Sen. Orrin Hatch, R-Utah, chairman of the Senate Finance Committee, will introduce an amendment eliminating the current tax treatment for pretax 401(k) catch-up contributions. The amendment will raise the catch-up limit for people 50 and older but will tax the contributions when they are made and will classify them as…
Retirement advisors are taking a second look at measures to comply with the Labor Department's fiduciary rule now that the department is moving to postpone enforcement of parts of the rule. Many advisors welcome the extra time, but others worry about the lack of direction and what will end up…
An 18-month delay in implementing certain parts of the Labor Department's fiduciary rule should have a positive effect on annuities, industry executives say. Annuity sellers can concentrate on structuring the right products for clients rather than focusing on technical details of fiduciary rule compliance, the executives say. InsuranceNewsNet online
Twenty-eight percent of investors planning for retirement said the most useful information advisors can provide them with is an estimate of how much they will have to spend a year, according to a survey from survey from Dimensional Fund Advisors. The same percentage said the most valuable information an advisor…
The Federal Reserve maintained its current interest rate but offered an optimistic view of the US economy that could lay the groundwork for a widely anticipated rate increase in December. The central bank's rate-setting committee said its preferred benchmark for inflation "remained soft" but the labor market is getting stronger…
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