For many Americans, concerns about their retirement security have intensified in 2020 due to the economic disruption and market volatility triggered by COVID-19. Their concerns can be lessened through financial security products offered by life insurers, including annuities. Annuities are the only financial product in the marketplace that can guarantee lifetime income. Americans receive valuable information … Continue reading "Rhode Island Moving to Protect its Citizens’ Financial Security"
If the Setting Every Community Up for Retirement Enhancement (SECURE) Act was an engine empowering more people to save for retirement, then the Securing a Strong Retirement Act of 2020 (SSRA) is the rudder. The bill, introduced by House Ways and Means Chairman Richie Neal and Ranking Member Kevin Brady last week, will help steer … Continue reading "A Second Act for Retirement Security Policy"
Achieving financial security is an uphill battle for many Americans. It can be especially daunting for American women. And the challenge has only gotten tougher due to the coronavirus pandemic. Women hold two-thirds of the nation’s student loan debt. They make less money than men in the workplace. And they bear a disproportionate share of … Continue reading "How Can American Women Achieve Economic Security?"
The coronavirus pandemic and the resulting economic downturn has affected the finances of millions of Americans. Yet, saving for retirement is still the top priority for American workers. Building on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 which helped improve access to retirement security for American workers, House Ways & Means Committee … Continue reading "Securing The Path to Financial Security"
Americans prefer to stay in their homes as they age. Research on the topic is clear. That’s not about to change as concerns mount over nursing homes with the spread of COVID-19. About 40 percent of coronavirus deaths are linked to nursing homes. This is a challenge for millions of Americans. By 2030, those … Continue reading "Helping Older Americans Stay In Their Own Homes"
In a recent Bloomberg Law article, Jim Jorden, a partner with Faegre Drinker Biddle & Reath LLP, reviewed the Department of Labor’s (DOL) latest fiduciary effort, a proposed exemption to permit investment advice fiduciaries to get paid. With more Americans living longer and needing guaranteed lifetime income offered by annuities, this DOL effort can affect consumer … Continue reading "Consumers Need Harmonized Fiduciary Rule"
The economic downturn triggered by the COVID-19 pandemic has impacted millions of Americans. It has also illuminated the strain on caregivers, especially women. Women have long shouldered an unequal burden of child-care responsibilities, and that trend has intensified during the pandemic. Women have also been disproportionately affected by job losses due to COVID-19, with mothers of … Continue reading "What Can Be Done For Caregivers’ Retirement Security During COVID-19?"