Retirement Advisor

There are battle lines forming as the Senate Health, Education, Labor and Pensions Committee prepares for an April 20th hearing on the nomination of Acting Secretary Julie Su, as Republicans have called for her withdrawal.

After analyzing 600,000 retirement plans with $8 trillion in assets covering 96 million workers, the 401(k)s at certain industries have best weathered the COVID pandemic, according to a new report from Judy Diamond Associates.

The mandatory SECURE 2.0 provisions that must be implemented within the next two years are generally action items for human resource and benefits professionals, benefits committees, and recordkeepers.

This massive growth will be fueled by a tight labor market and SECURE 2.0 government mandates – and 401(k)s among employers with less than 100 employees will have equaled coverage among employers of 100+ employees.

Retirement planning poses a particularly difficult challenge for gig workers even though the tools and intelligence are there in the financial services industry to put such a plan in place, according to a new report.

Plan sponsors can help workers through job changes by preserving assets when possible (not cashing out) and consolidating accounts into the current plan, says a new survey.

There's a disconnect between financial help employees say they need and what they say employers are doing –-despite its importance to employees, just 13% of workers report their employer has introduced such policies.

Local financial advisors are in the best position to help these small business owners implement the right retirement plan that best fits their needs, budgets and goals.