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A Look at What the Biden-Sanders Task Force Report Means for Retirement

The “Combating the Climate Crisis and Pursuing Environmental Justice” policy paper issued earlier this month by former Vice President and presumptive Democratic Presidential nominee Joe Biden and Sen. Bernie Sanders (D-VT) may not sound like something that those concerned with retirement should necessarily worry about….

HEALS May Not Offer Much for Retirees – But What About TRUST?

On July 27, 2020 the Senate Republicans rolled out their Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, which would be another $1 trillion relief package for a nation still reeling from the COVID-19 pandemic. What does it do for retirement policy? Not much,…

Electronic Delivery of 401(k) Information: An Idea Whose Time Has Come

We regularly hear of businesses going paperless as the time and money spent filling out, sending and storing paperwork has continued to spiral upwards. Filing forms electronically, digitizing data, and saving it to “the cloud” can be a much more cost-effective method than continuing to…

The SECURE Act Has Finally Passed – What Does It Mean? (Part Two)

Continuing a look at some of the other major provisos in the recently passed Setting Every Community Up for Retirement Enhancement (SECURE) Act, I would like first to discuss its change in how compensation for some health care workers is treated. Many such workers do…

The SECURE Act Has Finally Passed – What Does It Mean? (Part One)

The recent passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act is rightly the cause of celebration throughout the retirement planning industry. As the most significant retirement plan legislation in more than a decade, the SECURE Act (“SECURE” or the “Act”) contains…

Hardship Cases Can Be Hard Work

Working with plan participants looking to make a withdrawal from their retirement plan to deal with a hardship can be challenging – especially for employers/plan sponsors. One Pentegra advisor recalls how one of his clients – a fairly large one – prefers not to get…

Fiduciary Issues in the COVID Era

It is no secret that these are tough – and confusing – times for most people. Officials inside and outside of government are issuing sometimes contradictory messaging; the economic effects of the pandemic are one of our great unknowns; and data on when – or…

What We’re Wishing for in 2021

While there was some good news for the retirement industry during the annus horribilis (as Latin speakers would have it) of 2020, there were more than enough misfortunes and setbacks for most of us. Nevertheless, “Perpetual optimism is a force multiplier,” according to Colin Powell….

A Brave New Digital World

The very idea of “going digital” has become so commonplace that most people probably don’t even think about it anymore. While there will always be a few of the technology-resistant (or, in some cases, simply “tech-challenged”) among us, the use of such communications tools as…

The SSRA: What’s Not to Like?

There is a lot to like about the Securing a Strong Retirement Act (SSRA) of 2020. Given that there are 36 items in it, that’s saying a lot. Introduced on October 27, 2020 by House Ways and Means Committee Chairman Richard E. Neal (D-MA) and

Adding More Certainty to SECURE

There has been a flurry of recent activity surrounding the Setting Every Community Up for Retirement Enhancement (SECURE) Act as we near its first anniversary. Signed into law on December 20, 2019, the SECURE Act has been the subject of various federal government-issued explanations and