Reading Lounge, RetirementCulture
“Don’t gamble; take all your savings and buy some good stock and hold it until it goes up; then sell it. If it don’t go up, don’t buy it.” – Will Rogers (ca. 1930) “A stockbroker is somebody who invests your money until it’s gone.” – Woody Allen (ca....
Reading Lounge, RetirementCulture
A 401(k) plan is a qualified plan under which an employee can elect to have the employer contribute a portion of the employee’s wages to an individual account under the plan. The underlying plan can be a profit-sharing, stock bonus, pre-ERISA money purchase pension,...
Reading Lounge, RetirementCulture
WASHINGTON – The Internal Revenue Service has announced cost-of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. The IRS issued technical guidance detailing these items in Notice 2016-62....
Reading Lounge, RetirementCulture
A Board of Directors has no legal responsibility identified in ERISA. As a matter of corporate law, they may ratify the adoption of a Plan, just as Trustees of a Union may ratify adoption of a Plan. Every employee benefit plan has a Plan document which governs the...
Reading Lounge, RetirementCulture
Will Rogers “Don’t gamble; take all your savings and buy some good stock and hold it until it goes up; then sell it. If it don’t go up, don’t buy it.” Woody Allen “A stockbroker is somebody who invests your money until it’s gone.” Willie Sutton “I rob banks ‘cause...
