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401(k)

Retiree Annuities May Be Promoted by Obama Aides

The government is looking at ways to promote the conversion of 401(k)s and IRAs into steady payment streams after a significant decline in plan balances
Original publication date: 
Friday, January 8, 2010 (All day)

The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.

Companies Cash In on Tax Breaks From Employee Retirement Plans

Original publication date: 
Thursday, January 31, 2002 (All day)

 

Rosel Patton, a 49-year-old switch engineer in Marlboro, Mass., doesn't realize it, but when she saves for retirement by contributing to her 401(k), she's also helping her company save money.

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