Retirement Planning

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Quitting work is great, but don't forget about saving
RETIREMENT RETIREMENT PLANNING JAN 31, 2022
Quitting work is great, but don't forget about saving

The Great Resignation continues to produce record quit rates, which makes it a good time to think about 401(k)s and other job benefits.

Georgia court refuses to dismiss 401(k) suit, citing SCOTUS Northwestern decision
RETIREMENT RETIREMENT PLANNING JAN 31, 2022
Georgia court refuses to dismiss 401(k) suit, citing SCOTUS Northwestern decision

The case filed against the Columbus Regional Health System cited breaches similar to those alleged in the Northwestern case, such as offering retail share classes of mutual funds instead of lower-cost institutional shares.

Firm spices up Bitcoin IRA option with in-app game
RETIREMENT RETIREMENT PLANNING JAN 28, 2022
Firm spices up Bitcoin IRA option with in-app game

Choice is adding a Price-Is-Right-style game that rewards account holders with small amounts of Bitcoin that are added to their retirement savings.

Franklin Templeton picks Ascensus for its managed account offering
RETIREMENT RETIREMENT PLANNING JAN 28, 2022
Franklin Templeton picks Ascensus for its managed account offering

Fund firm will use tools to increase personalization of its retirement accounts.

Reassessing the 2022 Medicare premium hike
RETIREMENT RETIREMENT PLANNING JAN 27, 2022
Reassessing the 2022 Medicare premium hike

Advocates are urging the feds to lower the record hike in the Part B monthly premium for 2022 now that the price of a new Alzheimer's drug has been halved and its use is under review.

More DC plan lawsuits and settlements, from several litigators
RETIREMENT RETIREMENT PLANNING JAN 26, 2022
More DC plan lawsuits and settlements, from several litigators

Law firms Miller Shah and Capozzi Adler have been busy filing cases against retirement plan sponsors, and that's been paying off for them.

Sudden market volatility has advisers preaching calm to newer investors
RETIREMENT RIAS JAN 26, 2022
Sudden market volatility has advisers preaching calm to newer investors

As the next generation of investors comes on board, advisers are repeating the age-old mantra about not panicking in response to market swings.

Legislation could cut retirement savings gap by 25% or more: EBRI
RETIREMENT RETIREMENT PLANNING JAN 25, 2022
Legislation could cut retirement savings gap by 25% or more: EBRI

The analysis found that a federal auto-IRA, improved Saver's Credit and other proposed changes would have a substantial impact on retirement preparedness.

What inflation could mean for annuities
RETIREMENT RETIREMENT PLANNING JAN 24, 2022
What inflation could mean for annuities

Many people are likely wondering how heightened inflation will affect their retirement goals, including the role of insurance products they already own or are considering.

SCOTUS vacates Northwestern rulings
RETIREMENT RETIREMENT PLANNING JAN 24, 2022
SCOTUS vacates Northwestern rulings

In a decision that's almost certainly unwelcome news for retirement plan sponsors, the Supreme Court said lower courts paid too much attention to whether the university's inclusion of some low-cost options in its plans is sufficient to show fiduciaries abided by their duties.

Wealthspire kicks off rebranding efforts in wealth management build-out
RETIREMENT RIAS JAN 24, 2022
Wealthspire kicks off rebranding efforts in wealth management build-out

Lenox Wealth Advisors became Wealthspire over the weekend, with Private Capital Group and Private Ocean the next firms under NFP's umbrella to see name changes.

TriNet switches 401(k) plan to Empower
RETIREMENT RETIREMENT PLANNING JAN 24, 2022
TriNet switches 401(k) plan to Empower

The move will allow TriNet to provide more website capabilities and additional call center hours to plan participants.

To rethink our retirement ‘system,’ go Down Under
RETIREMENT RETIREMENT PLANNING JAN 24, 2022
To rethink our retirement ‘system,’ go Down Under

While American policymakers tend to ignore the approaches of other nations, looking at the Australian experience might make sense.

TIAA offers annuity to corporate retirement plans
RETIREMENT RETIREMENT PLANNING JAN 21, 2022
TIAA offers annuity to corporate retirement plans

The deferred fixed annuity is designed to be used as an allocation within managed accounts or custom target-date model portfolios in 401(k)s.

NFP taps two as co-presidents in Northeast
RETIREMENT RETIREMENT PLANNING JAN 20, 2022
NFP taps two as co-presidents in Northeast

Kate Henry and Mike Walsh will lead the region for the insurance broker.

Verity launches tool for 403(b) market
RETIREMENT RETIREMENT PLANNING JAN 20, 2022
Verity launches tool for 403(b) market

Vynntana allows for collaboration among stakeholders.

Social Security Administration and unions reach pact on reopening
RETIREMENT RETIREMENT PLANNING JAN 20, 2022
Social Security Administration and unions reach pact on reopening

Social Security's 1,200 field offices have been closed since March 2020 in response to the pandemic.

Medicare do-over season
RETIREMENT RETIREMENT PLANNING JAN 20, 2022
Medicare do-over season

Those who missed enrolling in the program when they were first eligible get a second chance during Medicare's general enrollment period, which runs from Jan. 1 through March 31 each year.

Pandemic likely to have lasting effect on workplace benefits, survey shows
RETIREMENT RETIREMENT PLANNING JAN 19, 2022
Pandemic likely to have lasting effect on workplace benefits, survey shows

A third of people say they would quit rather than have to return to an office, a recent survey found.

After record 2021, Captrust is focused on wealth management deals
RETIREMENT RIAS JAN 19, 2022
After record 2021, Captrust is focused on wealth management deals

Eight of the 11 acquisitions Captrust did last year involved wealth management firms, a trend that Rush Benton says will continue.