With an increase in longevity and the demise of corporate pension plans, it is hardly a surprise to note there are more “older” Americans in the workforce, at least when analyzing demographic trends in recent decades. Pew Research Center recently did just that—quantifying how quickly the cohort... READ MORE

Good tidings for Vestwell came just before Christmas with news that the digital retirement plan platform and recordkeeper raised $125 million in Series D funding. The company claimed the size of the round was one of the largest Series D SaaS of the year. A letter-style press release from... READ MORE

The Department of Labor (DOL) announced that the Employee Benefits Security Administration (EBSA) published the unofficial transcripts of its online hearing on the Notice of Proposed Rulemaking, “Retirement Security Rule: Definition of an Investment Advice Fiduciary” and related proposed prohibited... READ MORE

It’s a massive gap. Generation X says it will take $1,112,183 in savings to retire comfortably, yet they expect to have $661,013 saved. The $451,170 difference tops the expected shortfall facing Millennials and Baby Boomers.  According to a new Schroders survey, 45% of non-retired Gen Xers say... READ MORE

Reps. Darin LaHood (R-Ill.) and Linda Sánchez (D-Calif.) introduced a bill on Wednesday that would allow retirement savers to roll over their Roth IRA savings into a Roth workplace retirement plan such as a Roth 401(k), Roth 403(b), or Roth 457(b). The bipartisan bill, which the American... READ MORE

More good news on (closing) the retirement plan coverage gap, specifically related to state auto-IRA mandates. The American Retirement Association has long argued—and an increasing body of research confirms—that state-sponsored retirement plans close the coverage gap, not only by providing a... READ MORE

American Retirement Association (ARA) CEO Brian Graff is scheduled to testify on the first day of a public hearing hosted by the Department of Labor (DOL) titled “Retirement Security Rule: Definition of an Investment Advice Fiduciary.” Graff will follow opening remarks from Assistant Secretary for... READ MORE

HUB International acquired AFS 401(k) Retirement Services and its parent, AFS Financial Group, M&A advisory firm Wise Rhino Group (WRG) announced Monday. Terms of the transaction were not disclosed. AFS 401(k) is led by 2021 National Association of Plan Advisors (NAPA) Past President Alex... READ MORE

Financial “expert” Robert Kiyosaki, famed author of Rich Dad Poor Dad, recently called the 401(k) a horrible retirement plan, trotting out the same old tired tropes in what appeared to be a calculated effort to get attention rather than any attempt at a reasoned argument. Out-of-context comments... READ MORE