Tag: 401k
Protecting savers from rollovers to IRAs with high-fee mutual funds is particularly important. President Biden has announced that the Department of Labor will propose a new rule – the Retirement Security Rule – to extend fiduciary standards and close loopholes to protect people saving for retirement against conflicted advice. Ensuring that financial advisers make recommendations…
Imagine a married couple. Both work, and their earnings are identical. But one spouse’s employer is matching every dollar of her 401(k) contributions up to a cap. The other spouse’s 401(k) match is only 50 percent. They could increase how much they are saving for retirement by contributing first to the 401(k) with the fu…
