Why IRAs Are Better Than 401 k s 03 Jul 2008: related news

[RHSA-2008:0569-01] Critical: firefox security update

Red Hat Security Advisory Synopsis: Â Â Â Â Â Critical: firefox security update Advisory ID: Â Â Â RHSA-2008:0569-01 Product: Â Â Â Â Â Red Hat Enterprise Linux Advisory URL: Â Â Â https://rhn.redhat.com/errata/RHSA-2008-0569.html Issue date: Â Â Â Â 2008-07-02 CVE Names: Â Â Â Â CVE-2008-2798 CVE-2008-2799 CVE-2008-2800 Â Â Â Â Â Â Â Â Â Â CVE-2008-2801 CVE-2008-2802 CVE-2008-2803 Â Â Â Â Â Â Â Â Â Â CVE-2008-2805 CVE-2008-2807 CVE-2008-2808 Â Â Â Â Â Â Â Â Â Â CVE-2008-2809 CVE-2008-2810 CVE-2008-2811 ===================================================================== 1. Summary: Updated firefox packages that fix several security issues are now available for Red Hat Enterprise Linux 5.

Worksheet: The Roth 401(k) Estimator

This relatively new retirement savings option, which first became available on January 1, 2006, combines features of both a traditional 401(k) plan and a Roth IRA. Like a Roth IRA, contributions are made on a post-tax basis and qualified withdrawals taken during retirement are completely tax free. (With a traditional 401(k), contributions are pretax and withdrawals taken during retirement are taxed as ordinary income.) And like a traditional 401(k), the Roth 401(k) has no income restrictions — if your employer offers it, you're eligible. (For more details, read our story, "Introducing the Roth 401(k).")

Why IRAs Are Better Than 401(k)s? ? ? 03 Jul 2008

As inflation rises in Asia, expect more monetary tightening from its central banks in the second-half of 2008, says Tom Vosa, head of market economics, Europe at the National Australia Bank. He talks to CNBC's Stephen Sedgwick & Maura Fogarty.

What Small Business Owners Need to Know About 401(k)s

Running a small business can be a life-consuming process, so sometimes small-business owners miss the forest for the trees. Maybe that's why only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. Small-business owners are so focused on developing their businesses that some do not realize that those assets can grow at a much faster rate for their retirement under the right plan. An October survey by ING DIRECT's ShareBuilder401k, which designs 401(k) plans for small businesses, found that "not enough employees" was the top reason cited by small-business owners as to why they do not have a 401(k) plan. That's despite the fact that even sole proprietorships with no other employees can have 401(k)s.

Oracle Database Bugs Let Remote Users Access and Modify Data and Cause Denial of Service Conditions and Let Local Users Gain Elevated Privileges

CVE Reference: CVE-2008-2587 , CVE-2008-2590 , CVE-2008-2591 , CVE-2008-2592 , CVE-2008-2600 , CVE-2008-2602 , CVE-2008-2603 , CVE-2008-2604 , CVE-2008-2605 , CVE-2008-2607 , CVE-2008-2608 , CVE-2008-2611 , CVE-2008-2613

Mozilla Firefox 2.0 Has Multiple Bugs That Permit Remote Code Execution, Certificate Spoofing, Cross-Site Scripting, and Other Impacts

CVE Reference: CVE-2008-2798 , CVE-2008-2799 , CVE-2008-2800 , CVE-2008-2801 , CVE-2008-2802 , CVE-2008-2803 , CVE-2008-2805 , CVE-2008-2806 , CVE-2008-2807 , CVE-2008-2808 , CVE-2008-2809 , CVE-2008-2810 , CVE-2008-2811

Sometimes It Pays To Borrow From Your 401(k)

The financial media has coined a few pejorative phrases to describe the pitfalls of borrowing money from a 401(k). Some members of the financial press would even have you believe that taking a loan from a 401(k) plan is an act of robbery committed against your own retirement. However, this idea may be more urban myth than reality. According to a study by the Employee Benefits Research Institute (EBRI), 18% of all 401(k) participants had plan loans outstanding in 2006. Clearly, these loans have a following and, in fact, they can be appropriate in some situations. Let's take a look at how such a loan could be used sensibly and why it need not spell trouble for your retirement savings (For related reading, see Eight Reasons To Never Borrow From Your 401(k).

