Rep. Richard Neal Proposes Near-Universal Federal Auto-IRA Program
The retirement and insurance industries are backing the bill.
Source: plansponsor.com
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What if the government abolished your 401(k)? Economists say accounts aren't worth it
Two economists argue Congress should abolish the subsidies that allow people to make pre-tax contributions to retirement savings accounts.
Source: yahoo.com
Economists from the left and right call for 401(K) tax benefits to be AXED to help fund Social Security benefits
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.
Source: dailymail.co.uk
Fiduciary Proposal Comment Period Closes, Receives Both Praise and Criticism
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.
Source: plansponsor.com
DOL's Proposed Fiduciary Rule Changes See Mixed Response
The start of 2 days of testimony airs opinion from industry groups, advisers and consumer advocates in live webinars.
Source: plansponsor.com