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.
House Committee Vote to ‘Stop Biden’s Fiduciary Rule’ Set for Wednesday
Approval of resolution by the House Education and Workforce Committee would make it eligible for a full floor vote
Ramji Takes Reins as Vanguard CEO
Former BlackRock executive succeeds Tim Buckley, who has retired after a highly successful tenure as chairman and CEO
Why Workers Need Emergency Savings Accounts
New Empower research finds 37% of Americans can’t afford an emergency expense over $400
Fiduciary Rule Fate Clouds in Wake of SCOTUS Chevron Doctrine Ruling
With Chevron doctrine thrown out, courts—not agencies—have more leeway to interpret statutory provisions and challenges to rulemaking are ramping up
FSI, SIFMA Join Lawsuit Against Fiduciary Rule; CFP Board Backs It in Separate Suit
Filings opposing and supporting the rule are in response to two separate lawsuits challenging rule currently set to take effect in September
7 Standout Facts from ‘Retirement Research Week’
So much retirement plan data was dropped this week we decided a summary was in order to put a spotlight on some of the more notable findings
EBRI Finds ‘Substantial Growth’ in Retirement Plan Ownership, Assets
Percentage of families with assets in a plan increased 4% from 2019 to 2022 while total plan balances increased by 15%
Financial Wellness Disconnect: Employers, Workers Disagree on Level of Support
Report finds 72% of employees don’t believe employers are completely supporting their financial wellness
5 Key Findings from Alight’s 2024 Universe Benchmarks Report
Improvements in 401(k) participation, savings rates and average balances among new report’s highlights
How Annuitizing Income Gives Retirees a ‘License to Spend’ (Twice as Much!)
New research from David Blanchett and Michael Finke shows annuitizing retirement income helps retirees overcome unfounded reluctance to spend down savings