Fiscal Cliff: Why Congress Might Have to Mess with the 401(k)
Everything is on the table as Congress wrestles with the fiscal cliff, heightening long-held fears about the tax-free and tax-deferred growth embedded in retirement accounts.
Kadlec's latest is A New Purpose: Redefining Money, Family, Work,Retirement, and Success
Dan Kadlec
Dan Kadlec is a journalist and author who has written extensively about baby boomers, personal finance, the economy and financial education for TIME, Money, CBS and USA Today among others. He has appeared on Oprah, CNBC, CNN, and all the major networks. His most recent book is A New Purpose: Going From Success to Significance in Work and Life. Follow him on Twitter @dankadlec. He has a degree in Communications from Marquette University and lives with his wife and nearly adult children in Westchester County, NY. Read more about Dan at dankadlec.com
Articles from Contributor
5 Career Paths to the Millionaire’s Club
Wealthy Americans cite five paths to wealth. Here they are.
5 Tax Moves to Make by Yearend
There’s a reason that Wal-Mart, Wynn Resorts and hundreds of other companies are accelerating dividend payments into this year: Tax rates are going up. Individuals should be looking at similar steps. Here are five that make sense now.
After Sandy: Why Burying the Power Lines Is a Lonely Fight
Power companies have concluded that burying lines is too expensive to contemplate. Maybe they aren’t thinking about things the right way. Here’s one man who’s taking on the fight.
How Fining Bad Banks Can Fix Our Biggest Money Problems
When the government came down hard on Big Tobacco a decade ago regulators required that a portion of any penalties go toward educating youth on the dangers of smoking. Amid the big bank Libor scandal and a stream of continuing bank fines, regulators now should require that a portion of future bank penalties fund financial education. It’s …
Is Dollar-Cost Averaging Dumb?
Investing all at once beats trickling money into the market two-thirds of the time, says a report from Vanguard. But let’s not throw dollar-cost averaging under the bus just yet. What’s piece of mind worth?
Where in the World is Con Ed?
Taking two weeks to restore power is unconscionable. It’s also part of a troublesome trend of more and longer outages that point up major flaws in our national power grid. How long before we bury the power lines?
Why Retirees Can’t Absorb a Tax Hike
With the election upon us and the fiscal cliff looming, tax rates are on a lot of minds–especially retirees and those saving for retirement. A new survey shows how higher rates would curb retirement saving.
Retirees Embrace Junk Bonds at Just the Wrong Moment
Yield-starved retirees are taking a flyer on junk bonds, just as credit quality in that market takes a turn for the worse. Look out below.
By One Measure, At Least, We’re All Better Off Than We Were 4 Years Ago
Retirement account balances are up in every state since the last presidential election, a new study shows. If only those balances were up as much as the market.
Highly Educated Have Biggest Debt Problems
The federal government is suing Bank of America for a $1 billion over the bank’s pre-crisis mortgage practice known as “the hustle.” But it wasn’t just naive home buyers who fed the financial crisis. Renters and the well educated had too much debt too, and a new study concludes that college graduates are most prone to debt mismanagement.
How Saving for Retirement Might Backfire
Saving for retirement is now the top financial goal of the vast majority of people who hold a job, according to a recent T. Rowe Price survey. That’s great news. We have a savings crisis in America and we’re finally taking it …
