Many of us have 401(k) plans, but do we actually know how they work? A recent segment on HuffPost Live addressed the benefits, drawbacks and misconceptions surrounding the retirement savings account, which wasused by 51 million Americans in 2011, according to the Investment Company Institute. "We're fundamentally misunderstanding what the purpose of the 401(k) is," said...
(2 months ago)
Happy birthday, Willie Nelson! The famous country singer turns 80 today and received a special birthday message from his biggest fan, none other than Jessica Simpson. "Happy 80th...
(1 month and 17 days ago)
BOSTON (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts. Most of the recovery is linked to a stock market rally that has lifted the broad S&P 500 Index 145...
(26 days ago)
Happy Mother’s Day this coming weekend. And Happy Mother’s Mother’s Day. And Happy Mother’s Mother’s Mother’s Day … As a genealogist, I certainly do mean that, and what a great opportunity to give more thought to our foremothers. Let’s just start by thinking of the female lines of the mothers ...
(1 month and 16 days ago)
Savers often talk about their 401(k) plans as if they were investments: "My 401(k) money," as if it were a monolithic thing, indivisible and hard to understand.
(3 days ago)
Justin Bieber turns 19 on March 1, and his fans were already taking to Twitter the day before to celebrate. Last year a website called “Happy Birthday Justin Bieber” was created after “Beliebers” supposedly broke the world record for “the most widespread social networking message” after his birth wishes were posted 251,878 times on Twitter and Facebook within 24 hours of the...
(3 months and 19 days ago)
Millions of Americans are counting on their 401(k) to fund their golden years. But financial advisers say some people may be making mistakes with their 401(k)s that could hurt them now and cost them precious income in retirement.
(2 months and 6 days ago)
Happy birthday, big guy. It was on this day in 1932 that Sirio Maccioni was born in Tuscany. The future restaurateur opened first at the Mayfair Hotel, in 1974, after thirteen years in New York. An empire followed. Today, the Le Cirque impresario turns 81, and even though he's apparently had his cake, you can still go and wish him well. [Sirio Maccioni/Facebook] Read more...
(2 months and 14 days ago)
The 75-and-Over Happy Birthday Club this week extends best wishes for many happy returns to nine midstate residents, including Alice Carlson, of Sandersville, who turns 92 Tuesday.Click to Continue »
(2 months and 6 days ago)
It turns out that the much ballyhooed 401(k) retirement plan fee disclosure rules that went into effect last year might not have reached many investors. After the new fee disclosure statements went out, roughly the same percentage—half!-- of participants said that they still do not know how much they pay in plan annual fees and expenses, according to a recent survey by...
(3 months and 9 days ago)
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