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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 ...
Morningstar, Inc. estimates that participants in workplace retirement plans could save as much as $55 billion in the coming ten years thanks to the Retirement Security Rule.
President Joe Biden released his proposed $7.3 trillion budget for fiscal year 2025 on March 11, which includes a slew of changes it wants to bring to Social Security in order to "protect and...
Executive Order 14067. Guaranteeing that digital assets are developed in a responsible manner. Executive Order 14067, officially titled Ensuring Responsible Development of Digital Assets, was signed on March 9, 2022, and is the 83rd executive order signed by U.S. President Joe Biden. The ultimate aim of the order is to develop digital assets in ...
On March 10, 2022, the Employee Benefits Security Administration of the U.S. Labor Department issued a compliance assistance release warning financial services companies against including cryptocurrencies in 401(k)s and other retirement plans and to use extreme caution if doing so.
The plan also includes $1 billion for better connection of neighborhoods separated by transport infrastructure. According to Biden's administration the plan should add 2 million jobs per year. In November 2021 Biden, finally, signed the Infrastructure Investment and Jobs Act wich included around $555 billion of new investments.
Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of ...
Biden's press release also mentions he supports "efforts to improve Social Security benefits" and "investments in Social Security Administration (SSA) services."