Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Nearly 46,000 businesses slashed 401(k) contributions during pandemic
Jamie Grill | Blend Images | Getty ImagesThousands of companies have cut funding they typically pay to 401(k) investors, due to the coronavirus pandemic, according to a new survey.About 8% of employers slashed their 401(k)…
Here’s the right way to avoid tax pitfalls…
ShapechargeIt's not uncommon to want to move money from a workplace savings plan to an individual retirement account when you leave the company.Yet if you're not careful while doing that rollover, you can make costly…
Vanguard says the median 401(k) withdrawal was $12,000…
Jamie Grill | Blend Images | Getty ImagesRetirement savers appear to be taking advantage of relaxed rules around 401(k) withdrawals during the coronavirus pandemic.Some 401(k) investors pulled $ 12,000 from their account in the form…
Key Words: Why you might want to consider…
“ ‘The claim that a frog placed in slowly warming water will die without trying to escape is factually incorrect, but too useful a metaphor to discard. We have been slowly raising the temperatures on…
What you need to know before taking out…
Interest rates are at record lows. This may make the idea of borrowing money more appealing to the millions of Americans who lost their jobs or were furloughed because of the coronavirus shutdown. Two common assets…
Op-ed: The CARES Act makes it easier to…
shapechargeThe Covid-19 pandemic has revealed how close so many Americans are to severe financial insecurity.Over these past four months, millions of American workers have experienced sudden and unexpected losses of their primary sources of income,…
The 401(k) follies: Financial advisors on the right…
There are many opportunities for leveraging the power of a 401(k) plan. Financial advisors discussed with CNBC.com some of the smartest ways and dumbest things they have seen. â— Paying off a credit card. Helen…