IBM Offers Employees New Retirement Account That Looks a lot Like a Pension
The company will put 5% of employees' salaries in the new account instead of a 401(k) match.
The company will put 5% of employees' salaries in the new account instead of a 401(k) match.
Vast majority of Social Security benefits are paid by tax on workers. Every year 12.4% of people's salaries up to limit gets paid toward that program.
Retirement account rules and contribution limits get adjusted in the new year.
Last year, many Americans who retired early during the pandemic were mulling a return to the workforce. No longer.