Retirement security has been an elusive goal for many Americans. The economic slowdown prompted by COVID-19 hasn’t made things any easier. Fortunately, there is support for Americans on the horizon. And it’s emerging from states like Delaware. This week, Delaware Insurance Commissioner Trinidad Navarro proposed a rule that would ensure that American savers retain access … Continue reading "Delaware Does it Right"
My mother passed away at the age of 91. She was smart, stylish and fiercely independent. An avid reader of MONEY magazine and of news about the Federal Reserve and interest rates, she would be at a loss by a recent article: How Should Retirees Invest With the Fed Keeping Rates Low? It said, “With … Continue reading "Interest Rates Getting You Down?"
Last year’s SECURE Act paved the way for greater access to workplace savings plans. Now, Congress is focusing on ways to increase how much Americans save. Ways and Means Chairman Richard Neal and Ranking Member Kevin Brady have introduced the Securing a Strong Retirement Act of 2020 or SSRA. The bill is focused on increased … Continue reading "This Bill Would Help Americans Save For Retirement"
After months of economic heartache from the coronavirus, it is encouraging to learn of some good news about Americans’ retirement security. The Vermont Retail & Grocers Association (VRGA) and affiliates recently announced they are introducing a multiple employer 401(k) retirement plan (MEP) for their members. As a result, more employees at Vermont retailers will soon … Continue reading "Merchants And MEPS – Improving Retirement 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"
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"
A critical challenge in enhancing Americans’ retirement security is expanding access to workplace retirement savings – especially for those working for small employers. In response, Congress included a pooled plan solution in the SECURE Act. With a pooled plan, most of the administrative and fiduciary responsibilities are handled by the pooled plan provider – not … Continue reading "Game Changer: The Retirement PEP Rally"