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The new rule is intended to align with the Biden administration’s recent efforts to protect retirement investors. The proposal would require investment advisers to adhere to “high standards of ...
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...
Biden administration’s ‘commonsense’ retirement rule could save workers $5 billion a year. Alicia Adamczyk. April 24, 2024 at 3:14 PM. Getty Images.
Biden has proposed a 4-point plan to boost the program that would mostly impact high earners and company executives, who tend to have much bigger retirement savings accounts than the typical ...
President Biden promotes his Build Back Better Plan at Germanna Community College, Virginia, on February 10, 2022. The Build Back Better Plan or Build Back Better agenda was a legislative framework proposed by U.S. president Joe Biden between 2020 and 2021. Generally viewed as ambitious in size and scope, it sought the largest nationwide public ...
The Department of Labor’s proposal will close governance loopholes and require financial advisors to give retirement advice in the best interests of savers rather than chasing the highest payday.
Those who support Biden cite his proposals to protect Social Security benefits. But critics say the president has harmed private retirement savings plans through bad economic policy and excessive ...
The Internal Revenue Service announced record-high maximum annual contributions to 401 (k) and similar retirement accounts for 2023. Workers who have a 401 (k), 403 (b), most 457 plans, and the ...