401(k)s

Planning For Retirement? Don’t Overlook These Five Factors

Forecasting expenses in the distant future, particularly over several decades, poses a notable challenge. As funds are funneled into IRAs or 401(k)s, the prevailing belief often leans toward a hopeful outlook that steadfast financial contributions will pave the way for a comfortable retirement. However, there are certain underestimated variables in the calculation of retirement expenses. Understanding these five factors could aid in cultivating a more accurate and pragmatic retirement budget. Taxes In addition to seeking …

Read more

Pensions Preferred by Majority of Americans Over 401(k)s, Survey Finds

Los Angeles, California – A recent survey has revealed that a majority of Americans prefer traditional pensions over 401(k) plans. The survey, conducted by a reputable research firm, indicates a strong preference for a guaranteed monthly income in retirement, rather than relying on investments. The findings of the survey shed light on the financial concerns and priorities of American workers when it comes to retirement planning. Despite the growing popularity of 401(k) plans in recent …

Read more

401(K)s Tax Breaks Favored by Right, Abandoned by the Left as Plan to Plug Social Security Shortfall

Boston, MA – Tax benefits on retirement plans could be facing potential changes, as a new report claims that these benefits primarily advantage the wealthy. The report suggests that axing these tax benefits and redirecting those funds to Social Security could help bridge the shortfall in payments. According to a report co-authored by Alicia Munnell, a former assistant Treasury Secretary under President Clinton, and right-leaning economist Andrew Biggs, the current tax breaks on 401(K) and …

Read more