Page 2 - Brian Graff News Today

The retirement and insurance industries are backing the bill.

Two economists argue Congress should abolish the subsidies that allow people to make pre-tax contributions to retirement savings accounts.

Tax benefits on private retirement plans should be axed in favor of higher social security payments, claims a report co-authored by a former aide to President Clinton.

Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to annuity products for lower income savers.

The start of 2 days of testimony airs opinion from industry groups, advisers and consumer advocates in live webinars.

The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers with LTPT employees, according to experts. 

Starting in 2024, the two most recent retirement laws – Secure Act and the Secure Act 2.0 – contain four provisions that may make it easier for some to bolster their retirement savings while also meeting more immediate financial obligations.

Low- and middle-income workers who aren't covered by a workplace retirement savings plan would get access to the federal Thrift Savings Plan, under a bipartisan bill introduced in the U.S. Senate recently. "Americans who work hard their entire lives deserve to retire with dignity," Sen. John Hickenlooper, D-CO, said in a statement. "This bill helps […] The post This New Federal Proposal Could Give You a 5% Match on Your Retirement Contributions appeared first on SmartR...

Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales. 

A proposal for a federal auto-IRA has met with criticism that it would undermine businesses' provision of retirement plans.