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CalSavers' growth in assets continues apace, and they now amount to more than half a billion dollars; registrations are growing too, but not in as dramatic a fashion.
CalSavers Assets Hit Half Billion
April, it has been said, is the cruelest month. No offense to Chaucer, but CalSavers — the...
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Almost 70% of near-retirees either failed or barely passed MassMutual’s latest Social Security retirement benefits quiz. Over one-third failed (35%), and another one-third received a D (34%).
More than a quarter of near-retiree respondents did not know that if they have a spouse, the other...
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The Land of 10,000 Lakes is poised to become the next to adopt a measure creating a state-run retirement program that provides coverage for private-sector employees whose employers do not.
The state Senate approved the bill that would do so on May 11, and the House had done so 10 days earlier; the...
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So many factors are in play in running a practice and serving clients. And a session at the recent 2023 NTSA Summit focused on one fundamental to doing both effectively: mental health.
In “‘Holding’ Pattern: Is Mental Health Holding You Back?” Eric Jenkins, LCSW/Therapist at Willow Pines...
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Some say default choices well-intentioned, but also intrusive and demeaning, writes Nevin E. Adams, JD, in MarketBeat. Nonetheless, it appears that there are employees who WANT that support. All of which, he says, calls to mind a new standard.
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Tech Talk addresses whether an employee who is separated from service from an employer where he has an optional retirement plan 403(b) can roll it over to his new employer’s K-12 403(b) plan.
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The IRS has issued an update to the 2022-2023 priority guidance plan.
The IRS had released the initial plan on Nov. 4, 2022, setting forth guidance priorities for the 12-month period from July 1, 2022, through June 30, 2023 (the plan year). It released an update to the plan in February.
The To...
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Vermont is close to establishing a state-run retirement plan to provide coverage for employees whose private-sector employers do not, and Pennsylvania is on the road to that.
Green Mountain State Poised to Join State Plan Club
The Vermont House of Representatives has passed legislation that...
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A new report finds a decline in retirement confidence to levels not seen since the 2008 financial crisis.
The report, from the Employee Benefit Research Institute (EBRI), also finds both employees and retirees are very concerned about inflation and its impact on their savings and spending....
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Editor's Note: This feature in the NTSA Advisor provides a look at what’s going on in the states and the most recent developments in their activity to provide and enhance retirement plan coverage.
What has it meant for teachers in Alaska that their retirement plan was part of the widespread...
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The third rail of American politics isn’t what it should be, according to Sen. Bill Cassidy (R-LA).
“We have to redefine what that third rail is,” Cassidy said when asked about prospects for a Social Security fix. “The third rail, according to our leading presidential candidates, is that you...
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In MarketBeat, Ted Godbout writes that the NEPC’s 17th annual Defined Contribution (DC) Plan Trends and Fee Survey says that while the dedicated retirement income solution market has proliferated over the past several years, many plan sponsors have struggled to evaluate their options strategically.
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Tech Talk discusses procedures for obtaining opinion and advisory letters for the first six-year remedial amendment cycle and a 403(b) pre-approved plan’s second six-year remedial amendment cycle.
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A SECURE 2.0 “fix” that would allow 403(b)s to invest in collective investment trusts (CIT) was officially introduced in the House on May 2.
The bill, The Retirement Fairness for Charities and Educational Institutions Act of 2023, introduced by House Financial Services Committee Member Rep....
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The National Council on Aging (NCOA) and UMass Boston find that 80% of older Americans, or 47 million people, can’t sustain a financial shock such as needing to pay for long-term care services and supports (LTSS) or the loss of income due to divorce or widowhood.
“It is unacceptable that nearly...
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We all like to look up to role models, and the NTSA is no different. The NTSA sponsors the prestigious lifetime service awards — the NTSA 2024 Richard Ford Volunteer Service Awards. Their nomination period is Spring 2023 — and has launched!
Know the few, the extraordinary, the innovative, who...
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Editor's Note: This feature in the NTSA Advisor provides a look at what’s going on in the states and the most recent developments in their activity to provide and enhance retirement plan coverage.
Bills before the legislatures in Minnesota, Maine, and Illinois would adjust retirement savings...
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Some advisors have found that a great way to solidify their relationship with a school district is to promote service awards for the district’s employees.
One of the ways to do this that has the most impact is to actively participate in recognizing employee milestones. And one way you can do this...
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Researchers have found that feeling cared for at work is a key driver of employee holistic health and happiness, and not prioritizing it can cause major issues in the workplace, writes Ted Godbout in MarketBeat.
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Tech Talk addresses what a 403(b) prototype plan is, and what constitutes each of its two parts.
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Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...