401k News

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Opinion: Closing the $1.3 Trillion State Pension Gap

(March 9) -- Earlier this week, The New York Times documented how state pension plans are putting more money in riskier investments while private companies are moving their pensions to safer climes. As the Times reports, states are "seeking higher returns for their pension funds, to make up for lost ground in the last...

Opinion: A Simple Way to Help Savers

(Jan. 29) – As part of his effort to help the middle class, President Obama has said that he wants to make it "easier to save for retirement" by "giving every worker access to a retirement account and expanding the tax credit for those who start a nest egg." It's a great idea, but will it work? The problem is real...

Background on 401k

A 401(k) is a type of retirement savings account in the United States, which takes its name from subsection [http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000401----000-.html#k 401(k)] of the Internal Revenue Code (Title 26 of the United States Code).

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