retirement

Column: U.S. Republicans sharpen knives for retirement program cuts

7 days ago DieselGasoil Comments Off on Column: U.S. Republicans sharpen knives for retirement program cuts
CHICAGO (Reuters) – Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time. House Speaker Paul Ryan (R-WI) looks on at the Capitol Christmas Tree lighting ceremony on West Front Lawn of the U.S. Capitol in Washington, U.S., December 6, 2017. REUTERS/Yuri Gripas Midterm elections are around the corner, but Read More

Column: To the year-end checklist, add mandatory retirement withdrawals

2 weeks ago DieselGasoil Comments Off on Column: To the year-end checklist, add mandatory retirement withdrawals
CHICAGO (Reuters) – Nothing good lasts forever, and so it is with tax-deferred retirement saving – that is, the deferred part. Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Contributions to traditional IRAs and 401(k) accounts are not taxed Read More

Range Announces Planned Retirement of Executive Vice President and CFO Roger S. Manny and Promotion of Mark S. Scucchi to Senior Vice President and CFO

1 month ago DieselGasoil Comments Off on Range Announces Planned Retirement of Executive Vice President and CFO Roger S. Manny and Promotion of Mark S. Scucchi to Senior Vice President and CFO
FORT WORTH, TEXAS, Nov. 09, 2017 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that Roger S. Manny, the Company’s Chief Financial Officer plans to retire on May 16, 2018 after the Company’s 2018 Annual Stockholder Meeting. On that same date, the Company plans to appoint Mark S. Scucchi, currently Vice President – Finance Read More

Your Money: Splitting retirement accounts is tricky for DIY divorce

1 month ago DieselGasoil Comments Off on Your Money: Splitting retirement accounts is tricky for DIY divorce
NEW YORK (Reuters) – If you are trying to have a low-cost, do-it-yourself divorce, it may seem reasonable to just split up the retirement assets and each go your separate ways. A bouquet is seen in the snow as a bride poses for a photograph in a file photo. REUTERS/Aly Song While many couples dissolve Read More

Near miss on 401(k) tax grab marks a new low for U.S. retirement policy

1 month ago DieselGasoil Comments Off on Near miss on 401(k) tax grab marks a new low for U.S. retirement policy
CHICAGO (Reuters) – U.S. Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness brings to mind that old saying – “This is no way to run a railroad.” But in this case, using that expression would Read More

Old-fashioned retirement advice still works

2 months ago DieselGasoil Comments Off on Old-fashioned retirement advice still works
NEW YORK (Reuters) – What is the best way to boost savings in workplace retirement plans? In addition to “robo” tactics such as auto-enrollment and auto-escalation, there is an old-fashioned solution that seems to work: talking to employees. For one 401(k) consultant whose team of 18 fans out across the country talking to workers about Read More

Trump says popular retirement program will be unscathed in tax plan

2 months ago DieselGasoil Comments Off on Trump says popular retirement program will be unscathed in tax plan
WASHINGTON (Reuters) – President Donald Trump on Monday dismissed the possibility of curbing a popular tax-deferred U.S. retirement savings program to help pay for his sweeping tax cuts, and voiced doubts about adding another top bracket targeting the wealthiest Americans. The potential scaling back of 401(k) plans, which for four decades have helped millions of Read More

Fidelity retirement funds warm to Canada, cool to emerging markets

2 months ago DieselGasoil Comments Off on Fidelity retirement funds warm to Canada, cool to emerging markets
BOSTON (Reuters) – Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and U.S. government bonds. The shift, reflected in a Morningstar Inc report released on Thursday, shows how the $200 billion-plus Fidelity Freedom Funds franchise is taking a slightly more defensive Read More

How to close the race-based chasm in U.S. retirement wealth

2 months ago DieselGasoil Comments Off on How to close the race-based chasm in U.S. retirement wealth
CHICAGO (Reuters) – The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon. In 2016, white families had six times more money saved for retirement on average than black or Latino families, according to new data from Read More

Column: Pre-tax retirement contributions at risk in tax reform

2 months ago DieselGasoil Comments Off on Column: Pre-tax retirement contributions at risk in tax reform
NEW YORK (Reuters) – If you like the income tax reduction you get for your 401(k) contribution then make sure to max out now, because you may not get the chance in the future. Tax reform proposals of past years from both political parties have targeted the break people get for 401(k)s because it is Read More