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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: 401k

401k stories: 9 news summaries
eliot spitzer

How to Kill the Chamber of Commerce...

...before its lobbyists
do more damage on climate change, etc.

Oct 15, 09 11:08 AM CDT
(Newser) - The Chamber of Commerce's outrageous stand against action on global warming, which has spurred a number of huge corporations to drop out, is not an anomaly, says Eliot Spitzer. From environmental protection to deregulation to fiscal policy to health care reform, it’s always on the wrong side of history,... More »

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climate change • Eliot Spitzer • mutual funds • 401k • pension funds • US Chamber of Commerce

 Oldsters Refusing 
 to Step Aside to 
 Free Up Jobs 

Reliance on volatile 401(k)s breeds reluctance to retire

Sep 3, 09 9:28 AM CDT
(Newser) - Their retirement savings devastated by the financial crisis, older workers are increasingly postponing retirement, the New York Times reports, creating even more competition for scarce jobs. A recent survey found that four in 10 workers over 62 have remained at their jobs longer than they planned thanks to the recession.... More »

MORE ABOUT:
pensions • Europe • retirement • recession • savings • 401k • financial crisis • 401(k) plans

(Newser) - Low inflation could force the IRS to decrease the amount workers can contribute to their 401(k) plans to $16,000, USA Today reports. It would mark the first time the government has ever lowered contribution limits. Though a spokesperson says it’s too early for speculation, the IRS may not... More »

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IRS • pensions • retirement • Social Security • Internal Revenue Service • contributions • 401k • retirement benefits • 401(k) plans

401(k) Matches Fall Victim to Downturn

Cost-cutting efforts increasingly extend to pricey employee benefit

Nov 13, 08 10:26 AM CST
(Newser) - Shrinking 401(k) accounts may soon seem like a bit of a luxury as more and more companies eliminate matching contributions to the retirement accounts, reports BusinessWeek. Some 2% of firms in a recent survey said they had already cut out the match, and another 4% said they’ll drop it... More »

MORE ABOUT:
pensions • General Motors • retirement • 401k • financial crisis

Sinking 401(k)s Raise Debate
on How to Save

Accounts tumble by up to 11%, but backers
still love them

Oct 12, 08 8:30 PM CDT
(Newser) - Tumbling stock markets have cracked open the piggy bank that many Americans use to store retirement savings—401(k) accounts—sparking fresh debate about how best to save money, the Washington Post reports. Supporters argue that 401(k)s offer bigger rewards than traditional pensions, which are less exposed to market turbulence. But... More »

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pensions • retirement • investment • employers • 401k • financial crisis

Crisis Drains $2T From Retirement Savings

Tumbling values may mean more workers have to stay on jobs longer, retire later

Oct 8, 08 10:31 AM CDT
(Newser) - The financial crisis has drained $2 trillion from Americans' retirement savings over the  past 15 months, reports the Washington Post, a 20% drop in the value of pensions and 401(k) plans that may force many to retire later and could spread to the general economy as workers tighten belts further.... More »

MORE ABOUT:
stock market • workers • 401k • pension funds • retirement benefits • financial crisis

As Stocks Sink, New Cash
Cows Emerge

Alpacas, coins, comic books; a stampede to alternative investments

Oct 3, 08 12:26 PM CDT
(Newser) - With stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual... More »

MORE ABOUT:
retirement • alpaca • IRA • investment • comics • 401k • gold coins

Quick-Fix Cash Schemes Find More Takers

Reverse mortgages, insurance buyouts   among risky moves

Jun 2, 08 10:21 AM CDT
(Newser) - Big banks aren’t the only ones struggling to find the cash to keep going. Americans are feeling the pinch, and grabbing cash anywhere they can find it, the Wall Street Journal reports. Credit-card debts remains high, but more are turning to options that bring a quick infusion of cash... More »

MORE ABOUT:
personal finance • debt • 401k • consumer debt • life insurance • cash flow • reverse mortgage

Advice Amid Market Turmoil:
Don't Panic!

Ride out the storm
and hang on to your 401k, experts say

Jan 22, 08 12:55 PM CST
(Newser) - If you’re watching today’s economic news with trepidation, financial experts want you to take a deep breath. “This is not the beginning of the end,” said one analyst. “If you’re going to invest in stocks, this kind of volatility comes with the territory.”... More »

MORE ABOUT:
stock market • personal finance • recession • retirement fund • 401k

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