Every November 11 on Veterans Day, the United States proudly honors the brave men and women who served in our armed forces. We also honor their families, for the many sacrifices and hardships they endured while their loved ones protected our nation. These heroes and their families deserve our utmost respect and gratitude. Instead, some … Continue reading "Senate Passage of SECURE Act Would Help Gold Star Families and All Americans"
A well-known national motto e pluribus unum or “out of many, one” is a powerful statement of our strength as a unified nation. It reminds us that our country is greater than the sum of its parts and appears on the Great Seal of the United States, as well as most U.S. currency. This isn’t just … Continue reading "Financial Advisors from 50 States Urge Senate to Pass SECURE Act"
On May 23, the U.S. House of Representatives overwhelmingly passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, 417-3. The bipartisan landslide vote was not surprising. SECURE has attracted supporters from across the political spectrum because of all the good it will do for Americans’ financial security. What is disappointing is that in … Continue reading "91 Business & Community Leaders Call on Senate to Pass SECURE Act"
Tonight, millions of children across America will dress up and go trick-or-treating for Halloween. In the nation’s capital, plenty of excited kids will wear the uniforms of the newly crowned World Series champion Washington Nationals. And adults will throw open their doors and recognize the effort. Perhaps these canvassers have learned something from supporters of … Continue reading "Retirement Savers at the Door, Senate Should Pass the SECURE Act"
Fall is in the air in our nation’s capital, and the winds of change behind a bipartisan landmark retirement bill continue to gust up. Last week, a group of seven U.S. senators, led by Senator Tim Scott of South Carolina, sent a letter to Senate Majority Leader Mitch McConnell of Kentucky. The letter urged the Senate to immediately … Continue reading "Sen. Tim Scott Leads Effort for SECURE Act"
You might be surprised to know that 73% of working women are engaged in managing their long-term finances, according to research initiated by the American Council of Life Insurers. This is separate from things like budgeting for groceries or registering for kids’ sports teams, turning the outdated stereotype that women focus only on household budgets … Continue reading "Here’s a Question Every Woman Leader Should Be Asking…"
I’ve read a number of stories recently critical of 403(b) retirement plans with annuities—which guarantee lifetime income. These stories typically note how fees in these arrangements “tend to be higher than in 401(k) plans.” With annuity guarantees, there’s a reason for that. Predating 401(k)s by two decades, 403(b) plans are named after a Tax Code … Continue reading "Why Are Annuities Different from Other Investments? Guarantees."