Retirement

Senate Republicans introduced a series of bills called the "Lowering Education Costs and Debt Act," which they say "attacks the root cause of skyrocketing debt," ahead of the high court's ruling on Biden's student debt forgiveness.

The Labor Department's Spring agenda includes a proposal that would amend the regulatory definition of a fiduciary, taking into account practices of investment advisers and the expectations of plan sponsors and participants.

Less than two-thirds of Americans are financially literate, which is why employers need to go beyond retirement education and give employees the resources needed to help them feel more financially stable, says a new poll.

Almost half (46%) of workers said they need to save $1 million or more by retirement, yet 40% of workers and 58% of retirees said their retirement account balances have decreased over the past 12 months, says a new survey.

If plan features are preventing many retirees from preserving their retirement assets, adding versatile decumulation options, such as installment services and ad-hoc withdrawals, can provide them with an array of options.

The new legislation will remove barriers for many small businesses, however, some are reporting they don't have the bandwidth or resources to deal with these benefit issues, according to a Fidelity report.