With 90-plus provisions, SECURE 2.0 is a complex piece of legislation, and there is still some confusion among plan sponsors about tax credits to cover administrative costs, as well as which provisions are optional or mandatory.
Retirees may prefer a Non-Guaranteed Retirement Income Payout over guaranteed income options due to flexibility and lower costs, according to the Institutional Retirement Income Council.
The American Council of Life Insurers and others are seeking to overturn the fiduciary rule finalized last month because it "undermines the expertise of state authorities who are responsible for overseeing annuities."
Women earn less than men, often take time away from work for caregiving and live longer, which is why they say Congress needs to shore up Social Security and employers should contribute more to their plans, says a new survey.
More than three-quarters of respondents said they feel more comfortable talking about family-related responsibilities with their employer than they did previously.