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 This is separate from things like budgeting for groceries or registering for kids’ sports teams, turning the outdated stereotype that women focus only on household budgets … Continue reading "Here’s a Question Every Woman Leader Should Be Asking…"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."
This might be the most energized I’ve seen the nation’s capital in years. Enthusiastic groups have come together, bound by a common cause. People from all races, religions, genders and political persuasions stand side-by-side, unified by their shared passion. The cheers are intensifying. The excitement is building. And we’ve been anticipating and hoping for this … Continue reading "Senators’ Letter Points Way to a Grand Slam by Passing SECURE"
There are countless reasons to be excited about the Setting Every Community up for Retirement Enhancement (SECURE) Act. For starters, it will: Prevent as many as 4 million people in private-sector pension plans from losing future benefits. Allow older workers and retirees to contribute more to their IRAs. Protect defined contribution plans at 1,400 religiously … Continue reading "SECURE Act Would Help Small Businesses Offer Big-Time Retirement Benefit"
Next Sunday is Gold Star Mother’s Day, honoring the mothers whose sons and daughters died while serving in our nation’s armed forces. For thousands of Gold Star families, however, their day of honor will be marked by an undercurrent of financial uncertainty and stress. The 2017 federal tax reform law unintentionally changed the tax rules … Continue reading "SECURE Tax Fairness for Gold Star Families"