Client Service May 30th, 2023 Advisor Group Issues Alert for 2021 Vendor Data Breach Affecting Clients Personal information exfiltrated from RRD’s corporate data system included users’ names, addresses and Social Security numbers.
Compliance May 23rd, 2023 Retirement Clearinghouse Issues Alert of IRA Data Breach Firm alerts more than 10,000 people to watch out for identify theft after Social Security and IRA numbers may have...
Compliance May 22nd, 2023 EBRI Study: Inflation, Weak Stock Market Slashed Retirement Confidence EBRI reports sharply decreased retirement confidence, driven primarily by inflation.
Compliance May 12th, 2023 House Republicans Propose Exempting Social Security Benefits From Income Tax Social Security reform bills keep coming this Congress, and this one would remove Social Security payments from the calculation of...
Compliance April 27th, 2023 GOP Budget Plan Calls For Spending Cuts That Would Include Social Security Administration The bill that passed the House yesterday would threaten delays in Social Security payments, according to an industry lobby group.
In Practice April 17th, 2023 Social Security Uncertainty Bolsters Use Case for HSAs, Proponents Say Because of rising health care costs and the predicted insolvency of Social Security, experts tout HSAs as a powerful tool to save up...
Compliance April 5th, 2023 Recent Proposals to Reform Social Security The options to reform Social Security will have to become more dramatic the longer Congress waits.
Data & Research March 31st, 2023 Social Security Trust Fund May Fall Short One Year Earlier Than Expected Social Security's largest trust fund may be depleted in 2034, one year earlier than previously estimated, according to its Board...
Compliance March 10th, 2023 White House Budget Proposal Increases Funding for DOL Enforcement Actions President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
Compliance March 8th, 2023 Senators Propose Legislation to Encourage Social Security Literacy The legislators want to increase the clarity and number of paper statements workers receive from the Social Security Administration to...
Compliance March 3rd, 2023 Senators Propose Repealing Social Security Cuts to Public Pensioners The Social Security Fairness Act would repeal two provisions that reduce payments to many retirees collecting public pensions.
Compliance February 17th, 2023 Social Security Expansion Act Would Guarantee Solvency for 75 Years The Democrat-sponsored bill has been referred to the Republican-controlled House Committee on Ways and Means.
Compliance February 8th, 2023 Biden “Won’t Let” Republicans Cut Social Security In the State of the Union address, Biden commits to protecting Social Security and Medicare from cuts to address the...
In Practice December 21st, 2022 CBO Says Social Security Trust Funds May Be Depleted by 2033 Retirement advisers may need to counsel on a 23% reduction in Social Security benefits within the next decade if the...
Client Service December 7th, 2022 Social Security Administration Aims for Informative, Time-Saving Website Redesign Understanding when and how to take Social Security distributions should be a critical part of everyone’s retirement planning, according to...
Client Service October 25th, 2022 Making Retirement Income Projections Useful Plan participants need advisers to go beyond just awareness of their balance to thinking about that balance in the form...
Client Service October 25th, 2022 Six Misconceptions About Social Security That Can Affect Participants Not recognizing the impact of claiming benefits early – or the benefit of waiting – is essential.
Data & Research October 21st, 2022 Think Again: When Should Workers Begin Saving for Retirement? A new study in the Journal of Retirement argues that if one’s goal for retirement saving is to keep their...
Client Service October 17th, 2022 Social Security COLA’s Could Have Big Impact on Advisers’ Retirement Planning Advisers discuss the cost-of-living adjustment and what it could mean for pre- and post-retirees.