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401(k) Plans: 20 Things You Should Know

HR Digest

Are you planning to invest in a 401(k) retirement savings plan, but unsure of the critical things to consider before making a decision? In this article, we will share 20 essential things you need to know about a 401(k), including contribution limits, investment options, employer contributions, fees, and more.

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The feds want your opinion on climate change and 401(k)s

Business Management Daily

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing.

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Roth vs Traditional 401K – Which is Best?

Stratus.HR

Did you know your 401K account offers two distinct ways to save? Traditional 401K. A Traditional 401K is sometimes referred to as the pre-tax option. What you won’t know is how much future tax you’ll have to pay on the dollars invested in a Traditional 401K. Roth vs Traditional 401K – Which is Best?

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Ten Upsides of Inflation

Money Talk

Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. 401(k)s) and IRAs are pegged to inflation. The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end.

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Financial Planning Tips for Older Women

Money Talk

saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. Those likely to decrease include auto expenses, clothing, and home maintenance/utilities (if downsizing). 401(k)s), tax-deferred accounts (e.g., IRAs), taxable accounts, rental real estate, other assets (e.g.,

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

Historically, the Code restricted 403(b) plans more than 401(k) plans in terms of the contributions and earnings available for hardship withdrawal. Before utilizing e-certification, plan sponsors should confirm that the record-keeper’s process collects and records the required participant self-certification responses.

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k). Electric, water, or other utility payment (27 percent). Paying utilities (22 percent). Credit card bills (30 percent).

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