With Economy Prompting Growing Numbers of Workers to Cash Out 401 k s RolloverSystems Helps Stem Tide With apos Cash Out Calculator apos: related news

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

PRNewswire/ -- Workers who might be tempted to cash out their 401(k) savings to cope with the down economy now can get a reality check on how their decision will impact their long-term retirement security thanks to a cash-out calculator being made available by RolloverSystems Inc. (RSI), an independent provider of rollover services.

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

PRNewswire/ -- Workers who might be tempted to cash out their 401(k) savings to cope with the down economy now can get a reality check on how their decision will impact their long-term retirement security thanks to a cash-out calculator being made available by RolloverSystems Inc. (RSI), an independent provider of rollover services.

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

CHARLOTTE, N.C., July 22, 2008 /PRNewswire via COMTEX/ -- Workers who might be tempted to cash out their 401(k) savings to cope with the down economy now can get a reality check on how their decision will impact their long-term retirement security thanks to a cash-out calculator being made available by RolloverSystems Inc. (RSI), an independent provider of rollover services.

With Economy Prompting Growing Numbers of Workers to Cash Out 401(k)s, RolloverSystems Helps Stem Tide With 'Cash-Out Calculator'

Broadband Service Provider Trident SR Sdn. Bhd.

Cash Out Your 401(k) Now!

Here's an interesting trend: According to several recent studies, many job-changers -- 40% or more in some age groups -- chose to cash out their 401(k) balances rather than roll the money into an IRA or their new employer's plan.

Calculator Shows Consequence of Cashing Out 401(k)s

RolloverSystems Inc. now offers an online calculator that workers who are laid off, switching jobs, or struggling financially can use to determine how much money they will receive if trying to withdraw money from their 401(k) accounts.

Worksheet: The Roth 401(k) Estimator

This relatively new 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).")

Iraqi prime minister handing out cash

BAGHDAD, Iraq (AP) -- It is a politician's dream: Handing out cold, hard cash to people on the street as they plead for help. Iraq's prime minister has been doing just that in recent weeks, doling out Iraqi dinars as an aide trails behind, keeping a tally.

Iraqi PM walks streets, hands out cash

BAGHDAD, Iraq (AP) -- It is a politician's dream: Handing out cold, hard cash to people on the street as they plead for help. Iraq's prime minister has been doing just that in recent weeks, doling out Iraqi dinars as an aide trails behind, keeping a tally.

NEW POLITICS, PART TWO? Democrat Attacks On McCain's Military Service Demonstrate That Obama's 'New Politics' Are Just Words

NEW POLITICS, PART TWO? Democrat Attacks On McCain's Military Service Demonstrate That Obama's 'New Politics' Are Just Words

Coombes says leave 401(k) alone

SAN FRANCISCO (MarketWatch) -- When prices are rising and bills are pressing, any available cash may seem like the perfect solution to a short-term crunch. And that means people switching jobs these days may be more tempted than ever to cash out their 401(k).

Coombes says leave that 401(k) alone

SAN FRANCISCO (MarketWatch) -- When prices are rising and bills are pressing, any available cash may seem like the perfect solution to a short-term crunch. And that means people switching jobs these days may be more tempted than ever to cash out their 401(k).

Sometimes It Pays To Borrow From Your 401(k)

The financial media has coined a few pejorative phrases to describe the pitfalls of borrowing money from a 401(k). Some members of the financial press would even have you believe that taking a loan from a 401(k) plan is an act of robbery committed against your own retirement. However, this idea may be more urban myth than reality. According to a study by the Employee Benefits Research Institute (EBRI), 18% of all 401(k) participants had plan loans outstanding in 2006. Clearly, these loans have a following and, in fact, they can be appropriate in some situations. Let's take a look at how such a loan could be used sensibly and why it need not spell trouble for your retirement savings (For related reading, see Eight Reasons To Never Borrow From Your 401(k).

