After all the preparation, planning, travel, and travails, the 2024 National Association of Plan Advisors (NAPA) 401(k) Summit will start Sunday afternoon in Music City. The Summit, the largest ever with a record-setting 2,800 advisors and exhibitors, promises discussions of retirement plan policy... READ MORE

It’s Music City, so apropos. Kidder Company/Fuerza Financial Chairman and CEO Keith Gredys chose the distinctive beat and guttural guitar riff of the Black Sabbath classic "Iron Man" to begin his presidential acceptance speech at the NAPA 401(k) Summit in Nashville, Tenn. “Why did I walk in with... READ MORE

The American Retirement Association (ARA) and sustainable markets advocacy organization Ceres filed an amicus brief last week in the 5th U.S. Circuit Court of Appeals. It supported the U.S. Department of Labor’s (DOL) rule “that ensures retirement plan fiduciaries, including 401(k) sponsors, can... READ MORE

Longevity and greater spending are “putting the U.S. retirement system under immense strain,” BlackRock CEO Larry Fink wrote in his annual letter to shareholders. In the letter, bluntly titled “Time to Rethink Retirement,” Fink argued that capital markets will be critical in addressing what he... READ MORE

The Republican Study Committee (RSC), a conservative caucus to which most House GOP members belong, released its Fiscal Year 2025 Budget proposal, “Fiscal Sanity to Save America,” on Wednesday. It said the budget would address the federal spending problem and pay down debt so that it would “... READ MORE

It’s increasing, but is it enough? Stubbornly high inflation has The Senior Citizens League (TSCL) raising its 2025 COLA estimate to 2.4%, based on the Bureau of Labor Statistics’ Consumer Price Index (and increase of 3.2%) released Tuesday. While it’s still very early, the one percentage point... READ MORE

Tom Hansen and Tony Michael didn’t like the limitations of the recordkeeping software available on the market, so they built their own. The proprietors of inVesti Financial developed inVesti-RKS (Record Keeping Services) platform and successfully integrated this week with UMB Bank and Matrix... READ MORE

Millennials are defining retirement by independence rather than age.  Accroding to a recent survey from IRALOGIX, over half say retirement is defined not by age 65 but by financial independence where they can indulge their lifestyles without relying on traditional employment.  When asked if they... READ MORE

  The Office of Management and Budget (OMB) received the fiduciary rule, listed as Retirement Security Rule: Definition of an Investment Advice Fiduciary, from the Department of Labor (DOL) on Friday. The OMB will review its costs and benefits within 90 days. However, the compressed two-month... READ MORE