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The Georgia Senate may create a committee to study the creation of Peach State Saves, a retirement saving program.
Senate Finance Committee Chairman Sen. Chuck Hufstetler (R-Rome) on March 20 introduced in the state senate SR 807, a resolution that would create the Senate Peach State Saves...
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As the Department of Labor works in court to defend its rule allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments, legislation to restrict the use of ESG has been reintroduced in Congress, albeit with modifications.
Rep. Greg...
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How was your March 15? How is your April 15 going? Are you looking forward to a break in deadlines as the weather gets nicer? My answers are wild, even wilder, and most definitely.
When we last left off, I wrote about the then-upcoming ASEA Actuarial Insights (virtual) Conference. I attended said...
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I’m grateful to have this opportunity to share a bit about the ASEA leadership in 2024 and our goals for the year.
The leadership consists of Angie Vadnais and David Kupstas as President and Executive Vice President, respectively. These folks should be household names within actuarial circles....
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Born out of the shared desire to mentor aspiring enrolled actuaries (EAs), ASEA launched the ASEA Academy earlier this month.
The ASEA Academy was the brainchild of ASEA members interested in mentoring actuarial students, supporting them in exam prep, and hopefully one day welcoming them to the...
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The New York State Bar Association (NYSBA) is advocating for passage of a law that would make it more likely that the pension of a public employee continues to pay out until the surviving spouse dies.
The association’s House of Delegates on Jan. 19 approved a recommendation from its Trusts and...
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A new report by a collaborative of industry stakeholders suggests that low-cost, plan-design solutions to nudge participants to avoid early withdrawals could make a significant dent in the racial and gender retirement savings gap.
The report also observes, however, that more study is needed to...
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Editor’s Note: This is Part I of a two-part series on a recent report by the Advisory Council on Employee Welfare and Pension Benefit Plans to Acting Secretary of Labor Julie Su.
Recordkeeping today is not your grandfather’s recordkeeping. Maybe not even your older sibling’s. So guidance and...
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If ever there were any doubts about the benefits of having a formal financial plan to help prepare for retirement, a new study by T. Rowe Price puts that to rest.
According to the firm’s report, individuals with a formal financial plan were found to have two to four times more wealth when...
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An interesting—and somewhat counterintuitive—report came out last week, one that cast doubt on the “common wisdom” regarding Roth versus traditional pre-tax savings.
The assumption underlying the research[1] was that those who had not yet paid taxes on their savings (the traditional pre-tax...
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