#retirementplan

When will company match for 2025 be posted in Empower?

Seems like 6 Admins retiring at same time, one with 52 years and one with 51 years others with 30+ years. Those seem like amazingly loyal employees and all leaving st same time. Coincidence?

What is your number for amount saved to retire and associated age to retire?

Proposed (new) U.S. retirement plan.

Wall Street will love this.

Sometimes, a stock market crash can take a full decade to recover from; it (has been proven throughout U.S. economic-financial history).

*** Example - The "Lost Decade" from 2000-2009 whereby the S&P 500 had a Negative average return (-0.95%).

Australia is a much smaller country.

Australia also operates differently than the U.S. without having $38.4 Trillion in U.S. National debt (add $3.74 Trillion from the Trump Tax bill) with $969.0 Billion a year in Interest being paid (almost a Trillion a year) by the U.S. taxpayer to outside Investors (U.S. based, Japan; China: etc.) who finance it, per usdebtclock.

On a side note -

ACA Healthcare subsidies are set to expire with 24 Million U.S. citizens having 100% increased healthcare premiums (on average) or (no) healthcare (at all), with (no) replacement in sight from the Trump administration.

ACA enrollees include small business owners (and their employees), lower income-poor; etc.

This will (also) weigh on the U.S. economy, with Trump tariffs potentially leading to a Major recession in 2026.

Seems like it's a 3 year vesting period to own 100% of the retirement plan contributions by TIAA. Let's say I started the company and my first official start date was in January 1 2023, would that mean if I quit on January 2, 2026 I get to keep the full amount? Or is it based on hours worked? Also, is the retirement plan vesting pro-rated, or would I lose all of the money if I leave before 3 years?

Today marks the 3-year anniversary.
https://www.freep.com/story/money/cars/ford/2022/12/08/salaried-ford-workers-retire-pension-warning/69708649007/

Those of you who retired then and still visit this site, can you share and reflect on how your life has been since you retired? Any regrets? Any advice for those of us close to retirement?

The constant reshuffles and unclear future make any retirement plan a joke. At this point I’m planning for options outside the company.

So yesterday was my day. When can I move my 401k to an IRA? Do I have to wait the 60 days non working time, or can I do it whenever? I already signed the displacement documents.

If you are displaced, don't forget to take advantage of things like vision insurance, dental insurance, etc.

Also, if over 55, look into 'Rule of 55'. 'Separation from Service' in IRS speak. It allows anyone 55 or older to withdraw funds from retirement account with no penalty. You will still need to pay taxes on any non-taxed (401k) funds, but if you have pre-taxed (Roth) funds, there will be no Fed tax. You will need to look into your state situation. For example, Iowa has no tax on retirement fund income.

Talk to empower

In 2026, will HCSC offer a Roth 401k as the result of the Secure 2.0 Act, which requires catch up contributions for high earners be made only to a Roth 401k. Here we are in Q4 and I haven't heard anything yet. I believe if no Roth 401k option is available, then the high earner employee is not allowed to make catch up contributions. Curioyif anyone has heard anything on this from HCSC?

Does anyone know of a Ford Salary Retiree Group? In case I get let go I would like to consult those who have had to work through the HR systems to get retiree benefits. Also need to know how to perform Roth conversions from 401K.

We’re facing more lawsuits and charges than John Gotti and Puff Daddy combined. And now, state regulators are digging deeper according to NBC. This is quickly turning into ‘death by a thousand cuts'

https://www.nbcnews.com/video/rhode-island-retirement-plan-prevents-many-state-workers-from-accessing-contributions-247724101790

Millimanbenefits.com

Don’t know what’s going on, but reps not really willing to explain things. Company must of retired and hired new employees. Not very knowledgeable nor do they seem like they want to help. Hopefully Verizon will light a fire up their kulo!

So I’m done with this place. Trying to figure out my options been with the company 22 years closing in on 50.

What happened?

Any word on what the COLA will be for the pension for 2026 ? Inflation is high and I took the monthly annuitie.

Kodak Dumps Pension Plan to Pay Off Massive $500 Million Debt.
https://tonernews.com/forums/topic/kodak-dumps-pension-plan-to-pay-off-500-million-massive-debt/

I started with Nielsen in the early 2000's and at that time they had a retirement annuity program vis Fidelity. Dave Calhoun was quick to end that bad boy asap once he raided the place in 2006. I'm long gone from Nielsen but I still have this small annuity from about 6yrs of work which totals about $35K and says my payout can only be monthy when I turn 65 (retirmente age)...which will be about $200 per month. So not really much money at all. I'd love to try and get a lump sum now which is what many of my colleagues at the time got when they were let go or quit (however they were employees from the 80s and 90s). Is anyone familiar with this pension plan or how to go about getting a lump sum payment? I've tried several times to do so on the fidelity website but always get rejected. Thanks.

If you make $100k a year you will need $1.5 million to retire

https://youtu.be/lkOQNPIsO-Q?si=criEe4NpyKWGxNqE

What did everyone do with their 401K after they were laid off from Nike? I'd like to know if its better to keep it all there or to roll it over into a traditional IRA where I cane make more investment choices. I'm having a hard time figuring out what the administrative fees are and if Nike 401K has institutional share classes that would be cheaper than a traditional IRA. Thank you.