Despite concerns that the Republican tax plan would deliver a major blow to retirement savers by dramatically reducing how much they could stash away in their 401(k)s each year, that provision has not come to pass. So retirement savers can breathe a sigh of relief…right? Not necessarily. The author of today’s article warns that “while it’s good that Republicans backed off on their idea to crimp 401(k) accounts, retirees—and soon-to-be retirees—should not think they’re out of the woods. President Trump and House Speaker Paul Ryan are now proposing a new cash grab.” To read more, CLICK HERE.
If you’re close to retirement you can thank them for helping to give the return on your retirement savings a boost. But if your retirement is still a ways off, the author of today’s article warns that “you’re going to have a devil of a time getting a decent return on your retirement savings” because of them. The “them” in question is the Chinese middle class, which the author notes is flooding its savings into global markets – pushing up asset prices, pushing down yields, and creating dim prospects for real returns in the future. So what can younger U.S. workers do in light of this grim reality? CLICK HERE.
Based on the findings of a recent analysis conducted by human resources consultancy firm Aon Hewitt, half of 401(k) investors using target-date funds may be using them wrong. What exactly are people getting wrong when it comes to target-date funds? They “spread their dollars across other investments available to them in their plans” rather than using the target-date fund – meant to be an “all-in” vehicle – exclusively. How can investing only some of your 401(k) savings in target-date funds have a negative impact on your retirement savings? CLICK HERE to find out.