Help for retirement plan participants comes from an unlikely source
Posted by Jane SmithWhen you’re looking for information about retirement plans, the Internal Revenue Service probably isn’t the first place that comes to mind. However, the IRS has a helpful guide for participants in retirement savings plans. A resource called Life Events That Can Affect Retirement Savings is designed to walk employees through decisions that they might need to make about their retirement savings and pension plans.
This guide leads users through the various decisions and life events that participants in retirement plans encounter throughout their working - and retired - lives. The guide also includes definitions of important concepts and terms such as automatic enrollment, vesting, contribution levels, fees, loan and hardship withdrawal options, and the tax consequences of various participant choices.Â
Particularly useful is the section on “Life Changes” that discusses what participants should do at the time of marriage, divorce, becoming disabled, and death of a spouse or the participant’s death.   Â
Links to Life Events that Can Affect Retirement Savings and other resources can be found in the Fact Sheets section of our web site.
Print - 
E-mail