Savings Tips for New Employees
1. Find the money and get started Take a look at what you’re earning and how much you’re spending. Put together a budget, and find some money to put into savings. Some ideas are: • Take your lunch,...
View Article10 Ways to Prepare for Retirement
Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money. Here are some facts: Fewer than half of Americans have calculated how much they need to save for...
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Target Date Retirement Funds- An Overview
Investing for retirement can be complex. When deciding where to invest, you may need to make a variety of decisions, including how to balance the risk of losing money with the desire to increase your...
View ArticleEmployee Compensation: Employer Cost Averages $30.80 per Hour in September
Employer costs for employee compensation averaged $30.80 per hour worked in September 2012, the U.S. Bureau of Labor Statistics reported. Wages and salaries averaged $21.32 per hour worked and...
View Article10 Common Causes of Errors in Pension Calculation
• All relevant compensation, such as commissions, overtime, and bonuses, if these were included in the plan, was not included in calculating pension benefits. • The calculation was not based on all...
View ArticleSave For Retirement and Earn IRS Special Tax Credit
According to the Internal Revenue Service IRS, low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead. The saver’s credit...
View ArticleIRS Raises 401(k) and Profit-Sharing Plan Contribution Limits
The IRS has raised the annual limit on contributions to 401(k) plans to $17,500 from $17,000. For both traditional and Roth IRAs, the annual contribution limit rises to $5,500 from $5,000. According to...
View ArticlePBGC Sues the Renco Group for $97 Million in Pension Liabilities
The Pension Benefit Guaranty Corporation has filed a lawsuit seeking $97 million from The Renco Group Inc. and its affiliates for attempting to evade their pension obligations. The New York-based...
View ArticleEmployers Spend $28.89 per Hour for Employee Compensation in Dec. 2012
Compensation data for December 2012 shows that private industry employers spent an average of $28.89 per hour worked for total employee compensation, the U.S. Bureau of Labor Statistics reported. Wages...
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Retirement Savings Options for Self-Employed and Small Businesses
Payroll Deduction IRAs Even if an employer does not want to adopt a retirement plan, the employer can allow its employees to contribute to an IRA through payroll deductions, providing a simple and...
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