Tax Working Groups Submit Reports to Senate Finance
The Senate Finance Committee's five bipartisan tax writing working groups submitted their reports Wednesday to the committee’s leaders on ways to reform the tax code.
When an IRA Rollover Is a Bad Idea
“Advisors better have good reason to roll over the 401(k) other than to generate fees and commissions for themselves,” advisor Scott Hanson said.
Older Americans Supporting Younger Generation, Not Vice Versa: EBRI
An overwhelming generational transfer of money is flowing from older adults to their younger adult relatives, EBRI found.
Auto-IRAs Not Necessarily an Auto-Solution
The retirement problem won't be solved by auto-IRAs, but they could help younger workers, EBRI says.
Don Trone: Father of Fiduciary—The 2015 IA 35 for 35
In the driver’s seat of the fiduciary movement for nearly 30 years, Trone’s not a fan of regulators’ attempt to redefine what fiduciary means.
Many Older Americans Die With Little Money
Singles and people who died relatively young were the most likely to die with no assets, according to an EBRI study.
Retirement Confidence Continues to Rise: EBRI
Whether or not Americans have a retirement savings plan is a key factor in their outlook about having an affordable retirement.
US Facing $4 Trillion Retirement Shortfall, EBRI says
For early baby boomers on the verge of retirement, the savings deficit for married households is $19,304 per individual.
Obama Budget’s Retirement Savings Cap Targets Wealthy
The retirement savings cap is a relatively small gambit in the budget’s larger effort to raise revenues but is seen as an attack.
Debt Rising Among Older Americans: EBRI
People over 55 owe more money, and they owe enough to make it a problem.