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Tuesday, May 11, 2021

The Daily Money: Apparently can get kicked out of your 401(k)

In today's Daily Money newsletter, we have insights on 401(k)s, the Colonial Pipeline drama and the Ford F-150 Lightning electric pickup plans. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, May 11

Good morning, Daily Money team, it's Nathan wishing you a happy Tuesday.

We interrupt this broadcast to tell you something that may shock you. I hope you're sitting down. "Bennifer" might be back. That's right, there are rumors that Jennifer Lopez and Ben Affleck are dating again. WHAT.

On to our ... 

💡 INSIGHT OF THE DAY: If you leave your job with less than $5,000 in your 401(k), your employer can legally kick you out of your plan. Here are three ways your employer can mess up your 401(k).

📰 Here are more stories you'll want to see:

1. The Colonial Pipeline is aiming to restore most service by the end of the week. But until then, we could see some shortages at gas stations in the Southeast.

2. Get ready for the Ford F-150 Lightning. That's the name of the automaker's new electric F-150, which will be revealed next week.

3. Should you tell your boss you're looking for a new job? Um, maybe, but be careful about that.

4. Many Americans delayed their mortgage payments in 2020. Here's what they did with that freed-up cash flow.

5. Have you had your vaccine today? McDonald's is placing a pro-vaccine message on its coffee cups and seal stickers.

(Listen, I might be an older Millennials, but I'm still old enough to remember that classic McDonald's jingle .... have you had your break today?)

--@NathanBomey

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How your employer could mess up your 401(k)
It's your money, but your employer still has a lot of say over what happens to it.
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Ford to reveal F-150 Lightning electric pickup
All-electric Ford F-150 Lightning to be revealed o
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Cyber attack halts major fuel pipeline. Will gas s
 
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