Retirement

The 5ForLife Balanced Fund, in collaboration with Income America, is designed to provide participants in MissionSquare’s 9,200 employer plans with lifetime income, beginning at age 65.

The Small Nonprofit Retirement Security Act, introduced by Representative Vern Buchanan on Monday, would give nonprofits the same tax credits made available to small for-profit businesses through SECURE 2.0.

Last week, the IRS issued guidance on withholding and reporting issues related to uncashed retirement plan distribution checks and replacement checks.

On Friday, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which establishes federal guardrails for digital assets pegged to the U.S. dollar, lessening restrictions for crypto to be included in 401(k) plans.

Senator Bernie Sanders’ Pensions for All Act would require employers to provide a traditional pension plan for their workers or pay into the federal retirement system to ensure they receive the same amount of retirement benefits as members of Congress.

The Guiding and Establishing National Innovation for U.S. Stablecoins Act for the first time establishes federal guardrails for stablecoin – digital assets pegged to the U.S. dollar – which lessens restrictions for crypto to be included in 401(k) plans.