Retirement

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McKinsey settles 401(k) suit for $39.5 million
RETIREMENT PLANNING AUG 13, 2020
McKinsey settles 401(k) suit for $39.5 million

Huntington Bancshares also settles a retirement plan lawsuit, while American Airlines sees a surprise win

Workers need more help with retirement plans: Report
RETIREMENT PLANNING AUG 12, 2020
Workers need more help with retirement plans: Report

401(k) providers improved service overall this year — but not when it comes to communicating about COVID-19, according to Cogent

Pandemic behind 401(k) sales slump, client retention bump
RETIREMENT PLANNING AUG 12, 2020
Pandemic behind 401(k) sales slump, client retention bump

Plan sponsors were slow to change record keepers during the second quarter and some even waived fees, according to Principal Financial Group

Clients need 'life guides' for retirement — not just investment advice
RETIREMENT PLANNING AUG 11, 2020
Clients need 'life guides' for retirement — not just investment advice

A long, successful retirement includes purpose, family, health, and of course, money, according to panelists at the InvestmentNews Retirement Income Summit

Retirement account balances bounce back in Q2
RETIREMENT PLANNING AUG 11, 2020
Retirement account balances bounce back in Q2

The rise reflects the stock market's rebound and investors' continued contributions to their accounts, according to a Fidelity report

Trump says he's considering capital gains tax cut
REGULATION AND LEGISLATION AUG 11, 2020
Trump says he's considering capital gains tax cut

The president could issue an executive order that indexes capital gains to inflation, which would cut investors' tax bills

Annuities and the 'great retirement reset'
RETIREMENT PLANNING AUG 10, 2020
Annuities and the 'great retirement reset'

As COVID-19 has interrupted the retirement plans of millions, these products can play a role in their planning going forward, insurance execs said at the Retirement Income Summit

Maine legislators on brink of voting for state IRAs
RETIREMENT PLANNING AUG 10, 2020
Maine legislators on brink of voting for state IRAs

A state Senate committee recommends passing the pending bill

IRS gives businesses a break for donations related to SALT cap
REGULATION AND LEGISLATION AUG 10, 2020
IRS gives businesses a break for donations related to SALT cap

Businesses that donate to charities in exchange for a state tax credit can deduct those costs from their federal taxes, according to new regulation

Trump’s payroll tax deferral raises red flags on Social Security
REGULATION AND LEGISLATION AUG 10, 2020
Trump’s payroll tax deferral raises red flags on Social Security

The president is relying on an expansive and controversial reading of executive power that likely will face legal challenges

Pass it along
RETIREMENT PLANNING AUG 09, 2020
Pass it along

Wealth transfer isn’t just for the well-heeled anymore as business owners and families of wide-ranging income levels embrace the latest strategies to keep intergenerational assets in the family — and out of the hands of the IRS

INmail: Signing up for Medicare nixes HSA contributions
RETIREMENT PLANNING AUG 08, 2020
INmail: Signing up for Medicare nixes HSA contributions

If clients turn 65, and are still working and covered by an employer’s group health insurance plan, should they sign up for Medicare Part A?

Evidence emerges of COVID-19’s impact on forced retirement
RETIREMENT PLANNING AUG 07, 2020
Evidence emerges of COVID-19’s impact on forced retirement

Unplanned retirement in the current crisis is higher than during the Great Recession, with women and people of color disproportionately affected, a report finds

DOL denies requests to extend comment deadline on advice proposal
RETIREMENT PLANNING AUG 06, 2020
DOL denies requests to extend comment deadline on advice proposal

Sen. Murray says agency is ‘charging ahead recklessly’ and could cost retirement savers billions

Duo managing $200 million at Northwestern Mutual go indie with LPL
BROKER DEALERS AUG 06, 2020
Duo managing $200 million at Northwestern Mutual go indie with LPL

Scott Dudley and David McQuade form Stirling Financial Group in San Diego

Retirement worries keep rising: Reports
RETIREMENT PLANNING AUG 05, 2020
Retirement worries keep rising: Reports

There will be long-term financial fallout for some workers, and plan sponsors and advisers should be talking with them

Secure Act’s pooled employer plans a dramatic change for 401(k)s
RETIREMENT PLANNING AUG 05, 2020
Secure Act’s pooled employer plans a dramatic change for 401(k)s

The COVID-19 crisis will make some employers more open to PEPs, but the recent hit to the economy could mean slow uptake for those plans

Trade association pushes retirement savings provisions for next COVID relief bill
RETIREMENT PLANNING AUG 04, 2020
Trade association pushes retirement savings provisions for next COVID relief bill

The Insured Retirement Institute calls for raising RMD age, allowing catch-up retirement contributions

Princeton settles DC lawsuit for $5.8 million
RETIREMENT PLANNING AUG 04, 2020
Princeton settles DC lawsuit for $5.8 million

Plaintiffs in the class-action case alleged the school's retirement plans had high fees and poorly performing, restrictive investment options

Retirees fare better than pre-retirees during pandemic
RETIREMENT PLANNING AUG 04, 2020
Retirees fare better than pre-retirees during pandemic

Millions of older Americans are providing financial support to adult children