Oct 23rd, 2008 · In October, the Labor Committee found that workplace retirement plans — including pensions and 401ks — have lost as much as $2 trillion in the past 15 months. Has the new economic landscape affected your plan to retire?
May 30th, 2008 · Some people facing financial hardship are cashing in part or all of their retirement accounts to make ends meet. But financial planners caution against the practice because of penalties for early withdrawals, taxes and the loss of a long-term investment.
Mar 11th, 2008 · A new study shows more people are borrowing from their 401K accounts to stay afloat financially. What are the dangers of cashing out early?
Feb 17th, 2006 · There's a new way to save for retirement. The Roth 401K has tax advantages for some workers, but companies have been slow to offer the new product to workers.
Jan 6th, 2006 · The computer giant IBM announced Thursday that it would stop putting money into its employee pension plan as of 2008. Instead, the company will provide enhanced 401K benefits to its 125,000 employees.
Dec 15th, 2005 · Alex Chadwick talks to Tess Vigeland of Marketplace about the latest in auto news. Ford and the United Auto Workers have reached a tentative agreement on retiree health care benefits, and GM has reportedly told white-collar employees that it will reduce severance benefit payments and suspend matching contributions to 401K retirement funds.
Dec 6th, 2005 · Verizon Communications announces it is overhauling its retirement benefits. The company said it will freeze its pension plan and restrict retiree health benefits for some 50,000 non-union employees. To replace its existing pension program, Verizon will offer a 401k retirement savings plan.
Sep 1st, 2005 · The decline of traditional pension plans means more and more Americans will depend on savings and Social Security in retirement. But many employers who offer 401(k) retirement savings plans are concerned about low participation rates -- and some are enrolling workers automatically.