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.
Final 2024 Social Security COLA Estimate Before the Real Thing: 3.2%
Last forecast increases slightly while the official cost of living adjustment for next year will be announced on Oct. 12
This Expense is 5x More Likely to Drive Spending Volatility in Retirement than Health Care
New T. Rowe Price research finds home-related expenses by far the biggest driver of retirement spending volatility
New DOL Fiduciary Rule Under OMB Review; Gets Bashed by Insurance Trade Groups
While actual text of proposed fiduciary rule delivered to OMB late Friday won’t be made public for about a month, groups say it “will hurt working families’ ability to save for retirement”
Andrew Biggs Explains Why There Really Is No Retirement Crisis
Andrew Biggs, Senior Fellow at the American Enterprise Institute and a former Deputy Commissioner of the Social Security Administration, explains why he thinks most Americans probably are indeed saving enough for retirement, and how what he says are “flawed” calculations exaggerate the shortfall of Social Security’s retirement income replacement rate.
UAW Wants Pensions Back for Workers; Automakers Keen on 401(k)s
“Audacious” demand may merely be a bargaining chip as General Motors, Stellantis and Ford are unlikely to go back to defined benefit plans
Cassidy Calls on Biden to Withdraw Julie Su’s Nomination as Labor Secretary
Senate HELP Committee Ranking Member introduces legislation to prevent Su from serving as Acting Secretary of Labor indefinitely
DOL Seeks Nominees for 5 Vacancies on 2024 ERISA Advisory Council
Interested parties have until Oct. 23 to apply for a 3-year term on the 15-member board that makes recommendations to Labor Secretary on ERISA matters
Retire Here, Not There: WalletHub’s 2023 Best & Worst Places to Retire
One state dominates the top of the just-released rankings while another dominates the bottom
Take Another Look at TDF Glidepaths—Through a Fixed Income Lens
401(k) Specialist sits down for a Q&A with MFS Investment Management’s Jeri Savage to discuss fixed income exposure in target date funds
Biggs: Social Security Exaggerates Shortfall of Retirement Income Replacement Rate
New working paper says retirement income security is actually improving while agency’s flawed calculation method makes it appear a “crisis” is brewing