Roughly 86% of last year's net inflows went into collective investment trusts, which now hold 45% of total TDF assets.
Vania May Bell is former chief compliance officer of Executive Compensation Planners Inc., where her father was president.
Supporters of the legislation, which would raise the RMD age to 75, are pushing for Senate action to get a final bill to President Biden later this year.
The measure would be another piece of Senate legislation that complements the SECURE 2.0 bill poised for House approval.
The company's asset management unit already supervises a total of $350 billion in assets in defined-benefit and defined-contribution accounts and will utilize the acquisition to provide new digital tools to customers.
The proposal, which goes after households worth at least $100 million, enters unprecedented territory by trying to tax unrealized gains.
The insurer's life and retirement arm, which has $411 billion in client assets, will be renamed Corebridge Financial once it goes public.
The giant fund manager will oversee liquid fixed-income and private placement assets for the insurance company.
As of January, there were 33 million health savings accounts, according a Devenir study.
The bipartisan letter asks the Government Accountability Office to examine current protections in defined-contribution plans.
The big surprise was the IRS' announcement that if an account holder dies after their required beginning date, required minimum distributions would be required for years one through nine.
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
When the pandemic pushed millions of older Americans out of the labor force, it also should have spawned a surge in Social Security applications — but it hasn’t.
More than half of investors expect inflation to increase this year, and 61% think the combination of low rates and rising price pressures will make it tougher to create a retirement income stream.
The shift from having taxes withheld to making estimated tax payments can be challenging for people entering retirement.
The Wealth platform is designed to help clients better manage their legacies by creating plans online through a combination of proprietary legal documents and encrypted digital vaults.
Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.
The tool will help participants in the firm's SmartRetirement funds withdraw a portion of the money they have invested each year after they retire.
One important aspect of retirement planning that hasn’t changed — and is likely never to change — is the need for advisers to be forthright with their clients, especially about matters relating to longevity and income adequacy.
Many middle-aged Americans are bringing up their children while caring for aging parents, and placing their own retirement needs on the back burner.
