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Social Security Administration Simplifies Supplemental Claims
The Social Security administration announced the results of a multi-year project to simplify processes for those with disabilities and the elderly with low or no income.
Financial Uncertainty Pushes Americans to Rethink Retirement Plans
As retirement draws nearer for millions of Americans, concerns about post-retirement finances are rising.
Parents Deprioritizing Retirement to Save for College
Additionally, more than one-third of parents reported no financial plan for meeting their broader goals.
Retirement Industry People Moves – 7/26/24
Hartford Funds adds c-suite executives; Northern Trust names head of product strategy; SEI hires executive vice president; and more.
Facing Delayed Retirement, Many Americans Wish They Had Started Saving Sooner
According to new reports from Voya and F&G Annuities & Life, most Americans wish they had started saving for retirement before they turned 25.
IRS Finalizes 10-Year Rule
Annual required minimum distributions will be required for inherited retirement assets, come 2025, with some needing to be fully withdrawn within 10 years.
Financial Literacy’s Connection to Growing the Adviser Industry
Lenox Advisors leaders say cultivating new talent for the financial sector starts with getting young people engaged with finances in their own lives.
Younger Generations Seek Out Advisers Earlier
Demand for financial advice is at an all-time high, Northwestern Mutual reports.
Gen X, With Retirement “Around the Corner,” Not Confident in Income Replacement
Three distinct reports agree Gen X needs financial guidance via the workplace—with participants valuing transparency and honest dealing.
Voya Financial and SecureSave to Offer Emergency Savings Program to Workplace Clients
The tool is available out-of-plan to Voya’s Workplace Solutions clients.
Plan Sponsors Increasingly Offer Financial Adviser Services
Participant demand for adviser services is driving demand, according to MFS.
529 Assets Are Growing, But Education Still Needed
529 assets are increasing, but education is needed for plan sponsors and participants to understand their full benefits.
Recent College Graduates See Finance as Top Career Prospect
Young adults are also more optimistic in career prospects compared to prior years; separately, CFP marked a milestone of 100,000 people reaching certification as financial professionals.
‘Sandwich Generation’ Caregiving Crimps Retirement Planning
Financial strains are holding back this generation of caregivers, but workplace benefit providers tout potential for employers to help with customized planning.
Retirement Plan Tax Credits for the Smallest Employers Gain Traction in Congress
The RISE Act would raise credits for micro-businesses with less than ten employees.
Addressing Changing Attitudes Toward Retirement Planning
Today’s savers are preparing for retirement differently from their parents and grandparents, Nationwide finds.
Advisers Giving Back: Lisa Buffington
This plan adviser encourages peers to join her in teaching financial education and know-how to students of all backgrounds and interest areas.
2024 RPAY – Domenic DiPiero, Newport Capital Group
Business at a Glance as of 12/31/23 Location: Red Bank, New Jersey How many plan assets do you have under advisement? $16.2B What is your median plan size...
2024 RPAY – Jim Detterick, Morgan Stanley Graystone Consulting
Business at a Glance as of 12/31/23 Location: New York, New York How many plan assets do you have under advisement? $27.8B What is your median plan size...
‘Retirement Fluency’ Not Evolving
Americans’ understanding of retirement-related topics has remained relatively flat since 2017, according to an annual study conducted by TIAA and financial literacy center GFLEC.