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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 ...
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 standard monthly Part B rate is rising from $164.90 to $174.70, snipping about $10 a month off the COLA gain. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024 ...
The SECURE Act incentivizes employers to create 401 (k) plans and to expand access to their existing plans to more workers. One provision allows unrelated small employers to join together to establish a shared 401 (k) plan known as a Multiple Employer Plan (MEP). This allows small businesses to pool resources and mitigate the administrative ...
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 ...
The Biden administration supported the For the People Act (also known as HR 1) which seeks to expand voting rights, reduce the influence of money in politics, limit partisan gerrymandering, and create new ethics rules for federal officeholders. The bill was passed by the House on March 3, 2021, and is currently in the Senate.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry ...