Banking

Fidelity’s 401(k) data show retirement fund loans and hardship withdrawals on the rise

The current economy has forced some workers to borrow from their 401(k) accounts in order to pay for critical living expenses, ultimately jeopardizing their future retirement. Fidelity has found that the average age of those taking a loan or hardship withdrawal is between 35 and 55 years old – when individuals often have to deal with multiple, competing, financial challenges. (read more)

Tax changes may hit paychecks hard in 2011

The rise in taxes is attributed to the expiration of four key pieces of legislation, the Making Work Pay credit, the Advance Earned Income Credit, and the 2001 and 2003 tax cuts, all set to expire on Dec. 31. (read more)

Community banks fear Dodd-Frank regulatory changes

Although the new law is designed to protect financial consumers, it could end up costing them as banks figure out ways to recoup their own higher costs. Free checking and free debit cards may both be things of the past. (read more)

 

Help us 'fight for air' Oct. 2

The American Lung Association and the Business Journal invite you to 'Fight for Air' by conquering the concourse at PNC Field on Oct. 2. Visit fightforairwalk.org.

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