Fidelity is offering a new solution, that will allow employees to convert all or a portion of their retirement savings from a 401(k), 403(b), or 457(b) into an immediate income annuity.
I graduated from school in 1998. 2023 was the year that all my loans were paid off, loans that were just made for law school, and my one-year Tax LLM program. So I understand how.
The Internal Revenue Service (IRS) issued Notice 2024-22, which provided initial guidance on emergency savings accounts linked to 401(k) plans, which were established under the SECURE.
That 401(k) Conference returns this year at Globe Life Field in Arlington, Texas, on May 3rd, and Yankee Stadium in Bronx, New York on June 7th. The events took a sabbatical in 2022.
Recently, an economist blamed 401(k) plans for the retirement crisis in this country and I’ve heard the arguments on how 401(k) plans killed defined benefit plans.