Tag: 401k
A “Social Security bridge” may be the best option for generating lifetime income from 401(k)s. 401(k) plans and Individual Retirement Accounts (IRAs) provide little guidance on how to turn accumulated assets into income. As a result, retirees have to decide how much to withdraw each year and face the risk of either spending too quickly…
But suspension much less important this time around. As soon as the economy shut down last March, our center decided to systematically record the names of companies that announced they were suspending the employer 401(k) match. We thought we were quite clever because during the 2008-2009 meltdown, we started late and had to go back…
