Your Money Show – 401k Mistakes A Billion Dollar Business
In this segment of Your Money Show, we discussed how the Department of Labor collected $1.69 billion in fines from 401ks and pension plans in 2013. 401ks and pension plans are increasingly becoming non compliant with the laws. Why should you care? Because you when 401k and pension plans are not compliant, the money in your 401k or pension becomes taxable. We show you how to spot these problems and prevent them from happening. Our guest Dr Rob called in to tell us someone famous wants us to be frugal. What famous celebrity wants us to count our pennies?