Page 6 - Brian Graff News Today

The Department of Labor has proposed rule changes to make it easier to access ESG funds in retirement plans, reversing a Trump administration policy.

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

The bill would encourage retirement plan participation by giving people penalty-free access to funds in the event of an emergency.

Democrats seek to expand ESG strategies in retirement plans Keith Lewis © Provided by Roll Call Tina Smith has offered legislation permitting investors to put ESG into investment decisions. Investment strategies that consider environmental, social and governance factors may soon find their way into employer-sponsored retirement plans, expanding access to millions of Americans whose only stake in the market is through a 401(k) or similar account. Senate Democrats this month i...

Senators Introduce Bipartisan Bill to Increase Retirement Plan Participation The Improving Access to Retirement Savings Act is intended to open MEPs to 403(b) plans and more small businesses. Three US senators have introduced legislation they say would make improvements to existing laws to help more organizations and small businesses participate in retirement plans, including multiple employer plans (MEPs) and pooled employer plans (PEPs). Sens. Chuck Grassley, R-Iowa; Maggie Hassan, D-New Hamp...

So, this is my last quarterly commentary as President of NAPA!  As I was trying to figure out what I was going to write this quarter, I had to reflect on this year as President. I have to say before I joined the Leadership Council (LC) in 2016, I had no idea what they did. Who were these mystery people that always sat in the front at Summit and seemed to have a pulse on everything NAPA?  You may not realize all the work the leadership council does, so I would like to take this opportunity to ...

American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze. The American Retirement Association (ARA) has successfully lobbied to have a provision removed from the latest COVID-19 relief bill that would have frozen the annual cost-of-living adjustments (COLAs) for overall contributions to defined contribution (DC) plans and for the maximum annual benefit under a defined benefit (DB) plan, effective for calendar years beginning after 2030. A substitute amendme...

The American Retirement Association issued the following news release:. The American Retirement Association, the nation's leading advocacy organization of retirement plan professionals and plan sponsors, commends the decision by the Department of Labor to confirm that its exemption for investment advice fiduciaries will go into effect, as scheduled..

Trump-era investment-advice exemption to take effect as planned Bloomberg A Department of Labor prohibited transaction exemption that permits investment-advice fiduciaries to receive compensation for more types of guidance, including advice to roll over assets from a retirement plan to an individual retirement account, will go into effect Feb. 16 as scheduled, the agency said Friday. The exemption was finalized in December under the Trump administration but needed 60 days to take effect. Upon t...

Take What You Need, Give What You Can RVA Community Fridges aims to address food insecurity | Photos courtesy RVA Community Fridges Expand The first RVA Community Fridge, painted by local artist Ayana Love, is located at 2025 Venable St. in Union Hill. × × × At 2025 Venable St. in Union Hill, beside the cafe and shop Pomona, sits a brightly painted vessel decorated with an abstract design. Inside, it is fully stocked with fresh produce and cartons of...