When it comes to professional writers, very few match the level of Toi Williams. Although she has only been a published writer for 10 years, During that time her work has impacted millions of readers. Today, the majority of Toi’s work focuses on personal finance and finance-related topics although she delves into the world of healthcare as well. Toi is originally from Columbus, Ohio, having grown up with a father who was a prolific writer and professor, and a mother who was a business executive.
Leaving your money in your retirement account is the best way to ensure that your money grows enough for you to have a comfortable retirement. Unfortunately, that didn’t stop roughly 30 million Americans from tapping into their retirement accounts for emergency cash last year. Nearly 17 percent of those ages 50 to 64 dipped into […]
Tax policy at the federal level has spurred more companies to explore offering lump sum pension buyouts to their former employees. The Internal Revenue Service recently made the decision to continue using its current life-expectancy calculations until 2017, which will make it cheaper for the companies to offer pension buyouts before the rules change. Offering […]
The traditional model 403(b) plan is in need of a revamp. Today, 403(b) plan participants have most of their retirement savings in individual annuity contracts or custodial accounts and most have individual relationships with advisers. Unfortunately, this leaves plan sponsors with an unreasonable number of retirement plan providers that are all serving the same plan, […]
Same sex couples across the United States are now eligible for Social Security benefits, according to a statement made the U.S. government. The decision arose from a case regarding two plaintiffs seeking benefits from the Social Security Administration; Kathy Murphy, a widow, and Dave Williams, a widower. They were living in states that did not […]
The U.S. Consumer Financial Protection Bureau and the New York State Department of Financial Services have sued two California-based pension advance firms over advertisements they say are deceptive and misleading. The lawsuit against Pension Funding LLC and Pension Income LLC was filed in federal court on Thursday. The lawsuit names both companies as well as […]
Companies across the United States are increasingly implementing automatic enrollment for 401(k) plans offered to their employees. The employees are automatically enrolled in the program and a standard amount of money is put into the account from their paycheck each pay period. Employees can change the deposited amount at any time or can choose not […]
As the Social Security program celebrates its 80th birthday on August 14, reminders abound of how important the program has been to retirees and the disabled over the years. For nearly one in four recipients of benefits, Social Security is their sole source of income. Today, the Social Security Administration collects payroll taxes from 210 […]
According to investment research firm Morningstar, a little less than half of all actively managed mutual funds are expected to miss their benchmarks this year. Roughly 200 active mutual funds have at least one share class that lagged behind its current benchmark both this year and in each of the past four years. Investors have […]