• It’s harder than you think to spend down your 401(k) account in retirement
    Business
    MarketWatchyesterday

    It’s harder than you think to spend down your 401(k) account in retirement

    At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic

  • Here's how rich you would be if you invested in Amazon at its IPO
    Business
    Business Insideryesterday

    Here's how rich you would be if you invested in Amazon at its IPO

    Shares of Amazon have come a long way since the company's 1997 initial public offering. Since then, Amazon shares have sky rocketed 48,197% from their May 15, 1997 debut of $18 a share. Before Amazon was the "Everything Store" it was an online book store

  • Business
    MarketWatch8 hours ago

    That seemingly foolish call about Apple is looking right after all

    Apple Pay is, as I predicted, a rounding error in Apple’s greater scheme, while the Apple Car program is still vaporware (despite the company asking for permission to test driverless cars on California roads).