Why Short-Term Financial Stress Hurts Long-Term Savings
A T. Rowe Price retirement expert finds participants who take multiple short-term loans end up with less retirement savings—furthering the case for emergency savings.
DOL Says to Expect Fiduciary Proposal in August
The new rule would seek to redefine when investment advisers for plans and IRAs are 3(21) fiduciaries.
How Emergency Savings Serves Low-Income Households
BlackRock research shows that emergency savings balances helped low-income households keep more money in their retirement savings accounts during the COVID-19 pandemic.
Advisers Can Help Educate on Emergency Savings, Student Loan Debt Matching
Half of employers plan to add emergency savings and student loan debt matching via SECURE 2.0, according to MFS Investment Management.
As SECURE 2.0 Changes Loom, Plan Sponsors Need Prep, Advice
SECURE 2.0 gives advisers ample opportunity to connect with plan sponsors to ensure they are ready for both mandatory and optional plan changes.
Expanding the Adviser Remit
What Participants Need
New Plans Will Need Engaged Advisers for Success in SECURE 2.0 Era
SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANADVISER webinar.
Experts Predict Major Growth in Retirement Coverage, Benefits
By year-end 2026, 88% of employers are projected to provide a defined contribution plan, according to new report from Transamerica.
The Financial Wellness Side of SECURE 2.0
Experts at a PLANADVISER webinar discuss how SECURE can push forward more than just retirement savings.
How to Guide Retirement Savers in 2023
Advisers and plan sponsors should encourage savers to focus on opportunities from the Secure 2.0 Act and on building up an emergency reserve, according to J.P. Morgan experts.
Employers Working to Address Growing Concerns for Emergency Saving
HR leaders are struggling to manage the array of employee stressors related to a lack of emergency funds.
Most Advisers Seeking Options Like HSAs, 529s to Compete for New Plans
Advisers are most interested in adding HSAs, 529s and emergency savings accounts to their offerings, according to a survey by small plan provider Vestwell.
Delta Taps Fidelity to Run New Emergency Savings Program
Starting in January, Delta will give eligible employees up to $1,000 toward an emergency savings account if they complete a financial education program.
Implementing SECURE’s Emergency Savings Provisions
Emergency savings options within retirement plans will finally be possible in 2024. But implementing them will require work that might delay their use even more, according to experts.
SECURE 2.0 Passes Senate as Industry Overwhelmingly Hopes for House Passage
The bill, which is awaiting House vote, contains the most popular provisions while also giving time for actors to come into compliance.
SECURE 2.0 Bill Contains Popular and Widely Anticipated Retirement Reforms
Legislation now needs Congressional approval, along with the budget, and the president’s signature this week.
Expert Consensus: SECURE 2.0 May or May Not Pass
Passage of the final bill depends on whether Congress can pass an annual budget.
A Closer Look at the Emergency Savings Provisions in SECURE 2.0
Research shows ESAs can increase investment in retirement savings accounts, but Senate bills involved in SECURE 2.0 package contain different kinds of emergency savings provisions.
