ERISA is administered and enforced by the U.S. Labor Department’s Employee Benefits Security Administration, the Internal Revenue Service and the Pension Benefit Guaranty Corporation. “Basically, the federal government put this in place to help protect retirement assets, so there's not as much ri...
Retirement is just around the corner for Gen X. Here’s what they need to know. Maryalene LaPonsieJan. 9, 2025 Preparing to Retire in 2026 Managing taxes and staying ahead of inflation are among top concerns for soon-to-be retirees. ...
This may be applicable whenever the Federal Reserve raises its benchmark interest rate and as you consider how interest rates affect retirement plans. Take interest rate changes in stride Higher interest rates have implications for savers everywhere, and you may be wondering: How will rising interest...
A 401(k) is a retirement plan sponsored by your employer. In contrast, IRAs are personal retirement accounts independent of your employer. FAQs How do you open a savings account? Can you lose money in a savings account? Are online-only savings accounts safe? How much will $10,000 ...
How to make the most of military retirement benefits for Army, Air Force, Navy, Coast Guard and Marine Corps.
Overall, the Employee Retention Credit serves as a vital lifeline for businesses, providing them with much-needed financial support to retain their employees in challenging times. By understanding the criteria and calculations involved, businesses can take advantage of this credit and minimize the impac...
How is a pilot’s salary calculated? First of all, remember thatairline pilots are paid by the hour for actual hours flown. They are not paid per flight. Federal law requires that airline pilots are to fly no more than 1,000 hours per year. This is to ensure they are well rested and...
Employment Eligibility Verification (I-9).Before you can officially welcome your first new hire, you need to make sure they're legally authorized to work in the United States. This is where Form I-9 comes in. Your new employee will need to complete this form and provide documentation (like...
The Federal Employees Retirement System (FERS) is a retirement plan that covers all employees in the executive, judicial, and legislative branches of the federal government. Employees underFERSreceive retirement benefits from three sources: the basic benefit plan, Social Securit...
The Civil Service Retirement System (CSRS) is a system that provided retirement, disability, and survivor benefits for most U.S. civilian service employees working for the federal government. It was replaced in 1987 by the Federal Employees Retirement System (FERS). However, employees who were o...