WALKER: A watershed 401(k) deadline is hurtling our way
Plan sponsors will face both higher expectations and legal responsibilities.
Retirement
Articles
Finish Line exec Cohen plans to retire in March
Chief Administrative Officer and Corporate Secretary Gary Cohen, a key figure in a recent acquisition, will step down from his posts on Thursday and will help with the transition until his retirement in 2012.
Fishers named a top suburb for retirees
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
Bill Mays to retire from Mays Chemical
The most successful black businessman in Indiana plans to retire from the company that bears his name at year-end as part of a transition that ultimately will put his daughter at the helm.
Indiana University to offer workers buyout plan
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
Baby boomers near 65 with retirements in jeopardy
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.
More cash-strapped workers dipping into 401(k) accounts
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
Seniors are nation’s fastest-growing group of entrepreneurs
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.
New retirement savings law means new biz for AUL
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.