Rising seas, wildfires, tornadoes—what impact will it have on retirement savings and security?
The Department of Labor (DOL) wants to know and published a Request for Information for public comment on what actions, if any, the department should take under federal law. As the DOL notes, the RFI follows President Biden’s Executive Order on Climate-Related Financial Risk. It directs the department to identify protections under ERISA to safeguard the life savings and pensions of U.S. workers.
How do you do, fellow kids? It’s probably what BlackRock is thinking now that the investment giant is on TikTok. 401(k) Specialist Managing Editor Brian Anderson reports that BlackRock released a few posts on the short-form, video-sharing app favored by Gen Z. Saving for Retirement and Allocating a Paycheck are two of the topics covered.
Lastly, should participants be auto-enrolled in a Roth 401(k)? It’s something often overlooked but could be appropriate depending on the participant’s age and income, and something Janus Henderson’s Matt Sommer brings to our attention.
It’s all happening this week.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
