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A House hearing this week focused on retirement savings gave advocates hope that legislation could be approved by the end of the year.

President Joe Biden’s nominee for assistant secretary of labor for the Employee Benefits Security Administration, Lisa Gomez, has deep experience in labor issues.

Auto-IRA measures move forward in New York and Illinois The states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Illinois dramatically lowering the threshold for mandatory participation in its existing program. May 19, 2021 2 MINS Two states – New York and Illinois – are working to pass legislation that would give a big boost to auto-IRA initiatives. Last week the states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Ill...

How yoga can help improve retirement plans People benefit from being flexible, and the defined-contribution industry can too, as it attempts to provide benefits in a way that takes into account the individual needs of employees. April 13, 2021 3 MINS As an avid practitioner of yoga for the past 20 years, I have personally experienced the many benefits of being flexible while at the same time suffering the pain and limitations of rigidity. The benefits of flexibility also apply to 401(k) and 403(b) plans. The auto plan brought defined-contribution plans into the 21 st cen...

Bond-based public program would save retirement, Ric Edelman says The RISE accounts Edelman is proposing would be funded initially by $5,884, and people would be able to begin receiving retirement income checks starting at age 70. February 12, 2021 2 MINS A proposal from Edelman Financial Engines co-founder Ric Edelman seeks to solve the retirement savings crisis through a savings bond program for newborns. The idea, Retirement Income Security for Everyone, or RISE, could increase income levels in retirement by 250%, Edelman said. With accounts funded initially by $5,884...