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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.
May 23, 2024 at 8:40 AM. Pool via CNP / Shutterstock.com. On April 23, the Department of Labor announced it had finalized its Retirement Security rule to “protect the millions of workers who are ...
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 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
Sen. Joe Manchin (D-W.Va.) and a group of Republican senators are also seeking to overturn the rule, suggesting in a May 15 statement it would cause Americans to “lose access to investment ...
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 ...
The proposal would also seek to address a loophole around advisers providing guidance on rolling over assets from a 401(k) plan into an Individual Retirement Plan, the White House said.