401K News

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Recently one of my kids asked one of the all-time great questions, "Dad, how much money do you make?" Reflecting back to a similar conversation I had with my father, I recall clearly his response.

Thursday, July 09, 2009 at 6:43 p.m. General Motors C.E.O. Fritz Henderson will speak at a press conference Friday morning.

Regardless of age or income African-Americans and Hispanic workers contribute less often, and less money, to a 401k than white and Asian-Americans, according to a just-published study.

With many Atlantans experiencing losses in their 401K accounts and retirement investments, more homeowners are turning to reverse mortgages as a means of supplementing income, paying off debt or just establishing an emergency fund.

Fixing the city's ailing pension plans for general employees, police officers and firefighters could cost property owners a total of a mill in property taxes, spread over the next five years.

A new study of 401 plans has revealed that black and Hispanic workers save significantly less for retirement and tap into their accounts more frequently than white and Asian employees.

On the Money On the Money - Jul. 4 2009, 9:20am-9:40am Financial Experts + " 0052900058.

Disclaimer: I am neither a Republican, nor a Democrat. To me, there is very little difference between the two parties.

Oklahoma royalty owners are expressing opposition to a proposal that would allow oil and gas producers to drill longer horizontal wells.

RIPON, WI, July 1, 2009 /Cambridge Who's Who/ -- Dean Dornfeld, Owner of Dornfeld Financial Services, has been recognized by Cambridge Who's Who for showing dedication, leadership and excellence in all aspects of finance management.

1, 2008, and April 30, 2009. How much they'll need to save: Time to recoup losses Current average contribution Additional needed Total annual contribution 2 years 8.8% 16.5% 25.3% 5 years 8.8% 6.6% 15.4% 10 yrs.

Brokers generally control an account given superior access to data and representations.

Kyra Sedgwick is doing really well these days. She has a hit show in "The Closer" which is one of the most-watched shows in cable television.

Most companies that have suspended contributions to employees' 401 plans are expected to reinstate the match when the economy improves, but the match may be significantly different.

June 23, 2009 - Comments A A A A A With the unemployment rate nearing Depression-levels even the modest are beginning to be hit with termination.A This all but seems cruel as times when the market may be looking to capA toward a mid peak ~especially when your portfolio has been hand'd to the terdmonster through professionals that are supposed to be ...

You'd have thought that the 2000-2002 bear that ravaged portfolios in the first half of the decade would have stifled buy-n-hold, asset allocation advocates.

As the debate over local school taxes flared up again this past week, we were struck by one fact on which the entire issue hinges.

June 16, 2009 - Comments Zombulation is defined as running out ofA savings and access to credit OR the government taxing 100% of your income and assets....in either case, you are broke.

Ending months of negotiations targeting costly public employee pensions, county and union officials have reached what they call an historic agreement by creating a hybrid retirement plan for employees that's part pension, part 401k-style defined contribution plan.