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July 12th, 2022 Information & Insights for the 403(b) Community Hopes Are High for Lame-Duck Passage of SECURE 2.0 One retirement industry policy expert says the conversations she is having on Capitol Hill make her optimistic that the ambitious retirement reform package could pass after the November elections. How the Great Resignation Is Impacting Plan Sponsors Higher-than-usual turnover is affecting investment committees, benefits teams and service providers. Ask the Experts When Do RMDs Have to Start and What Is Maximum Normal Retirement Age? "I read with interest your Ask the Experts Column stating that the maximum normal retirement age in a 457(b) plan for purposes of the last-three-years special catch-up election under 457(b)(3) has not yet increased from age 70 ½ to age 72. Does this mean that the required beginning date for commencement of Required Minimum Distributions (RMDs) has not increased from 70 ½ to 72, either?" Has Vesting Gotten Controversial? Education and communication are key to getting plan sponsors and participants on the same page. Assessing the Risks Workers Face Going Into Retirement The Center for Retirement Research has identified five major risks that many U.S. workers will face in retirement; its analysis also shows a disconnection between retirees’ real and perceived risks. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850