Data and Research | May 15th, 2024 PGIM and TIAA Rethink 4% Withdrawal Rule, Finding Retirees Can Spend More For defined contribution plan participants, new research from PGIM and TIAA offers a fresh perspective on the usefulness of a...
Benefits | May 6th, 2024 Social Security Trust Funding Gains Year to 2035 Social Security board’s annual report says strong economy, job growth boost funding; calls on Congress to act for the future.
Products | March 21st, 2024 Product and Service Launches TIAA Distributes Annuity to Empower DC plans; HSA Bank launches emergency savings accounts; Navia partnership launches custom 401(k) plans; and...
Compliance | March 13th, 2024 Plaintiffs Request Judge Approve Settlement in ERISA Data Breach Lawsuit Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...
Compliance | March 11th, 2024 Mega Backdoor Roth Conversions Targeted by Biden Budget Proposal The budget proposal takes aim at ‘tax-free fortunes,’ and includes tax consideration to shore up Social Security.
Compliance | March 8th, 2024 Biden Opposes Social Security Cuts, Highlights Junk-Fee Rules in State of the Union The president focused his remarks on issues that stress Americans’ finances and vowed to protect Medicare and expand drug price...
Investing | March 7th, 2024 Product and Service Launches T. Rowe Price launches Social Security optimizer; IRI updates its retirement saving and income handbook; Just Futures launches ‘values-driven’ 401(k)s...
Compliance | February 28th, 2024 Julie Su’s Nomination for Secretary of Labor Passes Senate Committee The vote was held in a closed session and advanced by a party-line vote; meanwhile, the Senate committee chaired by...
Administration | February 7th, 2024 How Sponsors Can Get the Most out of DC Plan Design Changes Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Data and Research | January 3rd, 2024 Social Security Bridging: A Low-Hanging Strategy for Plan Sponsors, Participants? Delaying the collection of Social Security and using a bridging strategy to fill in the income gap is an effective...
Administration | December 19th, 2023 Martin O’Malley Approved as Social Security Commissioner The former governor of Maryland takes his first major non-elected role as the SSA faces a ‘customer service crisis.’
Data and Research | December 13th, 2023 Gen Xers Still Falling Short of Retirement Savings Expectations While Gen Xers expect to need more than $1 million to comfortably retire, the majority of pre-retirees believe they will...
Compliance | December 1st, 2023 How to Encourage Collecting Social Security at 70 A report from the New School outlines some policy options to encourage later collection.
Administration | December 1st, 2023 DOL Reminds Plan Sponsors, Participants to Search for Missed Retirement Assets The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social...
Benefits | October 31st, 2023 Congress Must Act Soon to Save Social Security, Actuaries Say The American Academy of Actuaries recommended that tax increases and benefits reductions should be phased in gradually to address Social...
Benefits | October 26th, 2023 Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Administration | October 20th, 2023 Fed’s Bostic Addresses Wealth Inequality, Inflation at New School Lecture The president and CEO of the Fed’s Atlanta branch said monetary policy is limited in its ability to reduce wealth...
Benefits | October 17th, 2023 COLA Announcement Prompts Call for Better Inflation Protection Some industry experts suggest another inflation measure could better reflect costs for older Americans.
Administration | October 12th, 2023 Social Security COLA Announced as 3.2% for 2024 Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the...
Data and Research | October 4th, 2023 Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers Low-income workers can delay retirement, liquidate home equity and utilize a workplace retirement plan to improve their retirement readiness, new...