Tag: 401k
Ask middle-class Americans how they’re doing, and you’ll often get the same answer: there are still too many demands on my paycheck. Several recent surveys reach this conclusion, even though wages have been rising consistently at a time of low inflation. Student loans trump 401(k)s. Two top financial priorities are in conflict: student loan payments,…
Employers beware: changing your retirement plan’s design can have unfortunate, unintended consequences for your employees. That’s what happened to the Thrift Savings Plan (TSP) for federal workers, says a new study by a team of researchers for the NBER Retirement and Disability Research Center. Like many private-sector savings plans, the $500 billion TSP – on…
