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401 K

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401 K stories:

Half of workers changing jobs cash out 401k
Oct 28th, 2009 - Boston
DES MOINES, Iowa—Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers. When people cash out...
Obama, Congress propose help for small businesses looking for loans
Oct 25th, 2009 - USA Today
Paul Carosi bought Units Mobile Storage in Phoenix 18 months ago, wasn't able to get a small-business loan, and has walked the treacherous line of relying on his 401(k) savings to fund his business. Business has gone well - sales are up...
Return Your IRA, 401(k) Distribution
Oct 24th, 2009 - Wall Street Journal
A measure that allows older adults to skip required withdrawals in 2009 from tax-deferred retirement accounts hasn't always worked as smoothly as Congress intended. Now...
Earnings reports this week key indicator of economy - Sun
Oct 19th, 2009 - Chicago Sun-Times
There are signs the nation's factories are stirring from one of the worst recessions in decades. Investors this week will find out how awake they really are. Big manufacturers such as Chicago-based Boeing, Peoria-based Caterpillar and St...
US no longer insures your money-market fund, but that's good news
Sep 19th, 2009 - The Christian Science Monitor
Savers take note: Your money-market fund is no longer insured by the US Treasury. These mutual funds, which earn interest for millions of Americans in brokerage or 401(k) accounts, rarely run into financial trouble...

401 K videos from YouTube:

8:24
The Truth Behind Hidden Fees in 401(k) Plans (Part 1/3)
If you ever plan on retiring, you've got to see this. Part 1 of 3
1:22
401k Benefits
www.cakefinancial.com Most investors know what a what a 401(k) plan is, but many aren’t sure why they should consider one. After all, retirement may seem far away, and current expenses may seem more pressing. It’s true that a 401(k) plan is designed to help you save for retirement ...
1:59
Your Money: 401(k) Loans
The unemployment rate continues to rise and many people are considering tapping into their retirement savings, or taking a loan against their 401(k) plan. Author Lynette Khalfani-Cox offers some guidance. (March 13)
4:32
Ask It Early: Tax Refunds and 401 (k)s
In the series Ask It Early, financial adviser Ray Martin answers your financial questions on assisted living, investing tax refunds, and moving 401 (k)s to new employers.

401 K from WikiPedia:

In the United States of America, a 401(k) plan allows a worker to save for retirement and have the savings invested while deferring current income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wages paid directly, or "deferred," into his or her 401(k) account. This deferment is also known as a "contribution".

401(k) plans are mainly employer sponsored plans; the employer can, as a benefit to the employee, optionally choose to "match" part or all of the employee's contribution by depositing additional amounts in the employee's 401(k) account or simply offer a profit sharing contribution to the plan. In participant-directed plans (the most common option), the employee can select from a number of investment options, usually an assortment of mutual funds that emphasize stocks, bonds, money market investments, or some mix of the above.