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BY Nevin E. Adams, JD 12/5/2017
The headline of a recent article didn’t pose that as a question. And that should make you think.The article, penned by a not-yet-30-year old, was mostly negative on the nation’s primary private retirement savings vehicle, but to my read, that wasn’t her fault. Rather, it was the net result of the...
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BY John Iekel 12/5/2017
IRAs play an increasingly large and important role in bolstering retirement readiness, says a recent analysis — and rollovers are a critical part of that vitality. It further reports that while contributions absent rollovers may be infrequent, so are withdrawals.In the December 2017 ICI Research...
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BY Nevin E. Adams, JD 12/4/2017
Even though retirement plans seem to be (mostly) off the table (for the present), we don’t yet know all that tax reform might bring. In this week's reader poll, we’d like to know – based on what you do know about the tax reform proposals, are you in favor, opposed, or – something else?While...
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BY Nevin E. Adams, JD 12/4/2017
A new excessive fee lawsuit treads familiar ground, but comes from a new direction, and takes on the practices of a multi-employer defined contribution retirement plan for union members.The suit (Ybarra v. Bd. of Trs. of Supplemental Income Tr. Fund, C.D. Cal., No. 8:17-cv-02091, complaint filed 11...
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BY Ted Godbout 12/4/2017
UPDATED 12/6/17 at 10:30 a.m. ETAfter a long and sometimes heated debate, the Senate took a major step toward enactment of landmark tax reform legislation, approving its version of the Tax Cuts and Jobs Act (H.R. 1) at nearly 2:00 a.m. Saturday morning, Dec. 2.The bill, as amended by the Senate,...
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BY NAPA Net Staff 12/1/2017
Financial wellness programs provide help to participants in achieving their short-, intermediate- and long-term financial objectives — some of that advice is fiduciary and some is not.A new blog post by Fred Reish explains that while recommendations about repayment of indebtedness, budgeting and...
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BY NAPA Net Staff 12/1/2017
November turned out to be a real month of thanksgiving for average 401(k) balances, which continued to build on a year of strong growth.Among older workers – those aged 55-64 with more than 20 years of tenure (and consistent participation since 12/31/14)– the average 401(k) balance gained 2.0%...
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BY Ted Godbout 12/1/2017
A key House Democrat introduced two bills on Dec. 1 that seek to implement automatic 401(k)s and simplify administration and improve retirement savings opportunities across the spectrum of plans, including both DB and DC plans.Rep. Richie Neal (MA), who has been a strong proponent for improving the...
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BY Ted Godbout 12/1/2017
Late Thursday, the Senate was nearing the end of debate on its tax reform legislation, but it appears the chamber must first address concerns about the federal budget deficit voiced by certain senators.The Senate began debating H.R. 1, the Tax Cuts and Jobs Act, on Wednesday, Nov. 29, after...
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BY Nevin E. Adams, JD 12/1/2017
Our latest reader poll finds that most NAPA Net readers are concerned about retirement plan cybersecurity. But their plan sponsor clients? Not so much.While more than three-quarters of the respondents to this week’s reader poll said they were concerned about the cybersecurity of the retirement plan...
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