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Right now, those offering one-time financial advice aren't considered fiduciaries, nor does the law require a fiduciary standard for those providing advice to workplace plan sponsors about 401(k ...
Roughly 35% of Americans consult with a financial advisor, according to data cited by Financial Strategists. However, some unscrupulous financial advisers are chipping away at people's retirement...
That’s a big deal given Americans rolled over almost $800 billion from 401(k)s and other employer plans into IRAs in 2022, the White House said when it introduced the rule in October 2023. A ...
Expands automatic enrollment for certain retirement plans [9] Creates a "saver's match", a federal tax credit which can be claimed by a taxpayer for contributing to an employer retirement plan; Increases age at which required minimum distributions start; Indexes catch-up contributions to inflation
(Reuters) -The U.S. Biden administration on Tuesday sought to impose new rules on retirement plan providers to close loopholes that officials argue allow the industry to sell products that boost ...
Retirement legislation President Biden inked in December pushes the age that retirees must start taking required minimum distributions, or RMDs, from IRAs, 401(k)s, and 403(b) plans, to 73 this ...
What they have long wanted to tap is more than $12 trillion currently housed in defined-contribution plans that workers rely on for their retirement nest eggs, such as 401(k)s. The Biden ...
The Senate passed a measure Wednesday to block retirement account managers from considering environmental, social and corporate governance principles when evaluating 401(k)s. Congress sends Biden ...