Good afternoon! We are pleased to bring you our new PLANSPONSOR/PLANADVISER Weekend newsletter format. Each week we will continue to bring you the most popular articles of the week, but now our curated content will be themed. The first Friday of the month will be Plan Design & Administration / Practice Management; second Friday, Financial Wellness & Participant Education / Investing; the third Friday of each month we will bring you articles focused on Health Care and Other Benefits / Client Service; and the fourth Friday will be focused on Defined Benefit Plans / Health Care and Other Benefits. Five Fridays in a month happen only quarterly, but that week our topic will be Investing / Retirement Income & Rollovers. We hope you enjoy this new format and know you will find it helpful and informative. Happy reading!
Establishing scholarship funds and more carefully considering the benefits of diversity in the hiring processes are just a few of the ways an increasing number of firms say they are committed to improving industry diversity.
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MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be leaving as much as half a million dollars on the table, or forfeiting $2,000 to $4,000 a month for life.
With the passage of the SECURE Act by the House of Representatives, experts tell PLANADVISER they are optimistic that agreement will be reached with the Senate during this Congress, but the many supporters of retirement reform will have to wait and see how compromise might be reached.
One retirement industry executive says she believes the Senate could act quite quickly in taking up the SECURE Act, which just passed the House of Representatives with a practically unanimous yea vote.