People affected by the crisis can access of up to $100,000 of their retirement savings without the usual 10% penalty.
During the Great Recession, about 20% of companies scaled back matching funds.
Senator Rand Paul wants to allow people to use retirement accounts to pay off student debt, tax- and penalty-free.
There are flaws in our retirement system, but GOP changes could make it worse, one expert says.
Putnam Investments' CEO has some ideas for making defined contribution plans more relevant.
Increasingly, retirement funds are being used for anything but retirement. But there are huge risks involved with raiding your retirement to start a business or for private equity investments.
Having had three job changes, my investments are in three locations, with a fourth about to start. I have a Roth and two 401(k)s. Is it a benefit to combine all investments into one account? I need to educate myself on my money. Most that I have invested is in aggressive funds. I am 47 and getting older each day!! Jeff, Tulsa, OK
There is a lot of theory motivating consumer-driven health plans like the HSA, much of it reminiscent of ideas promoted with the rise of the 401(k) retirement savings plan. Well, three decades later the 401(k) has turned out to be a deeply flawed pension. The same is likely to be true with consumer-driven healthcare plans.
We'd like to move into a new home, but we aren't confident that we could sell our existing home without taking a large beating on our down payment. I know there's a dollar/cost average play here (i.e., the house we'd buy would be depressed as well), but I just don't like that. So lately I've been considering purchasing a second home and renting our current one as a way to get past the current housing slump. Question is: If I reduce my 401(k) contributions to save for the down payment and eventually fund the new mortgage, (say, down to 6 percent or so to meet the match minimum), is that a good idea, an OK idea, a bad idea or a really bad idea? Thanks! Dean, Atlanta, GA