Retirement Advisor

Plan sponsors should take note of how rules around retirement plans are evolving due to regulatory changes, including the passage of SECURE 2.0, and whether their strategy remains relevant in this new environment.

SECURE 2.0 includes changes to retirement plans that will push up the age investors are required to start withdrawing from their 401(k)s to 73 in 2023 (from last year's 72).

About one-third of workers – who say financial stress impacts their mental health – want employers to help with financial coaching and support, says a new survey.

Ahead of the next Federal Reserve meeting on Feb. 1, ongoing inflation leaves economists expecting bigger rate hikes than most Fed officials have projected.

The cause for the funding challenge is that spending for Social Security is set to increase sharply in relation to GDP in the next decade as the large baby-boom generation retires, according to the CBO.

With the recent passage of SECURE Act 2.0 and the IRS' release of substantially higher contribution limits for 401(k)s, small employers are only just beginning their journey to design and offer robust retirement benefits.

Employers have an opportunity to lessen the significant burden of this debt for their employees — while cultivating a more cutting-edge benefits package that can also appeal to prospective talent.

Some advisors may be underestimating the level of anxiety their clients are living through and should seize the opportunity to help them understand the value of protection solutions, like annuities, says a new study.