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Saver's Match: Opportunity to Help Close Retirement Savings Access Gap

Outlined in SECURE 2.0 to be introduced for the 2027 tax year, the Saver’s Match is a 50% federal matching contribution deposited directly into a taxpayer’s IRA or retirement plan. ....

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Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap

It is in plan sponsors’ best interest to improve the financial health of workers and address disparities, researchers say. ....

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Does Senate Hearing Foreshadow More Retirement Reform?

Does Senate Hearing Foreshadow More Retirement Reform?
Commenters at a Senate Finance Committee hearing held Wednesday sure hoped so and they had a lot of ambitious ideas.
The U.S. Senate Finance Committee hosted a lengthy hearing Wednesday on the state of the nation’s retirement planning system, with the specified goal of “investigating challenges to Americans’ retirement security.”
Following opening statements from Senators Rob Portman, R-Ohio, and Sherrod Brown, D-Ohio, in which the lawmakers voiced optimism about the potential for achieving retirement reform in 2021, the main part of the hearing included comments from four well-known retirement industry thought leaders. They were Scott Barr, a financial adviser with Edward Jones; Eric Stevenson, president, retirement plans, Nationwide; Michael P. Kreps, principal, Groom Law Group; and Joshua Luskin, president, National Association of Government Defined Contribution Administrators (NAGDCA). ....

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