October 6, 1998 |
If you haven't received your quarterly 401(k) plan statement yet, you will. Soon. And you probably won't like what you see. For the first time, possibly since you began investing in your company-sponsored retirement plan, you'll notice that most of your stock funds have lost money--both over the last three months and on a year-to-date basis. And those nice, fat 20%-plus annual return figures many of you have grown accustomed to over longer periods have most likely disappeared.
September 1, 1998 |
Days like Monday make some investors want to race to the phone to sell their stock mutual funds. Or at the very least, shift some of their stock holdings into safer, more stable investment options such as money market mutual funds. Indeed, individual investors have been doing just that during August, mutual fund companies report. But before you take this step, understand how such a move will affect your portfolio in the long term.
September 28, 1996 |
Nearly 17,000 people had $4.8 million credited to their 401(k) retirement plans after employers made use of a grace period to replace funds they had failed to deposit properly, the government said Friday. The Labor Department released data showing that 170 small to mid-size businesses voluntarily returned employee contributions and made good on lost earnings after they were given six months to do so without penalty.
February 20, 1994 |
Q. I recently got a new job. My previous employer offered a 401(k) plan; my new employer does not. What should I do with the money from my old 401(k) plan when the funds are disbursed? Is there anything I can do to defer paying taxes on the money? --A.W . A. To avoid immediate taxation, you should transfer the proceeds in your old employer's 401(k) plan to a tax-deferred individual retirement account. Those proceeds and the accumulated interest will be taxable when you withdraw them.
October 18, 1992 |
Last month, John Smith's employer got out of the pension planning business. That put Smith, whose name has been changed for this article, in a sticky spot. Smith, who has worked for the firm more than 20 years, assumed that he would get a set monthly stipend when he retired. Now the amount and the duration of that payment will depend on how well he invests the $80,000 his employer distributed to him when the company dissolved its pension plan.
July 15, 1989 |
QUESTION: I plan to buy a home in five years. In the meantime, should I avoid putting any money into an individual retirement account or 401(k) plan? I know many friends who have had to pay hefty early withdrawal penalties when they have used proceeds from these accounts for the down payments on their homes.--J. S. ANSWER: Your best course of action depends greatly on your individual circumstances, the details of which you neglected to include.