- NewsMarketWatch•18 hours ago
It’s harder than you think to spend down your 401(k) account in retirement
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
- BusinessAmerican City Business Journals•2 days ago
It may be time to get bullish on these steel stocks
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date. A report this past week by MarketRealist.com indicates that analysts appear bullish on six key steel stocks. The news comes after both AK Steel (AKS), based in West Chester, and United States Steel Corp. (NYSE: X) both reported second-quarter earnings that beat analysts expectations.
- BusinessOilprice.com•7 hours ago
‘Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates
The Permian basin is starting to see decline rates from shale wells accelerate, a trend that could be the result of too much drilling. Shale wells suffer from steep decline rates. A rush of output occurs at first, but almost immediately after the well
