Research shows that the millennial generation is the best generation of savers since the Great Depression. This is good news. Millennials understand how important it is to save, and they want to save. But it [...]
After a tumultuous campaign in which he violated every rule of American politics, and with a promise to “drain the swamp” in the nation’s capital, Mr. Trump is going to Washington. In a stunning [...]
Consumer-directed health plans, such as HSA-compatible high-deductible health plans (HDHPs), are now the norm among large employers, according to an annual survey of large employers by the National Business Group on Health. Its Large Employers’ [...]
The speeches are over, the national political conventions are history, and the road to the White House is entering the final stretch. It is clear from the candidates’ financial disclosures that both Hillary Clinton and [...]
Defined contribution (DC) plans—such as 401(k) plans—are now the dominant form of retirement plans for U.S. workers, yet 60 percent of all households have no retirement savings in a DC plan, [...]
Less than two months after the Department of Labor (DOL) released its final fiduciary rule, a flurry of lawsuits has been filed to overturn it. The DOL’s controversial rule expands the definition of fiduciary [...]
Bill Clinton, Cher, Candice Bergen, Andrea Mitchell—household names in the world of politics, entertainment, and journalism—are, along with thousand of your members, reaching age 70 this year. As the first of the baby [...]
The Department of Labor (DOL) has released its long-awaited final fiduciary rule and clarified that IRAs—along with Archer medical savings accounts (MSAs), health savings accounts (HSAs), and Coverdell education savings accounts (ESAs)—are included [...]
With the Department of Labor’s (DOL) release of the final fiduciary rule imminent, Congress is stepping up scrutiny of the rulemaking process. Legislative efforts are underway to stop the DOL from implementing the final [...]
President Obama’s final fiscal year budget proposal is a record $4.1 trillion package that includes provisions to increase access to retirement plans and portability of retirement benefits. Many of the President’s retirement [...]
America Saves Week 2016 kicks off February 22, 2016, and this year’s theme, “Making Savings Automatic,” is tailor made for credit unions to promote saving for retirement. The America Saves campaign, managed by the [...]
Congress has passed legislation that retroactively extends qualified charitable distributions (QCDs) from Traditional and Roth IRAs to January 1, 2015, and makes the provision permanent going forward. The provision—which allows IRA owners and beneficiaries [...]
The Department of the Treasury has announced the national rollout of myRA® with expanded funding options after concluding the initial pilot phase of the program that saw about 3,000 myRAs opened. The myRA (my [...]
It is open enrollment time—the time of year when millions of American workers select their health insurance coverage for the coming year—either through their employer or, increasingly, through the health insurance exchanges. This [...]
For nearly 70 years, International Credit Union Day has been celebrated on the third Thursday of October as a way to reflect on the movement’s history and celebrate its achievements. The credit union philosophy [...]
