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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.
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 ...
Earlier this week, Sen. Joe Manchin (D-W.Va.) and 15 Republican senators introduced a resolution to overturn the retirement rule, arguing that it would cause people to “lose access to investment ...
The new retirement rules, part of the $1.7 trillion funding bill President Joe Biden is set to sign into law, will make so-called 401(k) hardship withdrawals easier. This comes amid a record-high
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 ...
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 ...
The Biden administration is proposing a new rule Tuesday aimed at closing loopholes that create added costs around retirement investment advice. ... assets from a 401(k) plan into an Individual ...
Updated December 25, 2022 at 1:03 PM. 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 ...