Finances

When Vise-Grip closed its plant last year in DeWitt, Neb., and moved it to China, Anita Oltmans lost her job. With no job, federal law prevented her from continuing to contribute to her 401(k) plan. She watched her account spiral down as the stock market crashed. See the rest here: Retirement overhaul: 401(k)s may not be the answer now (USA Today) Read Full Story

Teachers require financial support for many purposes including starting of their own teaching institution. Even if the teachers in UK are going through financial troubles and have some risky tags like payment defaults, late payments, arrears and CCJs, still you have the option of taking out bad credit teachers loans.   These loans are based on the teachers’ repayment capability. If you can prove that you are capable of repaying the loan installments in timely manner, then these are easier loans to avail. To prove your repayment capability, you should produce the documents of your annual income, employment, bank statements of past few months. ... Read Full Story

Download QDRO Instructions and Model QDRO Form for 401(k) Plans Package Includes: Detailed instructions for preparing a qualified domestic relations order to divide 401(k) plan benefits and a model QDRO form that can be used in any state. The documents can be adapted for use by 401(k) plan sponsors and distributed to plan participants or by attorneys who need to prepare QDROs for clients. Read Full Story

PURCHASE, N.Y.—-The economic downturn has affected corporate spending on employee benefits–but not in ways one might expect. According to Diversified Investment Advisors’ Report on Retirement Plans–2009, a survey of corporations with 1,000 or more employees, 46% of plan sponsors are planning to reduce or eliminate employer contributions to their 401 plans or have already done so. Continued here: 401(k) Plan Sponsors Are Reducing or Eliminating Employer Contributions, but Overall Benefits Budgets Are Increasing, … (Business Wire via Yahoo! Finance) Read Full Story

Every day, you turn on the evening newscast and hear more bad news about the economy. Wall Street plunged again. Economic indicators are the worst since WWII. And unemployment continues to rise, along with more and more layoffs from major corporations. If you are one of the unfortunate workers who has been given walking papers and are now left with just a pink slip and your 401(k) account, here is what you can do to maintain your retirement savings after a layoff. Retain Your 401(k) with your Employer Most corporations that sponsor a 401(k) plan for their employees have an exit procedure for former ... Read Full Story