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The Department of Labor (DOL) wants to know what you think about auto-portability.
In a Nov. 7 request for comments, the DOL noted that employees leaving their current place of employment with small account balances in the company’s 401(k) plan often either take a distribution of their retirement...
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UPDATED NOV. 8, 2018
As expected, the Democrats took control of the House of Representatives in the congressional midterm elections, portending a major shift in focus for retirement policy issues.
Currently the party affiliation in the House stands at 219 Democrats and 193 Republicans. In the...
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CalSavers, the state-run retirement plan for private-sector employees whose employers do not offer a retirement plan, is set to launch a pilot on Nov. 19, Calpensions has announced.
The pilot is expected to start with about 20 diverse employers and grow to 50 or more. The first contributions to...
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Would you like a big payment now, or smaller payments at regular intervals for many years? When that question was posed by researchers in the context of retirement benefits, a majority chose slow and steady.
In a recent study of employees with at least $100,000 in assets nearing retirement and...
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Several of the most infamous stock market declines in history have happened in October – which turned out to be a bit of a fright for the average 401(k) balance.
Snapping a long winning streak, estimates from the nonpartisan Employee Benefit Research Institute (EBRI) note that the average 401(k)...
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At a recent event in Washington, SEC Commissioner Kara Stein provided her take on retirement readiness in the United States and what she thinks can be done to improve it.
In a conversation with the Brookings Institution,Stein painted a sobering picture. “Although everyone’s ideal retirement might...
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A new report notes that while longevity is increasing, the number of years Americans spend in retirement has not changed much over the last generation because they’re also working longer.
In “The Aging Economy: Improving with Age,” BMO Wealth Management notes that the Department of Health and...
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Halloween is the time of year when one’s thoughts turn to trick-or-treat, ghosts and goblins, and things that go bump in the night. But what are the things that keep – or should keep – plan fiduciaries up at night?
Well, there are the things like…
Getting Sued
The headlines are (still) full of...
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Did you hear the one about loan defaults adding up to $2.5 trillion in potential retirement savings shortfalls over the next 10 years? How about the “$210 Billion Risk in Your 401(k)”?
Those reports were based on an “analysis” by Deloitte that claims to find that “…more than $2 trillion in...
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The Pension Benefit Guaranty Corporation (PBGC) has issued the present values of its maximum guarantees for 2019.
The values apply to benefits with annuity starting dates in 2019. The values for the 2019 table were developed using the Internal Revenue Code Section 417(e) segment rates for August...
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