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What is a DB(k)? Basically, a DB(k) combines a pension plan with a matching 401(k) plan. As the name implies, it is a defined benefit retirement plan with some of the features of a 401(k).
Tags: 401, 401 K Plans, Benefit Plans, Benefit Retirement Plan, Business Paperwork, Chris Mayer, Defined benefit pension plan, Defined Benefit Retirement, Defined Benefit Retirement Plan, Economics, Employee benefit, Employment, Employment compensation, Finance, Financial services, Form 5500, Group Vice President, Hybrid Retirement Plans, Internal Revenue Code, Internal Revenue Service, Investment, Labor, Mom And Dad, Neat Tool, Pension, Pension Income, Pete Mitchell, President Chris, Principal Financial Group, Profit Margins, Recruiting Tools, Retirement, Retirement Plan Option, Retirement Savings, Social Issues, the Washington Post, The Washington Post Company, Washington Post
In fall 2009, TIME Magazine raised eyebrows with a cover article called “Why It’s Time to Retire the 401(k)”. Author Stephen Gandel, the magazine’s senior economic writer, argued that 401(k)s, 403(b)s and IRAs had proven themselves “a lousy idea, a financial flop.”
Tags: Author Stephen, Cover Article, Employment, Employment compensation, ERISA Industry Committee, Eyebrows, federal government, financial advisors, Financial services, Gaining Momentum, Gandel, Iras, Labor, Life Security, Lousy Idea, Market Downturn, New York City, New York Times, New York Times Editorial, Pension, Personal finance, Pete Mitchell, Plan Administrators, Professional Asset Managers, Radical Move, Record Keepers, Retirement, retirement insurance, Retirement Plan, retirement plan administrator, Retirement Savings, Social Security, Stephen Gandel, Teresa Ghilarducci, The New School, TIME Magazine
How about a tax break for companies that hire? A new jobs bill introduced by Sen. Majority Leader Harry Reid (D-NV) proposes major tax incentives for hiring businesses. If the bill becomes law, will these incentives make a dent in the unemployment rate? Or will they matter little? Not everyone is optimistic.
Tags: American Recovery and Reinvestment Act, Bill Becomes Law, Bond Program, Capital Purchases, Economic Policy Institute, Employment, federal government, Federal Subsidy, Harry Reid, Heidi Shierholz, House of Representatives, Infrastructure Projects, Job Creation, Majority Leader, Medicare, New Jobs, Payroll Tax, Pete Mitchell, Predicted effects of the FairTax, Private Sector Employer, Section 179 Deduction, Senate Bill, Senator, Small Business Capital, Social Security, Social Security Tax, State And Local Governments, Stephen Harper, Tax, Tax Break, Tax Incentives, Unemployment, Unemployment Rate
