-
The lack of seamless plan-to-plan asset portability prevents participants from easily moving and consolidating their 401(k) savings, leaving them open to the temptation to prematurely cash out their 401(k) accounts from prior employers’ plans.May 20
President and CEORetirement Clearinghouse -
Many employees are not in a financial position to deal with an emergency medical crisis like the current pandemic and it’s hurting their retirement.May 5
-
The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.May 4
-
HSA spending is more flexible than ever; learn how employees can make the most of them amid coronavirus.April 28
-
A retirement expert advises employers on helping workers save for the future during this pandemic.April 23
-
The CARES Act waiver of penalties for premature 401(k) withdrawals may hurt the very American workers and families the Act is supposed to help.April 23
President and CEORetirement Clearinghouse
-
Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.April 17
-
For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.April 14
-
For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.April 8
-
These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.April 6
President and founderEmpyrion Wealth Management
