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On March 29, the House of Representatives voted 414-5 in favor of the Securing a Strong Retirement Act of 2022. If passed by the Senate, and then signed into law by President Joe Biden, the act ...
In fact, it could help workers keep as much as $5 billion of their own money each year related to one insurance product alone, according to the Council of Economic Advisers. Called the fiduciary ...
At the same time, the stock markets have touched all-time highs in 2024, which boosts 401(k)s and other retirement savings plans heavily tied to stocks. Should Biden win re-election this year ...
In his fiscal year 2024 budget proposal, Biden took aim at retirement accounts for middle-to-higher earners. A second Biden presidency could therefore impact many Americans’ IRAs, 401(k)s and ...
Loaded 0%. Nestled inside the $1.7 trillion government spending bill, which has passed Congress and is headed to President Biden's desk for a signature, is a suite of significant reforms to the ...
While the SECURE Act 2.0 made strides to help Americans save for a more secure retirement, the Insured Retirement Institute (IRI) has called for further action. In a letter written on July 12, the ...
Advice to plan sponsors about which investments to make available as options in 401(k)s and other employer-sponsored plans: Currently, there is no requirement that the investment products made ...
That was the same year that Individual Retirement Accounts were created and six years before the first 401(k) plan was implemented — so as Biden pointed out: “Things are different now, but the ...