Tag

401k

All articles tagged with #401k

politics5 days ago•1 min saved

Trump Considers Executive Order to Address Housing Affordability and Wall Street's Role

President Trump is drafting an executive order aimed at addressing affordability issues, including potential changes to restrictions on using 401(k) funds for homebuying, amidst ongoing political debates about housing and inflation. Senate Democrats and Republicans are discussing policies that could impact the housing market and individual savings, with the White House indicating that policy announcements are forthcoming.

via Politico|

#401k #affordability #executive-order

finance14 days ago•5 min saved

New Rule Eases Penalty-Free 401(k) Withdrawals, but Practicality Questioned

A new rule allows penalty-free 401(k) withdrawals for long-term care insurance, but experts warn it may not be practical due to limitations and high costs of insurance premiums, and the potential tax implications of using retirement funds for this purpose.

via CNBC|

#401k #finance #insurance-costs

business2 months ago•2 min saved

Stock Market Hits Record Highs: Are We Ready?

The U.S. and global stock markets are hitting record highs, including bonds, gold, and cryptocurrencies, prompting investors to reassess their portfolios for risk as the market remains volatile with potential for sharp drops, despite optimistic forecasts and strong earnings.

via Yahoo Finance|

#401k #business #investment-risk

business3 months ago•1 min saved

High Earners Face 401(k) Tax Break Changes Amid New Regulations

Starting in 2026, higher earners with more than $145,000 in previous-year income will generally be required to make Roth 401(k) catch-up contributions, potentially affecting their tax planning strategies for retirement savings. Experts advise reviewing options with financial advisors to optimize tax benefits before the rule change takes effect.

via CNBC|

#401k #business #catchupcontributions

finance3 months ago•2 min saved

401(k) Contribution Rules Change May Impact High Earners Over 50

Starting in 2027, high earners over $145,000 who contribute to 401(k)s will only be able to make catch-up contributions with Roth (after-tax) dollars, removing the previous option of pretax contributions, which could impact their tax deductions and retirement savings strategies.

via Yahoo Finance|

#401k #contributionrules #finance

economy3 months ago•4 min saved

Americans Struggle to Save for Retirement Amid Rising Cost of Living

A Goldman Sachs study reveals that more Americans are living paycheck to paycheck, with 42% of younger workers having no savings after expenses, making retirement savings increasingly difficult due to rising costs of essentials like housing and healthcare. The shift from pensions to 401(k)s has placed more responsibility on individuals, many of whom feel unprepared for retirement, highlighting the need for new strategies and policy changes to address the growing financial insecurity.

via CBS News|

#401k #american-workers #economy

finance3 months ago•3 min saved

New Rule Alters Tax-Deferred Status for Some 401(k) Contributions

A new rule under the Secure 2.0 law will require high earners over 50 making catch-up contributions to their 401(k)s to pay income tax on those contributions starting next year, effectively converting them to Roth contributions. This change primarily affects those earning over $145,000, potentially increasing current tax bills but offering tax-free growth and withdrawals for the Roth portion. The rule aims to target high earners and may influence retirement savings strategies.

via CNN|

#401k #catch-up-contributions #finance

finance3 months ago•2 min saved

Gen X's Retirement Challenges and Savings Struggles

Many Generation X individuals face financial challenges for retirement, with low savings, lack of confidence, and a shift away from pensions towards 401(k)s, which have historically been less robust, leading to concerns about outliving savings and postponing retirement.

via Yahoo Finance|

#401k #finance #financial-planning

business3 months ago•2 min saved

IRS and Treasury Finalize New Rules for Retirement Catch-Up Contributions

The IRS and Treasury have finalized rules for 401(k) catch-up contributions, which will require higher earners to make these contributions as Roth (after-tax) starting in 2027, with some plans able to implement the change in 2026. This change aims to fund legislation and offers workers options to choose between pretax and Roth contributions, depending on their financial situation and future tax expectations. Experts advise consulting with financial advisors to optimize retirement savings strategies amid these evolving rules.

via CNBC|

#401k #business #catch-up-contributions

politics3 months ago•6 min saved

Trump's 401(k) Changes Spark Legal and Investor Concerns

A new Trump executive order allows 401(k) holders to invest in risky alternative assets like private equity and cryptocurrencies, which experts warn could lead to higher risks and potential exploitation, benefiting wealthy investors and Trump cronies at the expense of average workers' retirement security.

via Truthout|

#401k #alternative-assets #cryptocurrency

finance4 months ago•11 min saved

The Growing Influence of Private Equity and Crypto in Retirement Plans

The Trump administration's executive order aims to allow private equity and other private-market assets in 401(k) plans, opening a $12 trillion market for retirement savings. While this presents opportunities for private-equity firms and diversification for investors, concerns about high fees, performance variability, liquidity, and regulatory safeguards remain. The implementation process will take time, and the impact on retirement returns and investor protection is still uncertain.

via Barron's|

#401k #finance #private-equity

business4 months ago•7 min saved

Private Equity and Crypto: The New Frontier for 401(k) Investments

The Trump administration signed an executive order to make it easier for 401(k) retirement plans to include private-market assets like private equity, potentially opening a significant new market for private-equity firms and offering retirement savers access to diversified investments, though concerns about fees and risks remain.

via Barron's|

#401k #business #private-equity

business5 months ago•3 min saved

Potential Impact of Private Equity and Crypto on Your 401(k)

An executive order aims to include alternative assets like private equity and cryptocurrency in 401(k) plans, potentially democratizing access but also introducing higher risks, fees, and complexity. Experts advise caution, recommending sticking to traditional stock and bond funds for most investors.

via NPR|

#401k #business #cryptocurrency

business5 months ago•4 min saved

Trump's 401(k) Executive Order: New Investment Options and Risks

President Trump signed an executive order to allow more diverse investments like crypto, real estate, and private equity in 401(k) plans, potentially broadening options but also introducing higher risks and fees, with experts advising caution and limited exposure for most investors.

via NPR|

#401k #alternative-assets #business

business5 months ago•3 min saved

Trump's 401(k) Order Opens Doors to Crypto and Alternative Assets

President Trump signed an executive order allowing Americans to include cryptocurrencies in their 401(k) retirement plans, signaling a more crypto-friendly stance. Notable cryptocurrencies to consider include Bitcoin Cash, Binance Coin (BNB), and Unus Sed Leo (LEO), each with potential for growth amid the evolving regulatory environment and increased institutional interest.

via Barchart.com|

#401k #binance #bitcoin-cash