New results from the Retirement Clearinghouse’s Auto Portability Simulation (APS) model further reveal the potential for auto portability to dramatically increase retirement savings.    Based on new assumptions that increase the model’s predictive accuracy, the firm’s resulting paper—Revisiting... READ MORE

If ever there was a Groundhog Day movie moment, this might be it, as battles over implementing a new fiduciary advice rule and confirming a labor secretary continued this week. The latest salvo comes from a powerful group of Republican senators who on Dec. 18 wrote to Acting Labor Secretary Julie... READ MORE

The Internal Revenue Service has just released new guidance in the form of questions and answers addressing several key provisions contained in the SECURE 2.0 Act of 2022. The IRS advises that the notice (Notice 2024-02) is not intended to provide comprehensive guidance as to the specific... READ MORE

Even though a recession never materialized, 2023 ended up being a challenging year for investors with the Fed calling the shots, Bob Doll observes in looking back on his 2023 predictions. As things currently stand, he will have achieved just 5 out of 10 correct predictions for 2023, which he notes... READ MORE

As the impact of unpaid family caregiving takes a toll on the ability to save for retirement, newly introduced legislation seeks to alleviate some of that stress. Reps. Claudia Tenney (R-NY) and Chris Pappas (D-NH) on Dec. 13 introduced the Expanding Access to Retirement Savings for Caregivers Act... READ MORE

American workers are benefiting from higher savings account rates, a rebounding equity market and a strong employment market, but economic and financial conditions are making it hard for many to manage day-to-day finances, a new study finds. One thing that’s making it hard is inflation, which is... READ MORE

Despite widespread industry and congressional opposition, the Securities and Exchange Commission (SEC) apparently has not given up on pursuing its proposal to require open-end funds to use “swing pricing” and require a daily “hard close” for relevant funds. According to the SEC’s newly released... READ MORE

While institutional investors are decidedly bullish on bonds, private equity and private debt, what speaks volumes about their mindset heading into 2024 is the degree to which they are worried about the geopolitical landscape. According to Natixis Investment Managers’ annual survey of large... READ MORE

In a positive sign that lawmakers are committed to fixing several errors contained in the SECURE 2.0 Act, the House and Senate have just released a draft technical corrections bill, including changes to allow catch-up contributions and provide parity for Starter 401(k)s championed by the American... READ MORE