The rule involves state 401(k) investment funds. The attorney general of Utah is leading a coalition of 25 states in a suit that seeks to stop a rule…
Read MoreRetirement Plan Investments
Withdrawals From Retirement Plans Increase
Americans are taking “hardship” withdrawals from 40(k) plans. The Internal Revenue Service allows hardship withdrawal from retirement funds without penalty when there is an immediate or heavy financial…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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IRS Admits Website Exposure of Confidential Information
Officials say leaked taxpayer data did not include social security numbers. The Internal Revenue Service has acknowledge that private taxpayer information was accidentally disclosed on its website earlier…
Read MoreIRS Increases 401(k) Contribution Limit
Maximum contributions to IRAs is unchanged. The Internal Revenue Service announced that workers will be able to set aside more money for their 401(k) plans in 2022. The employee contribution limit…
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Supreme Court Issues Opinions
Five separate cases decided. Earlier this week, the Supreme Court issued their opinions in the following cases: Financial Oversight Board for Puerto Rico v. Aurelius Investment, LLC had…
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Supreme Court Issues Three Opinions
All three decisions issued unanimously. Wednesday saw the Supreme Court issue three unanimous decisions on the cases of Intel Corp. Investment Policy Comm. v. Sulyma, Holguin-Hernandez v. United…
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