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401(k) account balances surged in 2023, says T. Rowe Price
The data show the driving influence of auto-enrollment, the spread of Roth contributions, and the stickiness of target-date products in 401(k)s.
Retirement savers finished 2023 on a high note, Fidelity says
Three-quarters of eligible workers made contributions to their accounts amid near-universal inclusion of Roth options in workplace savings plans.
Want to roll a Roth IRA over to a Roth 401(k)? You can’t, yet
Congress is trying to address the incompatibility of the accounts as state auto-IRA programs proliferate.
Retirement plan contributions slipped in 2022, survey shows
Participation in plans remains strong, even if it's down from record-high levels seen in recent years, according to a Plan Sponsor Council of America survey.
IRS catch-up guidance a relief to 401(k) sponsors, advisors
Plans now have until 2026 to add Roth accounts that will allow high earners to make catch-up contributions.
Roth IRAs, 401(k)s for all? Not so fast, advisors say
While Ed Slott urged readers to stop contributing to traditional tax-deferred accounts, others take a more nuanced view.
Roth conversions may not pay off until age 90 for most
Tax-rate changes have minimal effect on the financial benefits of Roth conversions, Edward McQuarrie, professor emeritus at Santa Clara University, wrote in a recent paper. The most important factor is actually compounding.
The Triple Crown tax benefits of 2021 Roth conversions
With potential tax changes on the horizon, here are the IRA moves to make now.
Wealthier clients saving in 401(k)s may fall into tax trap
Too much money in tax-deferred retirement accounts could undermine clients' financial plans if taxes rise in the future to pay for today’s exploding government spending.
Push to require Roth 401(k) savings over traditional plans may re-emerge
Rothification, which set off a furor in 2017 as Congress debated tax reform, could find its way into new bills next year, experts say.
Despite uncertainty, Department of Labor fiduciary rule upends 401(k) biz
Market shifts will largely remain intact in the event the regulation is amended or scrapped, and non-specialists are adjusting.
Some 401(k) advisers seize on Trump tax reform to push Roth
Advisers said the prospect of lower income tax rates poses an opportunity to recommend employers add a 401(k) Roth feature, and discuss the benefits of Roth deferrals and conversions with employees.
Year-end tax strategies for 401(k)s, stock options and Roth conversions
December to January offers a great window of time to optimize your financial decisions for low taxes.
