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Keyword: 401k

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  • Social Security vs private retirement (Vanity)

    12/01/2019 7:38:38 AM PST · by rey · 38 replies
    1 December 2019
    I remember seeing a couple of sites/articles on how if one were to pay the same amount into a private retirement fund or annuity investment how much more one would get in return than they would from social security. Can someone help locate such a site/article? Thanks.
  • Mayor Pete’s Senior Vote Plan: He wants government everywhere—including a public option 401(k).

    11/30/2019 5:03:31 AM PST · by karpov · 18 replies
    Wall Street Journal ^ | November 29, 2019
    [Buttigieg's plan would] • Expand Social Security with “a new special minimum benefit of 125 percent of the federal poverty line for any senior who has worked at least 30 years.” Unpaid caregivers of any “child, elderly, or disabled dependent” would be “awarded credit toward Social Security benefits” as if working for pay—applied in some cases “retroactively by five years.” Mr. Buttigieg doesn’t say what these additions would cost, but Social Security is on track to go broke as it is. The program is expected to pay more in benefits than it raises in taxes next year, and this funding...
  • Buttigieg proposes public 401(k) option

    11/28/2019 9:30:37 AM PST · by karpov · 80 replies
    Think Advisor ^ | November 25, 2019 | Melanie Waddell
    Democratic presidential candidate Pete Buttigieg, the mayor of South Bend, Indiana, released Monday a new proposal for a public 401(k) option as a companion to his health care proposals. Buttigieg “is proposing to create a government-run 401(k) plan that would be attached to Social Security,” said Brian Graff, president and CEO of the American Retirement Association in Washington. “Similar to his health insurance proposal, employers with existing defined benefit plans would be able to keep those plans,” Graff explained. “Employers with existing defined contribution plans would be able to keep their plans as long as they met minimum requirements including...
  • How Long Will Your $1 Million Last In Retirement?

    10/29/2019 8:32:13 AM PDT · by SeekAndFind · 94 replies
    IBD ^ | 10/29/2019 | Paul Katzeff
    div class="single-post-content post-content drop-cap"> Congratulations! Your retirement planning paid off. You built a $1 million retirement nest egg. But how long will $1 million last in retirement? Retirement Planning To Make Your $1 Million Last Let's say you're 65 years old and earn $115,000 a year. That's a decent annual income, but it's no king's ransom. It's enough to let you sock away good chunks of money each year. But it's not so high that it trips over income limits when it comes to saving in a retirement plan such as a 401(k).The simple arithmetic answer to the how-long-will-it-last retirement...
  • Should You Dump Your Mutual Funds For ETFs? What's the real Difference?

    10/15/2019 9:50:40 AM PDT · by SeekAndFind · 26 replies
    IBD ^ | 10/15/2019 | Paul Katzeff
    For the diversified portion of countless investors' portfolios, the key choice has been ETFs vs. mutual funds for years now. For many investors, the choice boils down to this: Exchange traded funds tend to be cheaper than mutual funds. So shouldn't investors simply stick with ETFs? X In fact, shouldn't you dump your mutual funds for ETFs?You might be tempted to switch since many financial advisors and independent investment strategists now focus on using ETFs rather than mutual funds to build clients' portfolios. That's mainly because of cost, flexibility, transparency and tax efficiency:ETFs cost less. Most ETFs have lower...
  • Congress Is Coming for Your IRA

    07/20/2019 12:54:26 PM PDT · by BradtotheBone · 125 replies
    The Wall Street Journal ^ | July 9, 2019 7:06 pm ET | By Philip DeMuth
    Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement-account assets. The House passed the Setting Every Community Up for Retirement Enhancement Act, known by the acronym Secure, in May. The vote was 417-3. The Secure Act is widely expected to pass the Senate by unanimous consent. While ostensibly helping Americans save for retirement, the bill would actually reduce the value of all retirement savings plans: individual retirement accounts, 401(k)s, Roth IRAs, the works. The main problem with the Secure Act is that it eliminates the stretch IRA, the fixed star in the...
  • We Demand Dividends

    06/09/2019 7:33:10 PM PDT · by vannrox · 27 replies
    Town Hall ^ | Posted: Jun 09, 2019 12:01 AM | Gil Gutknecht
    Baby Boomers are retiring. Most are now starting to take their pensions and Social Security. The more fortunate are beginning to dip into their IRAs and 401Ks. As we reach this milestone, our views tend to harden. We are growing less tolerant. Some may call it cranky. We don’t buy a lot of the nonsense that is shoved down our throats by so many of the so called experts on television. We frequently find ourselves yelling back at them. We are even less tolerant of all the politically correct BS. As our circulation slows, we look forward to spending more...
  • We Demand Dividends

