Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
Alarming Percentage of Americans Have Less Than $25,000 Saved for Retirement
Yet nearly one in five has more than $1 million saved, new survey finds
3.3% Safe Withdrawal Rate is the New 4%: Morningstar
When it comes to a safe withdrawal rate for retirees, 4% has long been the accepted standard. A new report from Morningstar Research lowers that, but also offers ideas for how the rate could actually exceed 4%
ESG Adoption Growing, But Usage Still Anemic in DC Plans
Callan's latest ESG survey shows almost half of investors are incorporating environmental, social and governance factors into investment decisions, but just 13% of DC plans offer a dedicated ESG option
Annuities Best for Middle- and Mass-Affluent Clients, Advisors Say
New research from the Secure Retirement Institute reveals what advisors working with pre-retirees and retirees say are the lifetime income “sweet spots”
Workers Stressed About Looming End of Student Loan Payment Pause
Study finds 95% of nonprofit and public sector borrowers will have difficulty when payments resume in February—but public employers can help
8 in 10 HSA Holders Stopped or Decreased Investing in 2021
Lively’s second annual HSA Account Holder Insights report shows Americans stopped investing their HSA dollars to save for short-term healthcare expenses due to pandemic
Group Says Fiduciary Rule Reinstatement Would Be Dire for Black, Hispanic Americans
Study from Hispanic Leadership Fund says impact of reinstatement would significantly increase the wealth gap by limiting access to financial advice
KPMG Makes Company 401(k) Contribution Automatic
Consulting giant swaps out company match for automatic firm contribution up to 8%, regardless of whether employee contributes or not
Mega Roth IRA Ban Back in Biden Bill, But Not Until 2029
In, out and in again provision to eliminate the controversial strategy—if it remains and if the legislation passes—wouldn’t take effect until 2029 instead of 2022
IRS Bumps 2022 401(k) Contribution Limit By $1,000
Catch-up contribution limits, annual IRA contribution limits remain unchanged