DOL Reminds Plan Sponsors, Participants to Search for Missed Retirement Assets
The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social...
Tag: Social Security
Benefits |
Congress Must Act Soon to Save Social Security, Actuaries Say
The American Academy of Actuaries recommended that tax increases and benefits reductions should be phased in gradually to address Social...
Benefits |
Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On
Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Fed’s Bostic Addresses Wealth Inequality, Inflation at New School Lecture
The president and CEO of the Fed’s Atlanta branch said monetary policy is limited in its ability to reduce wealth...
Benefits |
COLA Announcement Prompts Call for Better Inflation Protection
Some industry experts suggest another inflation measure could better reflect costs for older Americans.
Social Security COLA Announced as 3.2% for 2024
Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the...
Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers
Low-income workers can delay retirement, liquidate home equity and utilize a workplace retirement plan to improve their retirement readiness, new...
Retirement Contribution Limits, COLA Stay on Track With Continuing Resolution
The DC contribution limit was projected to be $23,000 for 2024, and the IRS should stay on track in implementing...
Benefits |
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
Benefits |
COLA Projection at 3.2% as Inflation Cools
Retirees should expect a COLA of 3.2% for 2024, according to the Senior Citizens League.
Retirement Industry People Moves
Toland leaves TIAA to start annuity consultancy; Bryn Mawr Trust selects director of private wealth management; and First Eagle Investments...
Democrats Introduce Bill to Protect Social Security Benefits From Student Loan Garnishment
Student loan payments are set to restart in October, and some collecting Social Security could soon see their benefits garnished.
Benefits |
Inequality Worse for Social Security Than Low Birthrates, Chief Actuary Says
Stephen Goss said that income growth beyond the wage cap on payroll taxes was not anticipated during the reforms of...
US Drops to 20th in Natixis Global Retirement Index
Despite improvements in employment and income inequality, the U.S. slipped in the ranking, as high inflation and public debt caused...
Benefits |
Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap
It is in plan sponsors’ best interest to improve the financial health of workers and address disparities, researchers say.
Benefits |
Plan Sponsors Increasingly Add Focus on Post-Retirement Strategy
Modern support for participants should be ‘about much more than just managing the investment portfolio.’
Lines Between Work and Retirement Are Blurring, Research Finds
A new paper from Transamerica and MIT AgeLab shows how planning for retirement is linked to overall well-being.
Pre-Retirees Plan to Collect Social Security Early, Not Maximizing Benefit
Although waiting until age 70 earns a retiree more Social Security benefits, many plan to start collecting earlier due to...
Nearly 90% of Jobseekers Consider 401(k) a ‘Must-Have’ Benefit
Workers have continued to prioritize 401(k) saving despite inflation and market volatility, data shows.
Upcoming EBSA Webcast Will Focus on Helping Women Save for Retirement
The August 16 webinar will focus on challenges and circumstances women face when preparing for retirement, as well as how...