…participant loans and hardship withdrawals point to another problem – namely that too many people don’t have savings or emergency funds outside of their company’s retirement plan account. It’s no wonder that too often they look to their retirement account in times of financial stress….
…funds from PBGC’s single-employer program to the multiemployer program, and would impose a cumulative cap on tax-preferred retirement savings and retirement accumulations. In addition to the obvious “borrowing from Peter to pay Paul” principle at play here – rarely a good idea in the long…
…is to understand which options are available to you from each of your potential income sources, and the advantages and implications of withdrawing funds from each. Annuities Investing in annuities could be attractive to retirees looking to manage longevity risk.3 Lifetime income annuities provide a…
“Highlighting five trends in the capital markets and retirement industry which are expected to impact pension sponsors and retirees this year. Tax Reform Interest Rates PBGC Premiums The DOL Fiduciary Rule Exchange traded funds (ETFs) “…
…Relief, and Economic Security (CARES) Act of 2020 allowed individuals to access the lesser of $100,000 or 100% of their retirement savings without being subject to early withdrawal penalties, and allowing them to repay those funds over a three-year period without the monies being considered…