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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: 401(k) plans

401(k) plans stories: 9 news summaries

analysis

 Don't Let the 
 Recession 
 Rule Out 
 Retirement 

Save more, use 'catch-up' tax law provisions to turn things around

(Newser) - Retirement savers have been facing grim truths, like the fact that a 50% portfolio loss requires 100% in earnings to recover. But middle-of-the-road investors could recover in as little as 2 years if they make contributions, receive a company match, and see fair long-term portfolio returns, writes Linda Stern in... More »

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retirement recession savings investor 401(k) plans

Obama Offers New Options for Retirement Savings

Americans can have tax refunds sent as savings bonds

(AP) - President Obama used his radio address today to roll out several initiatives aimed at making it easier for Americans to save for retirement. One move will allow people to have their federal tax refunds sent as savings bonds by checking a box on their tax return; another has workers automatically... More »

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Barack Obama retirement savings tax refunds retirement benefits 401(k) plans radio address

 Oldsters Refusing 
 to Step Aside to 
 Free Up Jobs 

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

(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 »

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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

Recession Creates Nation of Potty Mouths

F-bombs a popular
way to react to your 401(k) statement

(Newser) - The state of the economy has made for a lot of bad news, and bad news makes for a lot of cussing, MSNBC reports. “I’ve been dropping the F-bomb every time I look at the Dow,” said one 35-year-old writer. “You see that number and you... More »

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recession obscenity language swearing financial crisis 401(k) plans

OPINION
(Newser) - He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the... More »

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Dow Jones CNBC markets Jim Cramer pundits subprime crisis 401(k) plans Larry Kudlow

'Sneaky' Loophole Boosts Execs' Pensions

Through lump-sum payments, executives net millions extra

(Newser) - A change in federal disclosure requirements has revealed that some companies are inflating the value of retirement plans for—guess who?—top executives. By converting pensions, which generally pay out in installments over a retired employee’s lifetime, to a lump-sum payment, CEOs can increase the value by 10% to... More »

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taxes executive compensation pensions retirement benefits 401(k) plans Hartford Insurance

Publishers Rush to Meet Need for Financial Advice

Bevy of new books strikes more somber, conservative tone

(Newser) - Book publishers and sellers are rushing to meet demand for personal-finance titles as the unrelenting economic crisis combines with New Year’s resolutions to prompt consumers to seek professional advice, the Wall Street Journal reports. However, the thrown-together texts might not prove very helpful: Many authors fail to provide specifics... More »

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personal finance financial planning investment book self-help economic adviser financial crisis 401(k) plans

401(k) Decay Spurs Calls
for Change

Critics question if plans are robust enough to survive tough times

(Newser) - Americans depending on 401(k) plans for their retirement have taken a hammering as the stock market plunged during the past year, prompting critics to question the shortcomings of the system, reports the Wall Street Journal. Some 50 million American have 401(k)s, and Congress is weighing a revamp. "It's... More »

9 Stories