Legislation would require companies to explain to employees the benefits of taking their pension benefits as a one-time lump-sum payout versus collecting a regular income stream in retirement.
The FPA of Florida spent years promoting a personal finance requirement in the state's high schools. The effort came to fruition when it was least expected.
Offering crypto investments through workplace plans will make digital assets more accessible, but the option needs to be right for the investor.
The state imposes an annual $400 levy, the so-called privilege tax, on members of certain professions who do business in the state.
The regulatory notice is another example of Finra's increased scrutiny of complex products.
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
Many planners support the strategic intiatives, such as an awareness campaign and diversity effort, the higher fee will fund. Others caution the more expensive mark could cause some pain.
Only small fractions of workers took withdrawals from or stopped contributing to their company plans last year, according to an Investment Company Institute study.
Some hopeful first-time buyers may have to downsize their dream home with 30-year mortgage rates at their highest level since 2011.
The SEC's growing political rift reflects Washington's widening partisanship and threatens to diminish the agency's stature.
