Mad Money host Jim Cramer explains why he believes an IRA is the single, best retirement vehicle out there.» Read More
"Sorry to say there isn't an easy answer to where to find all expenses on retirement accounts, which is definitely part of the problem," says Jennifer Erickson, co-author of a new study of 401 fees by the Center for American Progress. It's also shown as an annual dollar amount for every $1,000 you invest. But the $1,000 figure can be misleadingly low.
WASHINGTON— It's the silent enemy in our retirement accounts: High fees. And now a new study finds that the typical 401 fees— adding up to a modest-sounding 1 percent a year— would erase $70,000 from an average worker's account over a four-decade career compared with lower-cost options. The study comes from the Center for American Progress, a liberal think tank.
NEW YORK, April 9- It may sound like something you would train your dog to do, but the "reverse rollover" is a maneuver that more retirement-minded workers should try. Currently, 69 percent of company 401 plans allow workers to bring IRA money to them, according to the Plan Sponsor Council of America, an employer group.
The majority of 401(k) participants are too busy, overwhelmed or just plain bored to make any changes to how their retirement money is being invested.
Mad Money host Jim Cramer highlights the differences between your retirement and discretionary portfolio. Cramer says to be more conservative with your retirement, while using a more aggressive approach with your discretionary.
Workers' retirement confidence has recovered from record lows of the past five years, showing an increase in 2014. But that's not the whole story.
For many people, most of their savings are tied up in their 401(k) where they think their money is safe and will continue to grow. CNBC's Sharon Epperson speaks with three top financial advisors about the most common mistakes people make with their 401(k) savings plans.
The Labor Department proposed a new rule that would make it easier for 401(k) plan owners and their employers to determine fees and expenses.
March 11- The U.S. Department of Labor on Tuesday proposed a rule requiring pension plan service providers to offer a guide to help employers navigate disclosures about fees and potential conflicts of interest. However, the Labor Department said it feared that such disclosures were getting lost in lengthy, complex documents.
All generations of pre-retirees are facing some level of savings shortfall, but there are steps anyone can take to help build their 401(k).
Boeing said it expects to take a $110 million non-cash charge in the first quarter for the pension change. Boeing said the defined-contribution plans allow it to "better predict and manage financial risks."
CNBC's Phil LeBeau reports Boeing is going to end pension plans for non-union employees starting in 2016.
CNBC's Sharon Epperson provides insight on finding a personal financial advisor for those thinking of borrowing against their 401(k) to reduce their mortgage.
Members of Gen X, born between the early 60s and the early 80s, are smart about retirement savings. Or maybe not.
The AOL CEO’s comments about two “distressed babies” and how it impacted the company’s 401(k) decisions is only part of the story.
AOL chairman and CEO Tim Armstrong reverses changes to 401K plans.CNBC's Julia Boorstin reports.
AOL CEO Tim Armstrong reversed the company's decision to change 401(k) benefits. CNBC's Julia Boorstin has the details.
In a letter to employees, AOL CEO Tim Armstrong reversed the company's recent decision to change some 401(k) benefits.
AOL's Tim Armstrong issues a statement about a change in the company's match to employees' retirement accounts.
AOL Chairman and CEO Tim Armstrong explained changes in the company's retirement plan contribution.