Will IBM Resurrection of Cash Balance Plan Cause a Ripple Effect? | PLANSPONSOR

IBM made headlines in November when it announced it was ending its 401(k) match program in favor of a new defined benefit retirement account, a rarity among private-sector employers. The move has experts debating whether more companies will follow suit and open or reopen pension plans for their employees.

8 Forces That Shaped 2023—in Charts | Investopedia

2023 has been a memorable year in the markets, with events such as bank failures, interest rate raises, and labor strikes sending ripples through the economy. Take a visual look at some of the major events that told the financial story of 2023.

One Key Rule for Understanding Your 2023 RMD | Kiplinger

The impending end of the year might have you thinking about required minimum distributions (RMDs) from retirement accounts like 401(k)s. Changes to RMD rules in SECURE 2.0 legislation have made it a little more complicated to determine who’s required to start taking RMDs when, so here’s a simple guide.

Got Unused 529 Plan Money? Here’s Some Good News | Next Avenue

Another change included in SECURE 2.0 will allow for unused funds in 529 college savings accounts to be rolled over into a retirement account. Beginning in January, you’ll be able to rollover excess funds from a 529 plan into a child’s Roth IRA, kickstarting their retirement savings.

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