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Social Security—often cited as a “third rail”—has been a staple of the retirement landscape for almost 90 years. But that doesn't mean that it’s free of misconceptions. A recent commentary highlights some to avoid.  In “5 Social Security Myths Debunked,” Fidelity points out some common assumptions... READ MORE
Retirement plans and benefits still are among the matters the IRS plans to address in upcoming guidance. They still are included in the IRS 2022-2023 priority guidance plan; the IRS issued a fourth quarter update to the plan on Aug. 21.  The IRS had released the initial plan on Nov. 4, 2022,... READ MORE
An apparent electronic glitch with a regulatory filing system is causing confusion. More specifically, the American Retirement Association (ARA) is hearing from many members regarding erroneous 2022 8955-SSA late filing notices.  It appears that several plan sponsors for whom complete Form 8955-... READ MORE
Brace yourself for shocking news: Summer is hot. But this year, at least, that’s not limited to thermometers—pension risk transfers (PRTs) have heated up, according to recent reports.  Highest Ever for Q2 PRTs in the United States in the second quarter of 2023 were the highest for any second... READ MORE
The typically hot inland areas of the Golden State may have been torrid this summer, but one thing at least has been cooling: CalSavers employer registrations and contribution levels.  Registrations had been steadily growing since 2019. But employer registrations dropped from May 31, 2023 to June... READ MORE
Compounding the problem of low financial literacy is “low longevity literacy,” or a lack of understanding of how long people tend to live in retirement. According to new research from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has been operating appropriately and within the law in actions under the American Rescue Plan of 2021 (ARPA) regarding special financial assistance (SFA) payments, says the GAO in a recent analysis. The GAO performed the analysis in response to a... READ MORE
Tom Finnegan, the first American Retirement Association President, has passed away. A dear friend and colleague to many in the organization and the industry, he also served as president of both ASPPA and the ASPPA College of Pension Actuaries (ACOPA), now the American Society of Enrolled Actuaries... READ MORE
Recent research from the Investment Company Institute (ICI) sought to answer two critical questions on which retirement policy is often based—how do the amount and compositions of spendable income for individuals change from middle to old age? “There are constant proposals to overhaul Social... READ MORE
A new WSJ op-ed says that 401(k)s “too often lead employees to make financially harmful mistakes.”  The “problem”—at least according to the op-ed authors is that, left to their own devices participants are said to be inclined to overindulge in bad investment choices; choices they claim are the... READ MORE