What Small Business Owners Need to Know About 401(k)s

Running a small business can be a life-consuming process, so sometimes small-business owners miss the forest for the trees. Maybe that's why only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. Small-business owners are so focused on developing their businesses that some do not realize that those assets can grow at a much faster rate for their retirement under the right plan. An October survey by ING DIRECT's ShareBuilder401k, which designs 401(k) plans for small businesses, found that "not enough employees" was the top reason cited by small-business owners as to why they do not have a 401(k) plan. That's despite the fact that even sole proprietorships with no other employees can have 401(k)s.

401(k) Participants Pull Out from Equities

401(k) participants continued to flee equity holdings in June 2008, according to Hewitt’s 401(k) Index.

Concerned About Your 401(k)?

Carmen appeared on The Call Thursday with Melissa Francis to discuss how to manage your 401(k) in a tough economy. Should you take money out if you're cash-strapped or let it play in hopes of catching a market upswing? Watch the video for valuable insight on what to do with your nestegg no matter how close to -- or far from -- retirement you may be.

KOHL HEARING TO EXAMINE STEEP RISE IN 401(k) LOANS, PLAN POLICIES TO REDUCE LOSS OF SAVINGS

WASHINGTON - On Wednesday, July 16, U.S. Senate Special Committee on Aging Chairman Herb Kohl (D-WI) will hold a hearing on reducing 401(k) leakage caused by loans and withdrawals, which can result in a substantial loss in retirement savings. At the hearing, the Center for American Progress will release a report entitled, "Robbing Tomorrow to Pay for Today: Economically Squeezed Families are Turning to Their 401(k)s to Make Ends Meet," which demonstrates that loans are not only increasing in number, but that the amounts taken out and the percentage of participants taking loans is growing substantially as well.

Stull, Stull & Brody Announces Investigation on Behalf of Participants and Beneficiaries of the 401(k) Savings and Profit Sharing Plan of the McGraw-Hill Companies, Inc. and Its Subsidiaries and the Standard and Poor's 401(k) Savings and Pr

Stull, Stull & Brody Announces Investigation on Behalf of Participants and Beneficiaries of the 401(k) Savings and Profit Sharing Plan of the McGraw-Hill Companies, Inc. and Its Subsidiaries and the Standard and Poor's 401(k) Savings and Profit Sharing Plan for Represented Employees

Yahoo! Announces New Privacy Choice

Yahoo! Inc. announced that it will offer users the ability to opt-out of customized advertising on Yahoo.com. This new option expands Yahoo!'s existing opt-out program for customized advertising served by Yahoo! on third party networks. Yahoo! announced the new opt-out capability as part of its response to a Congressional inquiry about customization sent to 33 companies from the House Energy and Commerce Committee. This new opt-out capability is expected to be available for consumers by the end of August. Users will be able to access the opt-out in the Yahoo! privacy center, which is linked on the home page and nearly every page on the Yahoo! network.

Bolt a huge fan of Hayden and Gilchrist

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Workers swearing off 401(k) loans, says survey

You’ve heard this story all year long: scores of workers are struggling to meet payments on mortgages or maxed-out credit cards—or both—and are now tapping into their 401(k) savings as a last resort.

Fans Experience 'Sweet Emotion' as Activision's Guitar Hero(R): Aerosmith(R) Rocks Retail Shelves Nationwide

Fans Experience 'Sweet Emotion' as Activision's Guitar Hero(R): Aerosmith(R) Rocks Retail Shelves Nationwide

Roth Feature Boosts Benefits For 401(k) And 403(b) Plans

Roth 401(k) and 403(b) plans, available since January of 2006, offer substantial benefits for employees who are looking for ways to shelter income from taxes on a permanent basis. However, it can be difficult for employees to know whether they will come out ahead by selecting the Roth option in their plans instead of the traditional pretax contribution features. Let's take a look at some of the benefits of the Roth feature and compare them to traditional retirement plans. (For background reading, see Introducing The Roth 401(k).)

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