IRAs

In a blog post on the fiduciary regulation, Fred Reish examines the components of a “best interest” process.The first step of a best interest, or prudent process, is to determine the information that is “relevant” to making a decision that is “informed.” In other words, Reish explains, what would a... READ MORE

Concerns about retirement and health care loom large for American workers and the U.S. Senate is reportedly close to its version of a health care reform bill. We need your help ASAP to tell Congress to make it easier for workers to manage their health and retirement savings.What’s the Issue?The tax... READ MORE

There’s been a lot of rumbling on and around Capitol Hill about a potential shift to Roth contributions for 401(k) plans as part of tax reform. So, how might that weigh on — or boost — retirement savings?While the ultimate answer depends on a huge (and as yet) unknown variable — how workers would... READ MORE

Having moved to unwind the Obama administration’s safe harbor exempting municipalities’ auto-IRA programs from ERISA, it now looks as though the state-run program version will meet the same fate.On May 3 the Senate passed H.J.Res. 66 by a vote of 50-49, echoing action taken by the House of... READ MORE

Colorado’s proposal to create a state-sponsored retirement savings program for private-sector workers fell short in a vote in the state Senate on April 26.The vote to postpone consideration of the measure indefinitely fell along party lines in the GOP-led Senate Committee on State, Veterans, &... READ MORE

Much of the preparation for the Labor Department’s fiduciary regulation has involved a focus on rollover advice — but it now looks like the Securities and Exchange Commission (SEC) is gearing up a larger focus as well.A new blog post from noted ERISA attorney Fred Reish reminds that the SEC’s... READ MORE

The Department of Labor’s (DOL) fiduciary rule, as well as other regulations and laws that affect and govern retirement plans, were part of the discussion at the U.S. Chamber of Commerce meeting on Feb. 3.“The Shifting Paradigm of Retirement,” a morning program in which speakers from the federal... READ MORE

A supplement and “jump start” — that was how a Treasury official characterized myRAs, the retirement program the federal government implemented in November 2015. The federal government has been making myRAs available for just over a year.In a Jan. 10 webcast, “Saving at Tax Time with myRA,” Carol... READ MORE

A new survey finds that Americans are feeling better about their financial situation — though that may be dampening their enthusiasm for good financial resolutions.According to Fidelity Investments’ eighth annual New Year Financial Resolutions Study, 45% say they are in a better financial situation... READ MORE