Retirement

One key area to watch is tax policy, since President Trump has been a strong supporter of extending and even making permanent tax cuts, which could potentially affect overall 401(k) growth, says Colonial Surety’s Richard Clarke.

Seven GOP-led states had filed suit against former President Joe Biden's SAVE student loan relief plan, arguing that debt cancellation should be addressed through legislation, and the judge agreed, saying “ that a taxpayer-funded bailout is blatant executive overreach."

SSA’s acting commissioner resigned over refusal to allow access to sensitive government records, however, she was quickly replaced by the manager in charge of SSA’s anti-fraud office, until Trump’s appointee to lead the agency, Frank Bisignano, is confirmed by the Senate.

The DOL’s ESG rule has been challenged since it took effect in 2023, but now a Texas judge has ruled that retirement fund managers may consider environmental, social and governance factors when choosing investment funds.

In Q4, significantly more participants increased their retirement contribution rate, led by younger generations – Gen X-ers contributed the most, but millennials saved the most, according to a new BofA report.

Employers need to rethink how these programs are structured and include these must-haves: fiduciary-only advice, AI and human guidance, a focus on everyday challenges and seamless and engaging technology.

Most (92%) employees agreed that it was important to have choice in and control of the investments in their plans and more than eight out of 10 said that their DC plan offered “a good lineup of investment options," according to the Investment Company Institute.

A third of Americans don’t believe retiring in their current location makes financial sense, which is why Nationwide Financial Research’s new data can help advisors offer specific financial guidance to those in the Northeast, Midwest, West and the South.