Utah legislative audit: Retired state employees who return to work shouldn’t double-dip
Utah audit: Ban state workers from double-dipping Your Money: New tax rules allow more people to convert to a Roth IRA
Your Money: More Roth IRA conversions allowed Unemployment tops 10 percent again _ and it’s tougher off the job than a generation ago
Jobless: 10 percent is tougher than it used to be New combined pension/401k retirement plan may come in January
Best of both worlds? Combined pension/401k plan Stakes are high in Maine’s vote on gay marriage; out-of-state money pours in from both sides
Stakes are high in Maine’s vote on gay marriage BrightScope and Target Date Analytics combine to create new target date index
BrightScope, Target Date Analytics form new index Warnings to save ignored as half of workers changing jobs cash out 401K
Half of workers changing jobs cash out 401k IRS decides to keep retirement contribution limits same for 2010DES MOINES — The maximum contribution limits for your 401(k) and other retirement plans will stay the same next year, the IRS says. Obama calls for $250 payments to older Americans to make up for no increase in Social SecurityWASHINGTON — President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year. 3 tips to help get started on a college savings accountA new survey by online brokerage TD Ameritrade says college is the top reasons teens save their money. The results were a pleasant surprise to educators who are focusing on getting personal finance taught in schools. The survey indicated 78 percent of teens say they want to share the cost of college with their parents. Judge dismisses WaMu employees’ lawsuit against JPMorgan Chase over retirement account lossesSEATTLE — An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu’s collapse last year, has been dismissed. Retirement Q&A: Required Minimum DistributionsWhen you reach 70½ and you have IRAs or certain other tax-deferred retirement accounts, the IRS requires you to take out some of the money to begin paying the taxes. Failure to make a mandated withdrawal, called a required minimum distribution, or RMD carries a tax penalty of 50 percent on the amount to be taken out. Because many accounts were hit hard by the drop in the stock market over the past year, the government approved a one-year waiver of the withdrawal requirement. Here are four questions about required minimum distributions and the IRS answers: Relief from required retirement account distributions helpful but temporaryDES MOINES, Iowa — Hundreds of thousands of retirees have more money in their accounts thanks to a one-time waiver of a government required withdrawal that kicks in after age 70. Ind. police arrest 2 suspected of crashing wedding, stealing cash-filled cards from newlywedsSEYMOUR, Ind. — Police in southern Indiana have arrested two people suspected of crashing a wedding and taking off with a wire bird cage that held cards for the newlyweds filled with cash, checks and gift cards. A return from ‘fairyland’: Meltdown shakes up consumers’ money views, investing habitsCHICAGO — The stock market bounced back, just as it has for nearly three decades. It just doesn’t feel that way. Survey: professors, researchers sought out investment advice in market downturnDES MOINES, Iowa — A recent survey of retirement account investors at colleges and universities shows even professors and researchers sought out investment advice as the stock market downturn began draining retirement accounts. Obama administration recommends changes to boost use of state-run college savings plansWASHINGTON — The Obama administration wants states to make changes to college savings plans that it hopes will expand their use by middle class families. Even if shoppers’ willingness to spend returns, ability likely to be constrained for yearsCHICAGO — A year after “shop ’til you drop” stopped, the nation fixates on this question: Will consumer spending ever return to pre-recession levels? AP: Those losing their first jobs or nearing retirement face extra challenges after layoffsORLANDO, Fla. — Marcus Wells and Shirley Walker view their economic prospects from opposite ends of the age spectrum. Obama promotes new ways to save for retirement as recession takes heavy toll on nest eggsWASHINGTON — The recession has eaten into people’s nest eggs so the government is promoting ways to make it easier to save for retirement. Obama: Government will make it easier for workers to save for retirementWASHINGTON — The government is trying to make it easier for Americans to save for retirement, President Barack Obama said Saturday, as he noted the toll the recession has taken on extra income and savings accounts. Retirement contribution limits tied to Consumer Price Index may fallIt’s quite likely that the maximum contribution level for retirement accounts will fall next month unless the Internal Revenue Service or Congress chooses to freeze it at the current $16,500. 401k retirement plan contribution ceiling could fall sending wrong signal to investorsDES MOINES, Iowa — You’ve probably heard it over and over again: contribute up to the maximum amount in your 401(k) plan to improve your chances of a comfortable retirement. Time to invest? Businesses should consider retirement plans as stocks rise, tax dates nearNEW YORK — Like many investors, small business owners may be wondering if this is a good time to go into the stock market. For those with employees, the debate may extend to whether it’s the right time to set up company-sponsored retirement plans. Meltdown 101: As economy shows signs of life, why do banks’ struggles continue to worsen?WASHINGTON — Despite signs of an improving economy, the nation’s banks are still struggling — in fact, the pace of bank failures has accelerated. Tax deadlines can be planning opportunity, not bureaucratic headache, for small businessesNEW YORK — With a pair of tax deadlines approaching, small business owners have a chance to turn some bureaucratic requirements into a planning opportunity for the rest of 2009. Ask AP: Friday bank failures, finding black boxesWhen a plane goes down at sea, why is it sometimes so difficult to find the black boxes? Shouldn’t it be as simple as equipping them with GPS devices? Fidelity Investments: Workers again putting more into 401(k)s, reversing recent trendBOSTON — Workers are again embracing 401(k) plans after the market meltdown and ongoing recession left many unable or unwilling to set aside some of their paychecks for retirement, according to the nation’s largest workplace savings plan provider. Lawyer: Chase should be responsible for $300M in losses to WaMu retirement accountsSEATTLE — Lawyers for JPMorgan Chase & Co. and for Washington Mutual Inc. fund managers, directors and a former chief executive asked a federal judge Thursday to dismiss a lawsuit by WaMu employees whose retirement accounts have vaporized. $2,000 for Shiite-Sunni couples who marry, as Iraqi government program seeks to mix sectsBAGHDAD — Muhanad Talib, a Sunni Muslim, married his Shiite bride because she was a “suitable woman” for him. It also didn’t hurt that their vows made them eligible for a $2,000 payout from the government. |
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