Stacked Deck: Debit Card That Taps 401(k) Retirement Savings Is Easy to Use and Abuse

RISMEDIA, July 23, 2008-(MarketWatch)-Debit cards are straightforward. You use them for purchases and money is deducted from your bank account. But when the debited account is your 401(k) retirement plan, critics angrily line up to take a swipe at that piece of plastic.It’s not hard to see why. The 401(k) debit card lets you borrow from retirement savings and pay yourself back with interest over time, much as you would with a typical 401(k) loan. Only the card makes it much easier to crack your retirement nest egg; all you do is shop, swipe and sign.

Rethinking 401(k) rollovers to IRAs

Conventional retirement wisdom tells us that when you leave a job, you should roll over your 401(k) to an IRA. Rollovers allow you to continue delaying taxes on your nest egg as it accumulates and avoid an early-withdrawal penalty. But if you have an especially good 401(k) with your old company, it may be better to leave your retirement money there or roll it over into your new company's 401(k).

Linux kernel (SUSE-SA:2008:030)

______________________________________________________________________________ SUSE Security Announcement Package: kernel Announcement ID: SUSE-SA:2008:030 Date: Fri, 20 Jun 2008 14:00:00 +0000 Affected Products: openSUSE 10.2 openSUSE 10.3 Vulnerability Type: remote denial of service Severity (1-10): 9 SUSE Default Package: yes Cross-References: CVE-2007-5500, CVE-2007-5904, CVE-2007-6206 CVE-2007-6282, CVE-2007-6712, CVE-2008-0600 CVE-2008-1367, CVE-2008-1375, CVE-2008-1615 CVE-2008-1669, CVE-2008-2136, CVE-2008-2148 CVE-2008-2358 Content of This Advisory: 1) Security Vulnerability Resolved: Linux kernel security update Problem Description 2) Solution or Work-Around 3) Special Instructions and Notes 4) Package Location and Checksums 5) Pending Vulnerabilities, Solutions, and Work-Arounds: See SUSE Security Summary Report.

Large Defined Benefit Plans Produce Better Returns Than Comparable 401(k) Plans

From Spencer's Benefits Reports: Companies that sponsor both large defined benefit plans and 401(k) plans see better investment returns from their defined benefit plans, according to Watson Wyatt. This generally is true because larger plans have access to a wider variety of investment options and economies of scale. As reported in a recent Insider newsletter, Watson Wyatt used 5500 form data to calculate the median rate of return for plan sponsors that sponsored both a defined benefit plan and a 401(k) plan, each with at least 100 participants.

401(k) Audits Get Tougher

Regulators are looking at 401(k) plans with 100 or more participants under a more powerful microscope than in past years and CFOs who are plan fiduciaries are paying closer attention than ever to the annual mandatory plan audit. The July 31 deadline for submitting audited plan financial statements to the federal government is fast approaching and this year those audits face stricter standards, according to Buchbinder Tunick & Co, a CPA firm.

Rethinking 401(k) Rollovers

Conventional retirement wisdom tells us that when you leave a job, you should roll over your 401(k) to an IRA. Rollovers allow you to continue delaying taxes on your nest egg as it accumulates and avoid an early-withdrawal penalty. But if you have an especially good 401(k) with your old company, it may be better to leave your retirement money there or roll it over into your new company's 401(k).

What Should You Do With Your Old 401(k)?

(EMAILWIRE.COM, June 26, 2008 ) (EMAILWIRE.COM, Cincinnati, OH -- If you have changed jobs several times during the course of your career, you probably have an interesting collection of retirement savings accounts from your previous employers. In fact, according to the Department of Labor, Americans move to a new employer once every four years and our collective trail of old 401(k) and 403(b) plans totals in the trillions of dollars. While leaving your retirement account with a former employer is a better decision than cashing out your account and splurging on a boat, it may be more beneficial to consolidate your retirement savings by rolling your old 401(k) or similar employer-sponsored retirement plan into an IRA. A Rollover IRA offers you four major benefits: • Increased Investment Options.

