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work-free retirement, retirement goals

Basic Recommendations for a Work-Free Retirement

In today’s world, it’s becoming more and more frequent for people to need to continue working post-retirement. This trend is taking away from most retirees’ main goal: to enjoy a leisurely, comfortable, and work-free retirement. ...
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self-directed retirement industry, client trust

Gaining Client Trust in the Self-Directed Retirement Industry

The reason many people choose to go with the self-directed retirement industry is that they want to have more control over their investments. They likely had or know someone who had a retirement plan that ...
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millennial retirement planning, millennials

How Millennials Are Becoming Leaders in Retirement Planning

In the past, millennials have received quite a bit of flack for most of their habits and methods when it comes to being a “successful adult.” Planning and saving for retirement definitely falls in the ...
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SECURE act, capitol building

Retirement Industry Trust Association (RITA) Supports SECURE Act Passage

In May, the House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act with a vote of 417-3. If the bill passes the Senate and is signed by the president, it ...
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investment adviser, investment advisers

SEC Publishes a Roadmap to Navigating the Investment Adviser Fiduciary Duty

On June 5, 2019, the U.S. Securities and Exchange Commission (the “SEC”) adopted a final interpretation (the “Interpretation”) of the standard of conduct applicable to investment advisers (“IA”) under the Investment Advisers Act of 1940, ...
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millennials retirement planning, retirement planning, financial planning

How to Reach Millennials with Retirement Planning

Millennials are now the largest generation in the U.S. Labor force, totaling more than 56 million individuals. But are they thinking about retirement planning? A recent report by the National Institute on Retirement Security revealed ...
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ERISA, supreme court, us supreme court

Supreme Court Fills Docket with ERISA Cases

After more than two years since the U.S. Supreme Court issued its last decision* in a case involving the Employee Retirement Income Security Act (ERISA), the court’s next term looks to be flush with ERISA issues. On ...
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Tricky Timelines If You Miss an RMD

When a client fails to take a required minimum distribution, you usually want to seek a waiver of the 50% penalty that would apply to this mistake. My October 2015 column explained exactly how to apply for ...
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Industry Leader Swings Against State Fiduciary Proposals

The Securities and Exchange Commission is likely to adopt its “best interest” rule aimed at upgrading brokers’ responsibility to customers by next summer, but industry leaders who generally support Reg BI complained Thursday that states ...
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Lawmakers Ask GAO to Explore Cybersecurity Issues in Defined Contribution Plans

The increase in retirement savings held in defined contribution plans, the ubiquity of online accounts and the large number of digital interactions between plans and service providers present "a tempting target" for criminals, two legislators ...
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