‘Saver’s Tax What?’ A Key Tool for Retirement Savers – Who Knew?

Since October is National Retirement Security Month, let’s hear it for everyone giving their all on the job, and saving for the day when they can finally retire. They deserve cheers — especially those earning moderate incomes.   But let’s also consider educating these workers about an important tool known as the “savers tax credit” or … Continue reading "‘Saver’s Tax What?’ A Key Tool for Retirement Savers – Who Knew?"

COVID-19 Magnifies Retirement Savings Gap, Emphasizes Need to Act

The economic slowdown prompted by the COVID-19 pandemic has affected millions of Americans. It has also intensified the importance of finding solutions to the retirement savings gap faced by so many Americans. One-third reaching retirement age have $25,000 or less saved. Last year, the U.S. Congress took an important step forward by passing the SECURE … Continue reading "COVID-19 Magnifies Retirement Savings Gap, Emphasizes Need to Act"

Department of Labor Should Protect Retirement Savers’ Access, Choices

The economic slowdown caused by the COVID-19 pandemic has pushed more older workers out of work. Many of those affected are increasingly anxious about their retirement security. The last thing policymakers should do now is to create more anxiety for those needing some retirement certainty. Unfortunately, that’s exactly what the Department of Labor has done with its … Continue reading "Department of Labor Should Protect Retirement Savers’ Access, Choices"

It’s the Rule of Law: Protecting Consumers’ Best Interest

Earlier this year, Iowa’s Insurance Department approved a best interest annuity rule that closely follows the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. A few weeks later, Arizona Governor Doug Ducey signed a bill into law that also mirrors the NAIC model. Iowa and Arizona demonstrated how states can provide people purchasing annuities … Continue reading "It’s the Rule of Law: Protecting Consumers’ Best Interest"