Retirement Planning: Advice Rule Revisited
It looks as though the Department of Labor's (DOL) investment advice regulation is in for some changes. The new Administration has asked the DOL to...
The Obama Budget: The Effect on College Savings Programs
Tax credits, grants, and a Federal takeover of student loans are on their way or proposed
A Congressional Pledge to Preserve 401(k)s, Despite Their Flaws
Congress begins hearings on how to fix 401(k), other retirement vehicles; hears from Bogle, Alicia Munnell
Rep. Miller pegs 401(k)s as high stakes crap shoot
In the first of a series of hearings exploring the shortcomings of the nation's retirement system, House Education and Labor Committee Chairman Rep. George Miller,...
Labor Department's new ruling on employee access to retirement advice faces debate
The U.S. Department of Labor's new rule allowing employees in 401(k) type plans and individual retirement accounts (IRAs) more accessibility to investment advice from employer-sponsored...
Nationwide Plan Gets Ahead of Fee Disclosure Curve
Columbus, Ohio-based Nationwide Retirement, a provider of retirement plans, is getting ahead of both regulation and legislation calling for increased fee disclosure in retirement plans with the release of its new 401(k) plan, Clear Advantage.
NEWS & PRODUCTS, DECEMBER 2007
There's an "excellent chance" that the Department of Labor (DOL) will finalize its three initiatives dealing with 401(k) fee disclosures before Congress can pass a...
Let the Sun Shine In
On May 10, 2007, the House of Representatives overwhelmingly passed the Student Loan Sunshine Act, H.R.890, to ban gifts and payments by student loan companies to universities. Representative George Miller (D-California), who leads the House education committee, joined Representative Howard McKeon (R-California) in co-drafting the legislation, exhibiting a bipartisan determination...
Congressman Pledges to Get 401(k) Plan Participants "The Best Bang for Their Buck"
"If you earn your income from a paycheck, chances are that one of the things you are concerned with is trying to put away enough money for your golden years," said Rep. George Miller (D-CA), the House Education and Labor Committee chairman, in his opening statement in a committee meeting...
New Legislation May Lower Student Loan Interest Rates
The College Student Relief Act of 2007 (HR 5), introduced by Rep. George Miller (D-California) with 211 cosponsors, would modify the Higher Education Act of 1965 by cutting in half the fixed interest rates on need-based Stafford loans for undergraduates over a five-year period. The bill passed the House on...