    06/09/2019 4:43:32 AM PDT · by Kaslin · 37 replies
    Townhall.com ^ | June 9, 2019 | Gil Gutknecht
    Baby Boomers are retiring. Most are now starting to take their pensions and Social Security. The more fortunate are beginning to dip into their IRAs and 401Ks. As we reach this milestone, our views tend to harden. We are growing less tolerant. Some may call it cranky. We don’t buy a lot of the nonsense that is shoved down our throats by so many of the so called experts on television. We frequently find ourselves yelling back at them. We are even less tolerant of all the politically correct BS. As our circulation slows, we look forward to spending more time in...
  • Liberals Are Gunning for Your 401K

    06/07/2019 4:12:56 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | June 7, 2019 | Ken Blackwell
    Trump-hating liberal activists know how to cause trouble. With record low unemployment numbers and a thriving economy, we have seen well-organized activists interrupting townhalls, blocking traffic in major cities, and using violence. But there is an awful type of activism happening out there, and it affects us all. Even though this activity is underreported, it affects everyone's 401K retirement savings. Shareholder activists are taking direct aim at companies - such as oil companies and gun manufacturers - by abusing rules that publicly traded companies must follow to promote a far-left agenda. Instead of trying to gun control pass laws through...
  • Liberals are gunning for your 401(k)

    06/04/2019 7:32:41 AM PDT · by SeekAndFind · 41 replies
    American Thinker ^ | 06/04/2019 | Ken Blackwell
    Trump-hating liberal activists know how to cause trouble. With record low unemployment numbers and a thriving economy, we have seen well organized activists interrupting town halls, blocking traffic in major cities, and using violence. But there is an awful type of activism happening out there, and it affects us all. Even though this activity is underreported, it affects everyone's 401(k) retirement savings. Shareholder activists are taking direct aim at companies — such as oil companies and gun-manufacturers — by abusing rules that publicly traded companies must follow to promote a far-left agenda. Instead of trying to pass gun control laws...
  • We asked 15 experts, “What do we do now that will be considered unthinkable in 50 years?”

    04/03/2019 11:42:10 AM PDT · by Borges · 151 replies
    Vox ^ | 4/3/2019 | Various
    <p>Some 50 years ago, in 1964, 42 percent of Americans smoked cigarettes. Smoking in bars and offices was normal and cigarettes were given to soldiers as part of military rations. Half of American physicians smoked. Ads for cigarettes bombarded the American public. That year, the surgeon general released a report outlining the health risks of smoking. Two years later, only 40 percent of Americans said that they believed smoking was a major cause of cancer.</p>
  • Top Democrat (Wyden) Proposes Annual Tax on Unrealized Capital Gains

    04/02/2019 10:52:34 AM PDT · by reaganaut1 · 131 replies
    Wall Street Journal ^ | April 2, 2019 | Gabriel T. Rubin
    WASHINGTON—The top Democrat on the Senate’s tax-writing committee wants to tax long-term investments like other types of income, raising rates and requiring the wealthiest people to pay taxes on their unrealized gains each year. The plan from Sen. Ron Wyden of Oregon is the latest proposal from Democrats in Congress and on the presidential-campaign trail to boost taxes on the wealthy in a bid to address what they view as the problems of economic inequality and provide a funding stream to pay for new programs. While the specific proposal has little chance to become law anytime soon, such ideas could...
  • Lawmakers Push New Retirement Legislation (RMD @ 72 instead of 70 1/2)

    03/30/2019 11:39:10 AM PDT · by abb · 84 replies
    The Wall Street Journal ^ | March 29, 2019 | Anne Tergesen and Richard Rubin
    Congress is making another push on legislation that could make it easier for small companies to offer 401(k) plans and for workers to guarantee themselves an annual income after they retire. A bipartisan group of lawmakers including Rep. Richard Neal (D., Mass.), chairman of the House Ways and Means Committee, announced Friday the legislation would repeal the age cap for contributing to individual retirement accounts, currently 70½. It would also increase the age at which owners of tax-deferred retirement accounts are required to start taking withdrawals from those accounts to 72 from 70½. Because the measure has support from key...
  • Trumponomics Makes 401(k) Millionaires Like The Swiss Make Chocolates

    08/20/2018 8:31:50 AM PDT · by SeekAndFind · 20 replies
    IBD ^ | 08/21/2018
    It was a little report, one you might easily have missed, from the people at Fidelity Investments: The number of people with more than a million dollars in their 401(k) is soaring. Bad news for the economics of envy. Fidelity says that the number of people at the end of the second quarter with a million dollars or more in their Fidelity 401(k) surged by 50,000 to 168,000, a 42% gain. Fidelity has 16.1 million 401(k) accounts under management, with an average balance of $104,000, up 6.4% from a year ago. "Individuals are increasing their savings rates, they're taking advantage...
  • What Is The Most I Can Receive From My Social Security Retirement Benefits?

