Answering safety questions on banks 401 k s: related news

The Roth 401(k) Estimator (401(k) Plans)

This retirement savings option, which first became available on January 1, 2006, combines features of both a traditional 401(k) plan and a Roth IRA. Like a Roth IRA, contributions are made on a post-tax basis and qualified withdrawals taken during retirement are completely tax free. (With a traditional 401(k), contributions are pretax and withdrawals taken during retirement are taxed as ordinary income.) And like a traditional 401(k), the Roth 401(k) has no income restrictions — if your employer offers it, you're eligible. (For more details, read our story, "Introducing the Roth 401(k).")

401(k) Debit Cards: Taking A Swipe At Your Retirement Savings

Debit cards linked to 401(k) accounts give individuals the ability to access funds approved for loans from their retirement savings quickly and easily. But given Americans' already low rate of saving for retirement, is it such a good idea? If you have a 401(k) plan and are considering applying for a loan from your account, it is crucial to understand how a 401(k) debit card works if your employer allows you to access the loan in this way. Let's take a look at the potential pros and cons of using a debit card to access your 401(k) loan funds, and how to determine whether you should to use the feature. (For background reading on 401(k) plans read The 4-1-1 on 401(k)s.)

Answering safety questions on banks, 401(k)s

Today I'll answer some common questions I have been getting from people who are wondering how the financial crisis could affect their savings and investments.

As 401(k) Plan Sponsors Enter Economy-Fueled 'Termination Season,' RolloverSystems Offers 401(k) Plan Termination Services Suite

As 401(k) Plan Sponsors Enter Economy-Fueled 'Termination Season,' RolloverSystems Offers 401(k) Plan Termination Services Suite

401(k) Plan Fees: What Must Be Disclosed, to Whom and When?

Do you know all of the fees being charged to participants in your company’s 401(k) plan? Do you know what 401(k) plan fees your company is paying? Do you know how much compensation your company’s 401(k) plan recordkeeper and other service providers are receiving?

401(k) Debit Cards Now Being Offered

The SEC advises that a number of companies are beginning to offer a 401(k) debit card to employees who invest in 401(k) retirement programs. This card allows the employee to borrow up to $50,000 or 50 percent of the value of the retirement plan, whichever is less, through use of a debit card. However, unlike a debit card that deducts money from a bank account, this 401(k) withdrawal is a loan from the retirement account and users must repay it along with fees and interest or incur substantial penalties. More information may be found at www.finra.org/investorinformation.

Afraid for your 401(k)? Heres some answers

I got a lot of questions about the financial crisis over the weekend and the main theme seemed to be that people are scared, mainly about their 401(k) accounts. That’s understandable: 401(k)s are usually the first and sometimes the only introduction people get to the stock market. If that’s your only investment, you’re probably scared. So I’ll answer some of those questions below:

Will Your Employer Eliminate 401(k) Matches?

Retirement savers already reeling from catastrophic stock market losses can add a new worry to their sleepless nights: losing their employer's 401(k) match. General Motors employees saving for retirement will no longer receive a match for retirement dollars tucked into their 401(k)'s. And many retirement experts say that other companies are likely to suspend 401(k) matches as the financial crisis exerts pressure on their bottom lines.

Ascensus, LPL Financial and 401(k) Advisors Partner to Deliver a New Retirement Plan Offering with Fiduciary Protection

s largest independent administrator and recordkeeper for plans in the micro to large segments of the market, announced today it has partnered with LPL Financial and 401(k) Advisors to deliver a unique and innovative retirement plan solution: Fiduciary Advisor 401(k). Designed to support financial advisors and their clients, Fiduciary Advisor 401(k) is a comprehensive suite of retirement plan services, featuring a broad investment platform, full-fee disclosure and fiduciary protection.

Will your employer eliminate its 401(k) match?

Retirement savers already reeling from catastrophic stock market losses can add a new worry to their sleepless nights: losing their employer's 401(k) match. General Motors employees saving for retirement will no longer receive a match for retirement dollars tucked into their 401(k)'s. And many retirement experts say that other companies are likely to suspend 401(k) matches as the financial crisis exerts pressure on their bottom lines.

