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Bipartisan legislation to create a new federal commission that would study and recommend ways to improve Americans’ retirement security has been reintroduced in the Senate.
The Federal Retirement Commission Act, reintroduced May 14 by Sens. Todd Young (R-IN) and Cory Booker (D-NJ), would charge...
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Accumulation of retirement savings seems pretty cut-and-dried, although it certainly can be complicated. And then there’s decumulation, which a recent blog entry argues is equally important yet is largely under the radar screen.
In “A Closer Look: Decumulation Confusion” Cammack Retirement’s...
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Mothers give us a lot, not the least of which is life itself. But as I was reading through all the accolades on social media over the weekend, I couldn’t help but be reminded of all my mother gave me.
As is the case in many families, “Mom” was our family’s CFO. See, like many in his generation, my...
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Perhaps consensus is a part of who we are as a people. But voices offering new ideas that challenge accepted mindsets are also part of who we are. And that applies to the discussion concerning retirement savings and preparedness as much as it does for anything else.
There was lively debate in the...
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There has been a lot of litigation in recent months alleging excessive fees and an imprudent reliance on proprietary funds by asset managers' own 401(k) plans. But a new study finds some interesting differences in plan design and participation.
The findings are captured in a recent white paper...
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Gordon Hartogensis was sworn in as Director of the Pension Benefit Guaranty Corporation on May 15. The U.S. Senate had confirmed him as director on May 1.
Hartogensis, who has worked on Wall Street and also has been an entrepreneur and investor, as well as leader in the technology sector, succeeds...
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So is there a retirement crisis or not? House Budget Committee members and experts who testified before the committee on May 15 did not agree. But at least they did concur on one thing: the need to take action to bolster the retirement readiness of those who are not well-prepared.
Testifying...
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Former American Retirement Association President Marcy L. Supovitz has been named to the ERISA Advisory Council, which advises the Labor Department on policies and regulations regarding ERISA plans.
The 15-member council (formally titled the Advisory Council on Employee Welfare and Pension Benefit...
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Changes that don’t have anything to do with retirement might undermine bipartisan support for retirement security legislation.
House Majority Leader Steny Hoyer (D-MD) late last month had announced that the House planned to take up the Setting Every Community Up for Retirement Enhancement (SECURE...
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Picking up where they left off in the last Congress, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) reintroduced their comprehensive “Retirement Security and Savings Act” on May 13.
The 132-page bill includes more than 50 provisions designed to strengthen Americans’...
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