    08/02/2018 2:29:04 PM PDT · by Red Badger · 103 replies
    www.forbes.com ^ | Apr 18, 2018, 06:38am | David Rae
    The maximum monthly Social Security benefit for a person retiring in 2018, at their full retirement age, is $2,788 per month , or $33,456 per year. To achieve this benefit, you must have had the maximum taxable earning for a whopping 35 years. It is for this reason, that most people’s benefits will be far less. Forget this number if you plan to retire ahead of your full retirement age. Do you think you could live off $2,788 per month? Before you think about that, it’s important to note that the average check for 2018 is just $1,404 per month....
  • 3 Ways to Boost Your Social Security Benefits in Your 60s

    08/02/2018 10:02:18 AM PDT · by Red Badger · 19 replies
    The Motley Fool ^ | Aug 2, 2018 at 7:21AM | Sean Williams (TMFUltraLong)
    It's not too late to increase your take-home from America's most important social program. There's a really good chance you'll be reliant on Social Security when you retire. According to data from the Social Security Administration, 62% of today's aged beneficiaries lean on the program to provide at least half of their monthly income. Of these folks, 34% rely on Social Security for virtually all of their income (90% to 100%). As for future retirees, national pollster Gallup found a strong expected reliance in an April 2018 survey. When polling nonretirees, Gallup observed that 30% expect Social Security to be...
  • Should You Take Social Security at 62, 66, or 70?

    08/02/2018 9:22:46 AM PDT · by Red Badger · 164 replies
    The Motley Fool ^ | updated on January 11, 2018, and originally published on March 25, 2017 | Todd Campbell (TMFEBCapital)
    Social Security benefits can be claimed at any point after a recipient turns age 62, and most Americans take their Social Security as soon as they can. Claiming benefits early can be smart, but it can pay off to wait. If you're deciding when to start receiving Social Security, here's what to consider. Estimate your expenses Retirement usually means a big drop in income, and if you don't have a solid grasp on what your spending is going to look like in retirement, then you won't be able to make the best decision on when to claim. Depending on who...
  • Retirement Savings: More Americans Than Ever Have $1 Million In Assets Or More

    04/16/2018 9:50:17 AM PDT · by SeekAndFind · 94 replies
    IBD ^ | 04/16/2018 | Paul Katzeff
    Do you think saving for retirement is just too tough? Think again. The number of people with 401(k) balances of at least $1 million hit a record 150,000 at the end of 2017 in plans run by Fidelity Investments. Likewise, the number of Fidelity-run IRAs with retirement savings balances of $1 million or more hit a record 152,000. And if $1 million seems out of reach for you — at least for now — don't worry, because those million-dollar balances were part of a broader pattern of retirement savings balances overall growing to record highs. Your retirement savings balances can...
  • The big mistake investors make once they hit that first $1 million

    02/01/2018 7:31:07 AM PST · by SeekAndFind · 54 replies
    Marketwatch ^ | 02/01/2018 | Mitch Tuchman
    Rich people — really rich people — have an inside joke about spending in retirement: They call it “skiing.” Not skiing as in snow skiing, but “spending our kids’ inheritance.” They use it in reference to splurges, such as pricey wines, cruises through Europe, second homes, or whatever strikes their fancy. They don’t feel bad about spending, because there’s little chance that they’ll spend so much that their own retirement is put at risk. It is truly their kids’ money, so why not? Here’s the crazy thing. A recent Washington Post story details how ordinary savers, folks who are comfortable,...
  • Increase Exemptions to Boost Retirement Savings 2018

    01/17/2018 3:14:40 AM PST · by CptnObvious · 23 replies
    Vanity | January 17, 2018 | Self
    If you've gotten yourself out of debt (except the mortgage) and have a sizable emergency fund ( 3-6 months expenses) 2018 may be a great year to boost your Retirement savings. Many will have increased paychecks and be able invest wisely, but not as much as they could. Many will benefit in 2019 from the 2018 tax cuts and increased Child Tax Credits by getting huge refunds in 2019. But why wait? Time is Money. By Increasing your Withholding Exemptions NOW you can increase your paycheck and boost your Retirement savings even more! Make it a priority to get any...