CAR rise keeps Indian pvt sector banks risk-free

Even as reputed banks tumbling and shutting shop across the world, capital adequacy ratio (CAR) could put to rest any doubt about the health of private sector banks in India. Not only many banks in the country have seen their capital adequacy ratio growing in FY08, private sector banks’ CAR grew more than that of the public sector banks (PSB). A study of CAR of 18 private banks and 27 PSBs during 2007-08 and 2006-07 by FE shows the average CAR of private banks rose from 13.32% to 15.32%.

As 401(k) Plan Sponsors Enter Economy-Fueled 'Termination Season,' RolloverSystems Offers 401(k) Plan Termination Services Suite

PRNewswire/ -- RolloverSystems Inc. (RSI), an independent provider of rollover management services, is offering a suite of solutions to help advisors and plan sponsors easily and responsibly terminate their 401(k) plans, an occurrence which could be common due to economic woes this Fall, a time also known as "plan termination season."

Belarusian banks have sufficient liquidity - National Bank of Belarus

MINSK. Oct 10 (Interfax) - Despite the ongoing financial crisis in Russia and Europe, the National Bank of Belarus believes that the country's banking system has enough liquidity, Sergei Dubkov, the head of the National Bank's banking supervisory director, told Interfax. "The Belarusian banking system is carrying out all prudential standards. The banks are not experiencing substantial liquidity problems," Dubkov said. "The currency standing of Belarusian banks has been kept at a substantial level. This is true of both state banks and banks with foreign ownership, including RussianBelarusian banks have the opportunity of raising funding from parent companies, including that of leading Russian financial market players. Belarusian banks have retained opportunity of borrowing on other foreign markets.

401(k)s Take On Traits Of Old Pensions

But taken together, they form a key larger trend. Now 401(k) plans are morphing in the direction of traditional pension plans. Huge differences remain between the two types of retirement programs. But 401(k)s are taking on some of traditional pension plans' leave-the-driving-to-us features.

401(k)s Take On Traits Of Old Pensions

But taken together, they form a key larger trend. Now 401(k) plans are morphing in the direction of traditional pension plans. Huge differences remain between the two types of retirement programs. But 401(k)s are taking on some of traditional pension plans' leave-the-driving-to-us features.

401(k) rollover delay seems unreasonable

Q: What recourse does a person have if a former employer does not process the paperwork to roll over their 401(k) plan into another plan? I worked for a small company for 15 months in 2006-2007 and accumulated about $4,000 in my 401(k). Three months after I left the company, I notified them that I wanted to roll over to Fidelity Investments. That was last October.

Your 401(k): A vested interest

Question: My company’s 401(k) vesting period is longer than I plan to stay at my job. Should I still invest in my 401(k) knowing that I will not receive any employer matching?

Study: Too Many 401(k) Choices Can Lead to More Risky Investments

p>The typical 401(k) plan offered 18 funds choices last year. Savvy investors often relish the array of options and seek out the lowest fees and best returns. But for an inexperienced retirement saver, confusing terms, fine print, and seemingly indecipherable differences between mutual funds can seem daunting. And new research indicates that too many choices in a 401(k) may even lead inexperienced investors to take on more risk than they would with fewer options.

A Rutgers School of Business, University of Texas-Austin, and University of Pittsburgh study found that many employees without extensive investment knowledge will choose a heavier concentration of stocks in their portfolio when confronted with more fund options. A large fund assortment more than doubled investment in stocks among those less knowledgeable, from 29 percent t

Securian's Annual 401(k) Checkup Helps Employees Keep Pace With Retirement Savings...

Securian's Annual 401(k) Checkup Helps Employees Keep Pace With Retirement Savings Goals ST. PAUL, Minn., Nov. 12 /PRNewswire/ -- When we get serious about saving for retirement, we do some quick calculations and come up with The Number -- the amount we think we need to save to provide enough income to last throughout retirement. As time goes by, that number may fluctuate and it becomes difficult to know whether retirement savings are on track. People enrolled in Securian Retirement 401(k) plans can track their savings progress on their plan statements. Once a year, in clear language with simple graphics, the Annual Checkup provides retirement plan participants with an estimate of how close their current savings rate will bring them to The Number.

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