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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 ...
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 ...
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 ...
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 investment in social, infrastructural, and environmental programs since the 1930s Great Depression -era policies ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden's Build Back Better Plan.It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that included provisions related to climate change and social policy.
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 ...
Biden's COVID-19 stimulus package, the American Rescue Plan, originally included raising the minimum wage to $15 per hour, but this was later removed after moderate Senate Democrats and Republicans objected to the proposal. A CBO study in 2019 estimated that raising the minimum wage to $15 by 2025 would increase wages for 17 million directly in ...