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August 11th, 2020 Information & Insights for the 403(b) Community Reaching K-12 403(b) Plan Participants During the Pandemic School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue educating participants in creative ways. DOL’s Proposed ESG Restrictions Panned in Public Comments The clear trend among investment managers, retirement industry professionals and members of the public is skepticism about the need for the proposed environmental, social and governance (ESG) investing restrictions for retirement plans. Ask the Experts Can Plan Sponsors Send Documents Electronically Right Away? “Now that the Department of Labor (DOL) has released its final rule on e-disclosure, can I go ahead and work with my recordkeeper to start sending covered documents to participants immediately?” Workers Forced to Retire Early Can Still Achieve Financial Wellness With the help of money management strategies, workers can still have a financially sound retirement. Edward Jones and Age Wave Introduce the New Four Pillars of Retirement The ideas explain what retirees are focusing on after the workforce and as they enter the next chapter. Stimulus Bill Projections May Impact Long-Term Savings As both Senate and House proposals would pump trillions of dollars into the economy to aid staggering unemployment figures, concerns of possible inflation years down the line have increased. DOL Fiduciary Rule Debate Continues in Public Comments Some argue the fiduciary proposal is being rushed, while others broadly support the Department of Labor’s aim to align its regulations with the Securities and Exchange Commission. Unemployed Older Workers May Not Be Able to Find New Jobs Retirement Equity Lab says nearly 3 million older workers, those between the ages of 55 and 70, have left the labor force since March. ICMA-RC Offers Virtual Financial Planning Services to Plan Participants The move will expand the availability of the firm’s Certified Financial Planners to working and retired participants. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850