Average 401(k) balance grew in Q1

May 4th, 2015  // News

The average 401(k) balance reached $91,800 in the first quarter, a 0.5% increase from Q4 and 3.6% higher on a year-over-year basis, according to Fidelity. Average IRA balances also rose. More consumers are saving for retirement, and some are raising their contribution rates. Read more

Employers plan to raise 401(k) contributions, survey finds

May 1st, 2015  // News

More than half of global employers are planning to boost contributions to workers' 401(k) plans, and 14% say they plan to raise them dramatically, according to a survey by Vanguard. Read more

Fed lowers economic outlook, maintains rates

April 30th, 2015  // News

The Federal Reserve scaled back its view of prospects for the U.S. economy and labor market and said it would have to see more encouraging data before it considers raising interest rates. Meanwhile, the Commerce Department said economic expansion dropped to 0.2% in the first quarter from 2.2% in Q4. The central bank probably won't raise rates before Q3, analysts said. Read more

Most Americans regret the way they paid for college

April 29th, 2015  // News

Sixty-eight percent of U.S. adults with college loans said they regret the way they financed their own or their children's education. More than one-third of millennials wish they had delayed going to school in order to save more money first. Read more

Companies grow more cautious about using cash

April 28th, 2015  // News

Companies appear to be less willing to use their cash holdings during the next three months than they were in January, research indicates. Separately, companies may find that forthcoming regulations for money market funds may complicate investment strategies. Read more

Inflation worries prompt investors to turn to TIPS

April 27th, 2015  // News

Inflation worries prompt investors to turn to TIPS Read more

Nasdaq closes at record high

April 24th, 2015  // News

The Nasdaq Composite hit a record high Thursday, closing at 5,056.06 and topping a record set in 2000 right before the dot-com crash. Read more

Sales of existing homes in U.S. surge to 18-month high

April 24th, 2015  // News

U.S. sales of previously owned homes rose more than 6% to an annualized rate of 5.19 million in March, according to the National Association of Realtors. It was the highest level of sales since September 2013 and marked the sharpest acceleration in sales in four years. Homes were on the market an average 52 days before being sold, the shortest period since July. Read more

Companies struggle to balance wages, prices

April 22nd, 2015  // News

U.S. companies are considering wage increases as the labor market improves and major employers such as Wal-Mart Stores and McDonald's are raising pay. But the higher expense could mean a hit to profits or a hike in prices. Read more

Which accounting method changes must be made under the repair regs?

April 20th, 2015  // News

The tangible property regulations (i.e., the repair regs) require all but the smallest businesses to file Form 3115, Application for Change in Accounting Method, this filing season. Pamela Schuneman, CPA, explains these rules in depth, including how to take advantage of method changes that produce tax benefits. Read more

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