility likely to prompt 401(k) plan menu changes

Retirement plan sponsors might change their views on risk, especially for participants near retirement

Advisers warn against dipping into 401(k)s
RETIREMENT PLANNING MAR 27, 2020
Advisers warn against dipping into 401(k)s

The $2.2 trillion stimulus package makes retirement assets easier to access, but participants should proceed with caution

Coronavirus stimulus package passes House, gets mixed adviser reviews
RETIREMENT PLANNING MAR 27, 2020
Coronavirus stimulus package passes House, gets mixed adviser reviews

The $2.2 trillion bill will boost unemployment benefits and small-business loans, but some advisers said that might not be enough

Northwestern University wins appeal in 403(b) case
RETIREMENT PLANNING MAR 27, 2020
Northwestern University wins appeal in 403(b) case

The lawsuit had charged university representatives with failing to negotiate a better deal for the participants in its retirement plan

Plan advisers may lose business as 401(k) sponsors struggle
RETIREMENT PLANNING MAR 26, 2020
Plan advisers may lose business as 401(k) sponsors struggle

As unemployment claims hit an all-time high, companies are considering ways to cut costs

Companies slash 401(k) contributions amid COVID-19
RETIREMENT PLANNING MAR 26, 2020
Companies slash 401(k) contributions amid COVID-19

Retirement plan sponsors are seeking to reduce costs as they struggle to deal with the pandemic

Senate coronavirus stimulus bill waives RMDs this year
RETIREMENT PLANNING MAR 25, 2020
Senate coronavirus stimulus bill waives RMDs this year

The final measure also makes it easier to withdraw funds from retirement accounts in an emergency

Retirement relief Congress should consider now
RETIREMENT PLANNING MAR 25, 2020
Retirement relief Congress should consider now

People with retirement accounts have seen losses through no fault of their own and they need a helping hand

Recession could hit Social Security financial outlook
OPINION MAR 25, 2020
Recession could hit Social Security financial outlook

The likelihood that people will file for benefits sooner amid a downturn and the possible decline in payroll tax revenue could put pressure on the Social Security trust fund

COVID-19 could prompt more 401(k) cash-outs
RETIREMENT PLANNING MAR 25, 2020
COVID-19 could prompt more 401(k) cash-outs

The market dive is likely to result in more early withdrawals and borrowing from retirement plans, particularly by people who don't have access to financial advice

How COVID-19 is driving new financial planning business
RETIREMENT PLANNING MAR 24, 2020
How COVID-19 is driving new financial planning business

Many investors who have lost money during the pandemic are seeking out financial advice for the first time

Dispatch from my bunker
RETIREMENT PLANNING MAR 23, 2020
Dispatch from my bunker

Here's how I'm coping during the pandemic. I'm asking InvestmentNews readers to share their stories of how they're coping

Recession would slow state auto-IRAs, MEPs
RETIREMENT PLANNING MAR 23, 2020
Recession would slow state auto-IRAs, MEPs

Programs will remain viable but will take longer to build assets as gig workers and small businesses struggle to stay afloat, leaders said

Lessons from Black Monday — and crises since
OPINION MAR 23, 2020
Lessons from Black Monday — and crises since

Once things settled down after the 1987 crash, there was a lot of money set in motion