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A 401(k) is a profit-sharing retirement saving plan some U.S. employers offer. It lets you contribute a portion of your pre-tax income to a tax-advantaged investment account.
Announcing your retirement a few months in advance is often considered a courtesy to your company. Not only does it give your employer time to manage the transition and hire a replacement, but it ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Some readers asked what "subsidy" employers get from 401(k) advisors and mutual fund families. Here's the way it works. Brokers and fund families (with few exceptions) make.
Severance agreements cannot contain clauses that prevent employees from speaking to an attorney to get advice about whether they should accept the offer, or speak to an attorney after they sign. The offer also cannot require that the employee commit a crime, such as failing to appear subject to court subpoena for proceedings related to the company.
If you retire before age 59.5, you may be too young to withdraw from an IRA or 401(k) penalty-free. And if you retire prior to age 62, you're too young to claim Social Security benefits. There’s ...
A lot of companies offer a matching contribution, which is essentially free money for your future. If you chip in 4 percent of your salary and your employer matches up to 4 percent, you’ve ...
If your employer cannot offer more money but they do offer health benefits that you can get from your spouse, then they may agree to pay you the value of the health insurance benefit in cash instead.