Tag Archives: 401k

The recent U.S. Labor Department (DOL) warning to fiduciaries who offer cryptocurrency investments inside 401(k) plans makes sense, one crypto executive told Yahoo Finance. “I think that the Department of Labor is right to say ‘heed caution,’ and don’t just jump barrel-in to this because it’s popular and you need to offer it — be pragmatic about it,” Chris Kline, COO and co-founder of Bitcoin IRA — an investment platform that allows investors to roll over their IRAs and 401(k)’s… Source link

Retirement reform advocates in Washington have had a bumpy 2021. Multiple efforts to help people save more effectively for retirement, including one informally called SECURE 2.0, seemed to be on track for passage before Congress’ other efforts crowded them out. But the effort may gain renewed traction in 2022. In a recent webinar co-hosted by Yahoo Finance and the Bipartisan Policy Center, Rep. Fred Keller (R-PA) said, “I think our chance for success in the upcoming year to get the SECURE… Source link

Then-President Jimmy Carter signed a law in 1978 that changed retirement forever by introducing the 401(k), but one expert believes the benefit is “just now reaching full maturity.” “We’re just now starting to see large numbers of people who may have been covered by a 401(k) over their entire working life,” says Dave Richardson, the head of the TIAA Institute, the research arm of one of the country’s leading providers of retirement plans. The 401(k) has become ubiquitous with an… Source link

One retirement savings vehicle doesn’t get the attention it deserves, according to one financial expert. The Roth 401(k) is “the unsung hero, if you will, of your retirement plan,” Sun Group Wealth Partners Managing Director Winnie Sun recently told Yahoo Finance Live, especially for her clients whose “No. 1 goal” is to have tax-free savings in retirement. A Roth 401(k) is an employee-sponsored retirement plan that allows you to contribute after-tax earnings versus pre-tax earnings in a… Source link

If you have amassed a large or even small fortune in your 401(k) retirement plan at work, an important decision eventually awaits: What should you do with the money when you retire or otherwise leave the company? One quandary is whether to keep the money in the company retirement plan (if that option is available) or roll it into an Individual Retirement Account to maintain your tax-sheltered status for a while longer. It’s obviously a key issue for those heading into retirement but it also… Source link

TipRanks 3 ‘Strong Buy’ Stocks with Over 7% Dividend Yield It’s been up, up, and away for the markets since the end of September. Both the NASDAQ and S&P 500 are trading within 3% of their recent record high levels, after counting for daily fluctuations. It’s a clear sign of a bullish mood among investors.And that bullish mood is finding fertile soil among Wall Street’s stock analysts, who are not hesitant to make buy-side calls. There are some indications that the analysts are… Source link