The Internal Revenue Service is boosting the maximum contribution that workers can make to their 401(k) pension plans without paying upfront taxes. The limit will rise to $17,000 next year.
Total U.S. money market mutual fund assets fell $2.95 billion to $2.636 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
It used to be that small businesses couldnt afford to offer retirement plans for their employees. It cost too much and the offerings for small businesses were few and far between. That has changed in the past few years, with more companies offering micro retirement plans.
Total U.S. money market mutual fund assets rose $4.87 billion to $2.639 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Stocks edged higher Wednesday after a trade group reported that the U.S. service sector continued to grow in September. Private company hiring also increased.
Total U.S. money market mutual fund assets rose $13.21 billion to $2.634 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.