It is hard fact that the best-designed 401k plan in the most prosperous investment condition can’t have an enough income for retirement, if the person is not contributing a significant amount to the plan regularly. This problem can be as result as no continuous access to 401k plan, financial instability to contribute due to low salary, other financial priority in life, family and life needs, (more…)

If you check your paycheck stub, you find an entry labeled FICA, which is an acronym for Federal Insurance Contributions Act. Your “contribution” is matched by your employer and is deposited in the Social Security Trust Fund. It shows you how much money was paid into the Trust Fund by employers, employees, and the self-employed in 1998 (the figures used are from the IRS). (more…)

The US Federal Government is in its death throes. It is thrashing around, writhing on the floor, like a person suffering a grand mal seizure.

The Obama Administration, The Federal Reserve and Congress are completely clueless on the methods necessary to bring America back from the financial precipice. (more…)

Defined benefit pension plans are retirement plans that are largely funded by employers and benefits are based on employee years of service, employee age and earnings. This type of pension plan has been declining in popularity, largely because the risk is mostly borne by the employer rather than the employee.

Contributions are largely made by the employer – for some employees this is definitely a pro, since the employer determines how much of a contribution is made and there are no caps on the total amount an employer can make to the plan annually. (more…)