Are unmatched 401(k) contributions a good idea?
With many companies still not offering a match as a result of the recession, what are the pros and cons of contributing to this vehicle under such circumstances?
Donald Jay Korn
Appeals court holds prenup doesnt waive spousal rights to 401(k)
For financial advisers, this is a key point to discuss with married plan participants who wish to leave their employer-sponsored retirement account to a non-spouse.
Are annuities a bad idea for retirees?
Most households should not annuitize any of their wealth, according to a study from the Congressional Budget Office.
HSA accounts continue to grow, Fidelity reports
On average, employees with both 401(k)s and health savings accounts tend to save more of their annual salaries (8.5% average annual deferral rate) in their DC accounts than employees with just a DC plan (8.1%).
Is now the time for long-term care insurance?
Now is the time to buy before gender rating kicks in and before the best inflation option [5%, compounded for life] becomes unaffordable or goes away, says one expert.
Is now the time for long-term care insurance?
If the long-term care market is broken, why are some experts calling this year the year to buy the product?
529 Plans Reach All-Time Highs, Investor Interest Rises
Assets held in 529 college savings plans increased 16.7% last year as the largest state plans continued to attract the bulk of the assets.
Health savings account investment assets rise
Triply tax-favored health savings accounts enjoyed strong growth in 2012, including exceptional growth in investment accounts. According to a new report from Devenir Group, a Minneapolis-based investment firm, total HSA accounts rose by 22% last year, to more than 8.2 million, while assets picked up by 27%, to $15.5 billion
UBS: Investors worry more about long-term care than retirement planning
Being able to afford health care and the support I need in my old age, had 26% of respondents highly worried, the most common response in a new survey from UBS Wealth Management Americas.
EBRI estimates health care costs for seniors
Employee Benefit Research Institute releases its estimate of how much money seniors might need to be confident of covering their health care costs in retirement.
IRA contributions increase by factor of 10+; portfolios set to shift
Next year, the maximum IRA contribution rises from $500 to $5,500. One wealth management expert advises immediately changing salary deferrals.
Report: DC plans dont reduce retirement preparedness
The Investment Company Institute says that the memory of panacea pension plans is a myth, and todays investors are not doomed to destitution with their 401(k)s.
Wells Fargo says investors fear future, outliving savings
Investor optimism has fallen sharply from its year high in May, according to a new poll. A majority currently fear outliving their retirement savings.
Rather than purchase LTC, retirees give away money to qualify for Medicaid
With the cost of a private nursing home room running $90,000 a year, many retirees are considering giving all their money to their children in order to qualify for Medicaid. Aside from being a serious financial risk, it shines a bright light on the lack of awareness of long-term care insurance.
Younger workers fear rising health care costs
Investors are concerned about rising health care costs, and they should be, says one expert with T. Rowe Price, noting that medical expenses topped a list of surveyed respondents recent concerns.
EBRI: A couple in retirement could need $400,000 just for health care
Retirees can expect to pay a greater share of health care costs out of pocket, benefits industry report states.
Tips to sidestep the health care-funding surtax
Starting next year, PPACA will lead to a 3.8% surtax on many peoples investment income, but there are ways around it.
Survey: Seniors less worried about retirement than Medicare
Long-term care and outliving their money are major concerns for todays seniors, according to a recent survey, but PPACA and the upcoming election has particularly elevated their concern over the primary source of their health care coverage.
Defined contribution participation rises as IRAs decline
Recent data indicates that 401(k)s and other DC plans account for more than 60% of families total financial assets.
Roths spearhead IRA retirement savings increase
Roth IRAs appeal most to the youngest and oldest investors, according to Fidelity, their No. 1 provider, which also reports an across the board investment know-how hunger.