Introduction: Why MEPs and PEPs are the Plan of the Moment
Do you know that only 53 percent of employees at small businesses have retirement planning options? Now, if we consider the fact that there are 5 million to 6 million companies in the U.S. and just 650,000 defined contribution plans, it becomes obvious that saving for retirement is a big issue in America that needs to be resolved.
New SEC Enforcement Chief to Bring Wider Net to the Reg BI Rule
The existing Reg BI rule is not yet a fiduciary standard, but SEC enforcers still refer to it when investigating potential violations in regards to fiduciary activities and relations between clients and advisors.
Retirement: The Ultimate Bipartisan Issue
Arriving back on the blue planet, Jeff Bezos lamented that there were too many vilifiers and not enough unifiers. Amongst the unifiers, apparently in such short supply, is the fact that we all grow old, and need to retire.This is perhaps why transitioning out of the workforce is one of those rare things in US politics, a bipartisan issue. Divided as they might seem, you’d be hard pressed to find a member of the house or senate, who’s not concerned with just how few Americans are prepared for retirement.
Specific Niches for Advisors
Reasons for Finding and Developing Specific Niches Specific Niches: Not a One Size Fits All Niche Becoming a Necessity Advisors who Found their Specific Niches Specializing Driven by Marketing Challenges...Read More
Quick User Guide – Planisphere
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Reconsider Adding Revenue-Sharing Funds To Your Investment Menu
You may want to consider removing revenue-sharing plans from the investment menu, as they actually increase your spending and lower income.
Higher Education Plan Sponsors See More Demand for Participant Investment Help
A recent study on higher education plans from Voya found 43% of plan sponsors say motivating employees to save adequately and invest wisely are the top challenges in helping their employees prepare for retirement.
More than half of Americans took from their retirement savings amid the global pandemic, the survey finds.
As an increasing number of households are struggling to make ends meet amid a global pandemic, more Americans have found themselves raiding their retirement savings in this coronavirus induced Recession.
Covid Has Impacted 82% of America’s Retirement Plans
According to recent data from Johns Hopkins University, at least 21 states have seen a 10% increase in the daily average for positive Covid-19 cases. This indicates that the pandemic is far from over. While the pandemic has wreaked havoc on our mental and physical health, it is also quietly reshaping how Americans will approach retirement and old age in future.
Emergency Savings Accounts: a New Initiative Induced by the Current Economic Situation
Emergency savings accounts are expected to boost plan sponsors’ retirement plans. A number of major record keepers are counting on this new feature to help ease the economic uncertainty faced by employees.