Data reported by states might not even tell the full story. An SEC commissioner said this year that trillions in unfunded liabilities are being hidden.
Retirement savings took a beating in the downturn, leaving many in what is understandably a state of high anxiety about the best ways to ensure everyone gets the most they can out of their 401(k) plan.
Transparency in 401(k) fees has been a major topic for more than a year. As more light has been shed on them, some plan sponsors have been able to get them lowered.
The Internal Revenue Service has issued guidance for employers whose 401(k) plans offer Roth accounts for the rules governing rollovers by participants younger than retirement age.
Retirees need to be able to count on their monthly benefits, taxpayers of different ages need to be treated in a fair manner and contributions by government bodies to pension funds must be made in a steady way.
DebugScreen: mobile
{
"author": {
"name": "Dan Berman",
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"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 243,
"social": [],
"articles": [
{
"uri": "/2015/01/05/6-top-tax-changes-for-2015/",
"title": "6 top tax changes for 2015",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "January 05, 2015",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Changes to brackets and deductions are tied to inflation.",
"body": null
},
{
"uri": "/2014/11/24/what-stresses-out-advisors-most/",
"title": "What stresses out advisors most?",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "November 24, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Snapshot shows a growing share of advisors who find joy in their work.",
"body": null
},
{
"uri": "/2014/11/21/12-best-cities-for-successful-aging/",
"title": "12 best cities for ‘successful’ aging",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "November 21, 2014",
"timeToRead": "7 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "The Milken Institute's 84-factor ranking of services and amenities for the retired and elderly yields some surprising findings.",
"body": null
},
{
"uri": "/2014/11/05/30-best-paying-college-majors-2014/",
"title": "30 best-paying college majors: 2014",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "November 05, 2014",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "As college degrees become almost mandatory for landing a decent job, find out which majors give the best chance to start a high-paying career.",
"body": null
},
{
"uri": "/2014/10/09/20-best-worst-states-for-pension-funding/",
"title": "20 best, worst states for pension funding",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "October 09, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Data reported by states might not even tell the full story. An SEC commissioner said this year that trillions in unfunded liabilities are being hidden.",
"body": null
},
{
"uri": "/2014/05/22/top-10-dumbest-states-for-financial-literacy/",
"title": "Top 10 dumbest states for financial literacy",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "May 22, 2014",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "States were assessed based on two categories: knowledge and education, and planning and daily habits.",
"body": null
},
{
"uri": "/2014/04/02/savings-processing/",
"title": "Savings Processing",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "April 02, 2014",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Retirement savings took a beating in the downturn, leaving many in what is understandably a state of high anxiety about the best ways to ensure everyone gets the most they can out of their 401(k) plan.",
"body": null
},
{
"uri": "/2014/02/21/be-careful-of-401k-fees-advises-sec/",
"title": "Be careful of 401(k) fees, advises SEC",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 21, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Transparency in 401(k) fees has been a major topic for more than a year. As more light has been shed on them, some plan sponsors have been able to get them lowered.",
"body": null
},
{
"uri": "/2014/02/21/irs-issues-rollover-guidance/",
"title": "IRS issues rollover guidance",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 21, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "The Internal Revenue Service has issued guidance for employers whose 401(k) plans offer Roth accounts for the rules governing rollovers by participants younger than retirement age.",
"body": null
},
{
"uri": "/2014/02/20/funding-a-quality-pension-fund-is-a-balancing-act/",
"title": "Funding a quality pension fund is a balancing act",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 20, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/dan-berman/",
"name": "Dan Berman"
}
],
"kickerNode": [],
"summary": "Retirees need to be able to count on their monthly benefits, taxpayers of different ages need to be treated in a fair manner and contributions by government bodies to pension funds must be made in a steady way.",
"body": null
}
]
}
}