7 things to consider before you move your 401(k) into an IRA

Conventional retirement wisdom tells us that when you leave a job, you should roll over your 401(k) to an IRA. Rollovers allow you to continue delaying taxes on your nest egg as it accumulates and avoid an early-withdrawal penalty. But if you have an especially good 401(k) with your old company, it may be better to leave your retirement money there or roll it over into your new company's 401(k).

Stull, Stull & Brody Announces Investigation on Behalf of Participants and Beneficiaries of the 401(k) Savings and Profit Sharing Plan of the McGraw-Hill Companies, Inc. and Its Subsidiaries and the Standard and Poor's 401(k) Savings and Pr

Stull, Stull & Brody Announces Investigation on Behalf of Participants and Beneficiaries of the 401(k) Savings and Profit Sharing Plan of the McGraw-Hill Companies, Inc. and Its Subsidiaries and the Standard and Poor's 401(k) Savings and Profit Sharing Plan for Represented Employees

Bolt a huge fan of Hayden and Gilchrist

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401(k)s To Get More Cost Effective

It looks like 401(k) sponsors and participants are finally coming into the home stretch in the race to obtain clearer fee disclosure. The House Education and Labor Committee chaired by George Miller (D-Calif.) has been pushing passage of the 401(k) Fair Disclosure for Retirement Security Act, which differs somewhat from an earlier bill that was sharply criticized by the mutual fund industry -- largely because it required that all plans include an index fund, a less expensive investment option than most other fund offerings.

Next Generation of 401(k)s Shows Automatic Enrollment and Step-Up Provisions Doubling Among Employers: Deloitte Survey

PRNewswire/ -- Employers are taking decisive actions to make 401(k) plan participation as easy as possible for employees, according to the 2008 401(k) Benchmarking Survey, conducted by Deloitte, the International Foundation of Employee Benefit Plans and the International Society of Certified Employee Benefit Specialists (ISCEBS). Survey respondents addressed such topics as eligibility and enrollment, contributions, matching formulas, investment funds, revenue sharing, defined benefit plans, fees, vendors, plan effectiveness, communications and administration.

10 ways to spot 401(k) abuse

More Americans than ever rely on 401(k) plans to save for retirement. And to say the plans are increasingly popular is an understatement. Assets in 401(k) plans surpassed $3 trillion at the end of 2007, according to the Investment Company Institute, a national association of U.S. investment companies.

Corporate I-T records open to hacking too

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KOHL HEARING TO EXAMINE STEEP RISE IN 401(k) LOANS, PLAN POLICIES TO REDUCE LOSS OF SAVINGS

WASHINGTON - On Wednesday, July 16, U.S. Senate Special Committee on Aging Chairman Herb Kohl (D-WI) will hold a hearing on reducing 401(k) leakage caused by loans and withdrawals, which can result in a substantial loss in retirement savings. At the hearing, the Center for American Progress will release a report entitled, "Robbing Tomorrow to Pay for Today: Economically Squeezed Families are Turning to Their 401(k)s to Make Ends Meet," which demonstrates that loans are not only increasing in number, but that the amounts taken out and the percentage of participants taking loans is growing substantially as well.

Why Bad Credit Personal Loans help you

Bad credit personal loans are getting progressively competitive because of the fact that we are living in turbulent times and individuals have gone into credit problems. While this industry is quite competitive and you will find safer deals than a few years ago, you will nonetheless pay a higher interest rate than someone with good credit because bad credit personal loans are still regarded as high risk to financial companies. Bad credit personal loans lenders will give careful attention to your repayment ability, collateral, your character. Many A times credit score is not the single criteria when realizing personal loans determination. Bad credit personal loans are entirely accessible these days. These are personal loans commercialized to individuals with a poor credit score or poor credit history.

401(k) Participants Pull Out from Equities

401(k) participants continued to flee equity holdings in June 2008, according to Hewitt’s 401(k) Index.

China Film Distributor Poly Bo> 2008-8-19 " India's Mahindra Group in Seco> 2008-8-19 " China-Based MP3 Maker Plans Re> 2008-8-19 " China's Qian Feng Fabric to Ra> 2008-8-19 " Suzhou Ventures Group and Digi> 2008-8-19 " Infotech Acquires 14.74% Stake

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