Advisor Sales Strategies

The “magic number” is $200,000 less than the $1.46 million reported last year, however, 25% say they have just one year or less of their current annual income put aside for retirement, according to Northwestern Mutual.

Rolling out a financial wellness program is necessary now more than ever, particularly for younger workers as well as near-retirees.

This week, New Jersey became the last state to get on board with the National Association of Insurance Commissioners new rule, after agents and brokers grew wary of the DOL’s efforts to bring annuity sales under a fiduciary umbrella with its latest fiduciary rule.

The Labor Department’s rule that allows environmental, social and governance factors to be considered when choosing investments for retirement plans has been challenged since it took effect in 2023, but now the DOL has asked the appeals court to suspend proceedings.

While the official IRS announcement will come later this year, the contribution limit for retirement accounts will likely increase from $23,500 to $24,500 in 2026, according to a new Milliman report.

The index was designed to spark a national conversation, shine a light on the areas where Americans are falling short, and provide a roadmap for workers and employers to take action, according to IRALOGIX.

The Protecting Employees and Retirees in Business Bankruptcies Act “would ensure that all employees, not just C-suite executives, receive the benefits they were promised,” said Senator Dick Durbin.

In his first speech since leaving the presidency, Joe Biden spoke last night of Trump’s “damage and destruction” to the Social Security Administration, while the White House announced yesterday that Trump will always protect Social Security benefits.