An interesting question was raised the other day on Moolanomy Answers : Can you have both a 401(k) and a traditional IRA? The short answer is yes, but check out the full discussion for additional retirement saving whys and wherefores. As you've probably already guessed, I was one of the ... Rea ... Read more

Just before Christmas of 2008, the president signed the Worker, Retiree, and Employer Recovery Act of 2008. The bill suspended 2009 Required Minimum Distributions (RMDs) for IRAs, 401(k)s and 403(b)s. The intent of this change was primarily to give a break to retirees whose account balanc ... Read more

Boston-based Fidelity Investments provides 401(k) plan management for over 17,000 employers, making it the largest plan administrator in the country. Fidelity’s annual “State of the 401(k)” report, released yesterday, provides a window into the behavior of 401(k) plan participants. ... Read more

What do FedEx, General Motors, Frontier Airlines, Eastman Kodak, Motorola, Sears and Unisys all have in common? All have announced plans to cut costs by suspending their matching contributions to employee 401(k) plans. Even Starbucks has announced that it may drop its 401(k) match in 2009. ... Read more