Bear Markets Offer Annuity Education Opportunity
The U.S. stock market has entered bear market territory after its record bull run; one silver lining is the opportunity to educate people about annuities.
Tag: SECURE Act
Washington Update: Industry Turns Attention to Portman-Cardin Bill
The president’s budget proposal may be short on retirement reforms, but members of Congress are already looking beyond the SECURE Act.
SECURE Act Update: Revisions to Model Rollover Notices
Although the landmark legislation will take years before it is fully implemented, many of the provisions are already in effect—including two that require immediate changes to the 402(f) notice given to participants to help them understand their rollover options.
SECURE Act Is No Lifetime Income Free-For-All
One analyst argues the landmark legislation’s lifetime income disclosure requirement may prove to be more influential than the annuity selection safe harbor.
SECURE Act Update: IRS Provides Required Minimum Distribution Relief
Among its many popular provisions, the SECURE Act extended the age at which one must begin making withdrawals from tax advantaged savings.
Stretch IRA’s Disappearance Demands Trust Adjustments
“There is a lot of work that some clients should do right away—it’s actually imperative to address these issues in a timely fashion,” warns Jamie Hopkins at Carson Group.
Groom Launches SECURE Act Resources Library
The SECURE Act is the most significant piece of legislation affecting the U.S. retirement system in more than a decade and will inevitably affect the majority of Americans saving for retirement, according to Groom Law Group.
What Might the SECURE Act Mean for Lifetime Income?
Giving retirement plan sponsors legal protections when they offer lifetime income products doesn’t change the fact that investors generally have low opinions of annuities.
Congress Has Passed the SECURE Act
The Senate voted Thursday to approve appropriations legislation that has subsumed the SECURE Act, after the House approved the same measure on Tuesday.
Industry Enthusiasm, Questions About SECURE Act Timeline
In the near term, some of the more modest provisions of the SECURE Act will probably be the most influential, sources agree, but over time the industry impact could be profound.
Congress Finds Resolution to SECURE Act Deadlock in Spending Bill Passed By House
Retirement plan industry stakeholders had hoped the popular and bipartisan SECURE Act would be tied into must-pass spending legislation before year’s end, and that now appears to be the case.
Aon and ABC: It’s Time to Improve Retirement Outcomes, Now
We urge Congress to enact the SECURE Act now. Such action will be transformational for the retirement ecosystem, helping to secure the financial future for American workers at employers of all sizes and across all sectors.
Corporate America Pushes for SECURE Act Passage
It’s not just the financial services industry pushing for passage of the Setting Every Community Up for Retirement Enhancement Act; chambers of commerce, consumer advocacy groups and major U.S. corporations are also voicing support.
Odds of SECURE Act Passage This Year Pinned at ‘Less Than 50-50’
While parties on both sides of the political spectrum are pushing for passage of the SECURE Act, one Washington insider who helped implement the Pension Protection Act says the odds of passage this year aren’t exactly great.
Will GOP Senators’ Letter Win Floor Time for Popular SECURE Act?
An open letter penned by a team of senior Republican Senators calls on Senate Majority Leader Mitch McConnell to bring the bipartisan SECURE Act over the legislative finish line.
The Four Possible Paths for Senate SECURE Act Passage
There are several potential paths forward for the SECURE Act, which remains stalled in the U.S. Senate despite is bipartisan appeal.
2044: Achieving Retirement Security for the Average American Worker
It’s important that we pause for a moment—to look beyond next year’s political showdown and ahead to 2044.
Inheritance Pathways Exist to Replace Stretch IRAs
The SECURE Act is stalled in the U.S. Senate due in part to several lawmakers’ concerns that it does away with so-called “stretch IRAs,” but tax and inheritance experts say other effective tax mitigation strategies are available.
‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
Low and middle-income Americans struggling to save for retirement are depending on the U.S. Senate to pass the SECURE Act, advocates say. At present, one roadblock seems to the law’s treatment of “stretch IRAs.”
Advocates Hope Stalled SECURE Act Folds into Budget Negotiations
As Congress and the Trump Administration turn their attention to a budget deal and debt ceiling negotiations, industry stakeholders hope the bipartisan SECURE Act could become part of the process.