Investors see a range of threats on the horizon in 2024, although AI will unlock new investment opportunities, says a Natixis survey of 500 investors who manage retirement and institutional assets.
Health Savings Accounts are increasingly being positioned as part of a holistic retirement savings approach, with nearly half (46%) of organizations using HSA auto-enrollment, according to a PSCA survey.
SECURE 2.0 increases the cap for mandatory force-outs on account balances from $5,000 to $7,000 after December 31, 2023, however, plan sponsors may want to have more assets in the plan to lower fees for all participants.
After denying a request by financial groups to extend the public comment period for the new proposed rule, the DOL is now giving stakeholders a chance to make their case at a virtual hearing on Dec. 13 and 14.
Plan sponsors and advisors could face heightened scrutiny under the proposed fiduciary rule, however, they can learn more about the new regulation at a virtual public hearing next week or file public comments by Jan. 2, 2024.
Low earnings was identified as the number-one biggest roadblock (41%) for retirement, while the majority of Americans (53%) feel they're lagging behind their peers in savings, according to a new survey.
Once a leader in the shift away from defined benefit plans to defined contribution plans in the U.S. in the '80s and '90s, the tech giant is now taking a different approach by switching employees to a Retirement Benefit Account.
A bipartisan bill introduced in the Senate on Wednesday removes barriers that have discouraged companies from offering employer-sponsored retirement plans to Americans under 21 by lowering the participation age to 18.
After 18 financial groups asked for a 60-day extension for the DOL's proposed new fiduciary rule last week, the department told them it is not warranted, reiterating that comments are still due Jan. 2.
Nearly 6 in 10 Gen Z women believe they'll be financially prepared for retirement – a significant higher proportion than women in other generations, according to a recent Northwestern Mutual study.
DebugScreen: mobile
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{
"uri": "/2024/01/09/turmoil-ahead-2024-trends-that-will-keep-retirement-investors-up-at-night/",
"title": "Turmoil ahead: 2024 trends that will keep retirement investors up at night",
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"summary": "Investors see a range of threats on the horizon in 2024, although AI will unlock new investment opportunities, says a Natixis survey of 500 investors who manage retirement and institutional assets.",
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{
"uri": "/2024/01/03/401k-hsa-the-perfect-retirement-power-couple/",
"title": "401(k) & HSA: The perfect retirement power couple?",
"byline": "Kristen Beckman",
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"summary": "Health Savings Accounts are increasingly being positioned as part of a holistic retirement savings approach, with nearly half (46%) of organizations using HSA auto-enrollment, according to a PSCA survey.",
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},
{
"uri": "/2023/12/21/low-401k-account-balances-retain-or-force-out-when-employees-exit-the-company/",
"title": "Low 401(k) account balances: Retain or force out (when employees exit the company)?",
"byline": "Kristen Beckman",
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"summary": "SECURE 2.0 increases the cap for mandatory force-outs on account balances from $5,000 to $7,000 after December 31, 2023, however, plan sponsors may want to have more assets in the plan to lower fees for all participants.",
"body": null
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{
"uri": "/2023/12/11/after-denying-extension-dol-announces-2-day-fiduciary-rule-hearing-this-week/",
"title": "After denying extension, DOL announces 2-day fiduciary rule hearing this week",
"byline": "Kristen Beckman",
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"prettyDate": "December 11, 2023",
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"summary": "After denying a request by financial groups to extend the public comment period for the new proposed rule, the DOL is now giving stakeholders a chance to make their case at a virtual hearing on Dec. 13 and 14.",
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{
"uri": "/2023/12/07/whats-the-impact-of-dols-new-fiduciary-rule-a-qa-with-richard-clarke/",
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"summary": "Plan sponsors and advisors could face heightened scrutiny under the proposed fiduciary rule, however, they can learn more about the new regulation at a virtual public hearing next week or file public comments by Jan. 2, 2024.",
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{
"uri": "/2023/11/29/roadblocks-to-retirement-inflation-student-loans-put-americans-behind-in-2023/",
"title": "Roadblocks to retirement: Inflation, student loans put Americans behind in 2023",
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"summary": "Low earnings was identified as the number-one biggest roadblock (41%) for retirement, while the majority of Americans (53%) feel they're lagging behind their peers in savings, according to a new survey.",
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"uri": "/2023/11/21/ibm-to-end-401k-match-offer-a-hybrid-pension-will-other-employers-follow-suit/",
"title": "IBM to end 401(k) match, offer a 'hybrid pension': Will other employers follow suit?",
"byline": "Kristen Beckman",
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"summary": "Once a leader in the shift away from defined benefit plans to defined contribution plans in the U.S. in the '80s and '90s, the tech giant is now taking a different approach by switching employees to a Retirement Benefit Account.",
"body": null
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{
"uri": "/2023/11/17/never-too-young-lawmakers-back-new-401k-plan-bill-for-teen-retirement-savers/",
"title": "Never too young? Lawmakers back new 401(k) plan bill for teen retirement savers",
"byline": "Kristen Beckman",
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{
"uri": "/2023/11/16/request-denied-dol-says-no-extension-on-fiduciary-rule-comment-period/",
"title": "Request denied! DOL says no extension on fiduciary rule comment period",
"byline": "Kristen Beckman",
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"prettyDate": "November 16, 2023",
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{
"uri": "/2023/11/15/gender-gap-in-retirement-readiness-persists-but-younger-women-bucking-the-trend/",
"title": "Gender gap in retirement readiness persists, but younger women bucking the trend",
"byline": "Kristen Beckman",
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"prettyDate": "November 15, 2023",
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